Trading (AIG) With Integrated Risk Controls
January 26, 2024, 12:02 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AIG
- Buy AIG slightly over 66.22 target 70.29 stop loss @ 66.03 Details
The technical summary data tells us to buy AIG near 66.22 with an upside target of 70.29. This data also tells us to set a stop loss @ 66.03 to protect against excessive loss in case the stock begins to move against the trade. 66.22 is the first level of support below 69.375 , and by rule, any test of support is a buy signal. In this case, support 66.22 is being tested, a buy signal would exist.
- Short AIG slightly under 70.29, target 66.22, stop loss @ 70.49 Details
The technical summary data is suggesting a short of AIG as it gets near 70.29 with a downside target of 66.22. We should have a stop loss in place at 70.49though. 70.29 is the first level of resistance above 69.375, and by rule, any test of resistance is a short signal. In this case, if resistance 70.29 is being tested, a short signal would exist.
Swing Trading Plans for AIG
- Buy AIG slightly over 69.98, target 70.29, Stop Loss @ 69.78 Details
If 69.98 begins to break higher, the technical summary data tells us to buy AIG just slightly over 69.98, with an upside target of 70.29. The data also tells us to set a stop loss @ 69.78 in case the stock turns against the trade. 69.98 is the first level of resistance above 69.375, and by rule, any break above resistance is a buy signal. In this case, 69.98, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AIG slightly near 69.98, target 68.39, Stop Loss @ 70.18. Details
The technical summary data is suggesting a short of AIG if it tests 69.98 with a downside target of 68.39. We should have a stop loss in place at 70.18 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 69.98, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for AIG
- Buy AIG slightly over 69.6, target 69.98, Stop Loss @ 69.44 Details
If 69.6 begins to break higher, the technical summary data tells us to buy AIG just slightly over 69.6, with an upside target of 69.98. The data also tells us to set a stop loss @ 69.44 in case the stock turns against the trade. 69.6 is the first level of resistance above 69.375, and by rule, any break above resistance is a buy signal. In this case, 69.6, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AIG slightly near 69.6, target 69.02, Stop Loss @ 69.76. Details
The technical summary data is suggesting a short of AIG if it tests 69.6 with a downside target of 69.02. We should have a stop loss in place at 69.76 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 69.6, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for American International Group Inc. (AIG) available here: AIG.
AIG Ratings for January 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
61.98 |
| P2 |
69.02 |
68.39 |
66.22 |
| P3 |
69.6 |
69.98 |
70.29 |
AI Generated Signals for AIG
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for AIG:
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