American International Group tries to recoup losses - Analysis - 24-06-2021

American International Group's stock (AIG) rose 0.38% in the last session while recouping some recent losses and venting off oversold saturation in the RSI, as the stock is hurt by piercing the upward trend line recently, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the support of 44.70, provided the resistance of 48.90 holds on.

Expected trend for today: Bearish