American Financial Group Inc (AFG): Price Now Near $129.02; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for AFG

Currently, AFG (Get Ratings)’s price is up $0.27 (0.21%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

AFG ranks 71st in terms of today’s price percentage change out of Insurance stocks.

AFG’s Technical Outlook on the Daily Chart

At the moment, AFG’s price is down $-0.67 (-0.52%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows AFG’s price action over the past 90 days.



AFG: Daily RSI Analysis

  • AFG’s RSI now stands at 90.3532.
  • AFG and RSI both have consistent trends, as they are both heading up.

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