American International Group, Inc. (AIG) declined in its latest intraday trading, preparing to break below the pivotal support level of $76.10, under the dominance of a short-term corrective downtrend. The stock remains pressured by continued trading below its 50-day simple moving average, which reduces its chances of recovery in the near term.
Therefore, we expect the stock price to decline in its upcoming trading sessions, especially if it breaks the mentioned support at $76.10, targeting the next support level at $73.80.
Todays price forecast: Bearish.