1 AIG stock price is trading near the neckline of $65 on the daily charts. 2 Buyers have gained traction and are looking to reach the bluesky zone of $90. American International Group Inc. (NYSE: AIG) American International Group, Inc. engages in the provision of a range of prope...
- 1 AIG stock price is trading near the neckline of $65 on the daily charts.
- 2 Buyers have gained traction and are looking to reach the bluesky zone of $90.
American International Group Inc. (NYSE: AIG) American International Group, Inc. engages in the provision of a range of property casualty insurance, life insurance, retirement products, and other financial services to commercial and individual customers. It operates through the following segments: General Insurance, Life and Retirement and Other Operations. The General Insurance segment consists of insurance businesses in North America and International business areas. The company was founded by Cornelius Vander Starr in 1919 and is headquartered in New York, NY.
Will AIG Stock Surpass the Hurdle of $70?
AIG stock (NYSE: AIG) stock price is trading near the resistance zone of $65 and buyers are attempting to register a breakout. Moreover, the price action highlights buying interest. The stock has surpassed the critical hurdle of $60 with a gap-up move.
At press time, AIG stock price is trading at $63.94 with an intraday gain of 0.31%, showing neutrality on the charts. Moreover, the trading volume increased by 0.45% to 3.112 Million while the market cap is $44.888 Billion. Furthermore, analysts have maintained a ‘buy’ rating with a yearly target price of $71.59 suggests a growth outlook for the upcoming sessions.
AIG Stock Price Prediction 2023
On the daily charts, AIG stock price showed a rebound and is gaining strength in the past sessions. Furthermore the price action shows fresh long build ups as the price is close to the neckline of $65. AIG stock surpassed the 50% Fibonacci retracement zone and is above the mid bollinger band.
The RSI curve stayed above the midline and shows a bullish divergence signifying a favorable bullish outlook.
The MACD indicator showed a bullish crossover and formed green bars on the histogram suggesting a positive outlook for the upcoming sessions.
If bulls succeed in surpassing the barrier of $70, AIG stock will reach as high as $90 in the near future. Conversely, if stock reverses from the resistance mark of $65, it will again retest the round mark of $50.
AIG Stock Price Prediction 2024
On the monthly charts, AIG stock price is near the critical resistance zone of $70 as investors are waiting for a much awaited breakout. If buyers succeed in registering the same, a sharp up-move would be anticipated.
Per the technicals, AIG stock witnessed fresh long additions and has surpassed the 20 day EMA indicating that buyers have regained strength and are looking to extend the gains.
If AIG stock extends the gains beyond $70, AIG stock will surpass the barrier of $75 and will reach the maximum of $100 followed by $120 by 2024.
On the contrary, AIG stock has a limited downside risk of $45 followed by $35 near the demand zone.
AIG Stock Price Prediction 2025
On the 6 months chart, AIG stock has witnessed the consolidation and buyers are willing to retest the gap zone of $75, from a massive downmove witnessed in the past months. Based on the indicators, stock has revamped from the bottom and is trying to attain pace. Furthermore, the correction has ended and fresh buying interest was seen.
If bulls surpass the neckline of $75, AIG stock has a potential to reach the maximum of $125 followed by $150 in the next few years.
On the contrary, if bears trigger a sell-off, AIG stock will hit the lows of $35, followed by $25.
Summary
AIG stock price has regained strength and has surpassed the 20 day EMA barrier. The stock is gaining traction post the release of Q3 results which was above the estimates. In the coming sessions, AIG stock will try to catch the round mark of $100.
Technical Levels
Support Levels: $60 and $50
Resistance Levels: $70 and $80
Disclaimer
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