AIG pushes through 50-day moving average

American International Group Inc. (AIG) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team


AIG pushes through key resistance level
AIG pushes through 50-day moving average
AIG closes higher for the 5th day in a row
AIG pushes through previous session high
AIG rises to highest close since May 2nd


Moving higher for the 5th day in a row, AIG finished Thursday at 54.79 gaining $1.08 (2.01%). Today's closing price of 54.79 marks the highest close since May 2nd. Closing above Wednesday's high at 53.74, the stock confirms its breakout through the previous session's high having traded $1.34 above it intraday.

Daily Candlestick Chart (AIG as at May 17, 2018):

Daily technical analysis candlestick chart for American International Group Inc. (AIG) as at May 17, 2018

Thursday's trading range was $0.64 (1.17%), that's below last trading month's daily average range of $0.92. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way above average.

Breaking through the key resistance level at 54.76 today, it is now likely to act as support going forward.

Although the share is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory. American International managed to break above the 50-day moving average at 54.39 today for the first time since April 27th.

As prices are trading close to May's high at 56.33, upside momentum might accelerate should the market mark new highs for the month.

Market Conditions for AIG as at May 17, 2018

Loading Market Conditions for AIG (American International Group Inc.)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when American International Group Inc. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!