Thursday, April 27, 2017

Annual Trading Forecast for AIG (2017)

AIG shares (NYSE:AIG) have been trending downwards in the past few months. There is a bearish bias on the market as shown by the analysis in the chart, although price may soon go upwards.

The ADX period 14 is not above the level 30, showing a current lack of momentum in the market. The DM+ also is intertwined with the DM- (another evidence of lack of momentum in the market). The MACD, default parameters, has its signal lines below the zero line, while its histogram is currently above the zero line. There are mixed signals in the market, and it may be OK to stay aside until there would be a directional movement.

AIG would soon begin trending seriously and coming months would show whether price would be going upwards or downwards.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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