Technical Analysis
Recent price action shows AIG trading at $76.65, with RSI-14 at 59.25 indicating neutral momentum. The stock is trading above all major moving averages (5,10,20,60,200-day SMAs), suggesting an overall bullish trend. The MACD (0.62) and MACD histogram (0.12) are both positive, indicating upward momentum.
Support & Resistance Levels
- Key resistance: $77.31 (Fibonacci R1), $78.29 (Fibonacci R2)
- Key support: $74.11 (Fibonacci S1), $73.12 (Fibonacci S2)
- Current price is in Bollinger Band upper range (BBP: 0.73), suggesting potential for short-term pullback
News Analysis
- Director John G. Rice recently purchased 10,000 shares at $77 per share, showing insider confidence
- AIG will host an Investor Day on March 31, 2025, which could be a potential catalyst
- The company has maintained strong buyback program with $4.8 billion worth of shares repurchased in first three quarters of fiscal 2024
Price Prediction for Next Week
Based on technical indicators and news sentiment:
- Bullish scenario (60% probability): Price likely to test $77.31 (Fibonacci R1)
- Neutral scenario (30% probability): Consolidation between $75.71-$77.31
- Bearish scenario (10% probability): Pullback to $74.11 (Fibonacci S1)
Target Price: $77.50 with stop loss at $74.11
Recommendation: BUY
- Entry point: Current price ($76.65)
- Strong technical setup with positive momentum
- Insider buying and upcoming catalyst (Investor Day)
- Set stop loss at Fibonacci S1 ($74.11) to manage risk
Technical Analysis
Recent price action shows AIG trading at $76.65, with RSI-14 at 59.25 indicating neutral momentum. The stock is trading above all major moving averages (5,10,20,60,200-day SMAs), suggesting an overall bullish trend. The MACD (0.62) and MACD histogram (0.12) are both positive, indicating upward momentum.
Support & Resistance Levels
- Key resistance: $77.31 (Fibonacci R1), $78.29 (Fibonacci R2)
- Key support: $74.11 (Fibonacci S1), $73.12 (Fibonacci S2)
- Current price is in Bollinger Band upper range (BBP: 0.73), suggesting potential for short-term pullback
News Analysis
- Director John G. Rice recently purchased 10,000 shares at $77 per share, showing insider confidence
- AIG will host an Investor Day on March 31, 2025, which could be a potential catalyst
- The company has maintained strong buyback program with $4.8 billion worth of shares repurchased in first three quarters of fiscal 2024
Price Prediction for Next Week
Based on technical indicators and news sentiment:
- Bullish scenario (60% probability): Price likely to test $77.31 (Fibonacci R1)
- Neutral scenario (30% probability): Consolidation between $75.71-$77.31
- Bearish scenario (10% probability): Pullback to $74.11 (Fibonacci S1)
Target Price: $77.50 with stop loss at $74.11
Recommendation: BUY
- Entry point: Current price ($76.65)
- Strong technical setup with positive momentum
- Insider buying and upcoming catalyst (Investor Day)
- Set stop loss at Fibonacci S1 ($74.11) to manage risk