American International Group, Inc (AIG) deepened its losses in its latest intraday trading, reaching support at the key 76.00 level in preparation to break it. The short-term corrective downtrend remains in control, with trading moving along a descending slope line. Selling pressure continues as the stock trades below its 50-day SMA, while negative signals have reappeared on the RSI after briefly unwinding some of its oversold conditions.

Therefore, we expect the stock to decline in its upcoming trading, especially if it breaks below the mentioned support of 76.00, to then target the next support at 73.80.

Todays price forecast: Bearish.