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 (AIG) fell in the intraday levels after the resistance of 41.0 held on, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term (from 56.38 to 16.05), while gathering momentum to help it rise anew, as it vents off overbought saturation from the RSI, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the next resistance at 47.04, representing the ratio 76.4% of the same retracement levels.
Expected trend for today: Bullish