Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
American International Group’s stock price (AID) kept rising in the intraday levels, amid the total dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive pressure from the 50-day SMA, confirming the breach of the pivotal resistance of $78.95, with negative signals from the RSI after reaching overbought levels, hindering gains.
Therefore we expect more gains for the stock, targeting the resistance of $83.60, provided it settles above $78.95.
Trend forecast: Bullish