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AXP

Ascending triangle formation with recent rejection off of 55 MALooking at the daily time frame of AXP, I'm seeing an ascending triangle or possible wedge depending on whether you tightly follow the wicks. Recent rejection from the 55 MA and slowing volume could suggest it will continue sideways, having seen a lot of movement around the 0.236 Fib ratio it's entirely possible it hangs around here for the short term. Definitely worth keeping an eye on, if you're optimistic there could be value in going long.
NYSE:AXPLong
by Stealthybro
AXP Fibonacci RetracementAXP is looking prime to break through the other 3 out of 4 resistance levels drawn. If it doesn't lets look to see if it revisits support, if it goes below $80, which would be then 2/4 of the support levels broken, it would look to start to be a buy for me. Ideally I would love to buy this in the $75-$69 range if I was presented with another downtrend from AXP. Key Levels Resistance: $94.07, $93.98, $91.74, $85.89 Support: $83.64, $83.65, $78.66, $75.03 I'm using the time frame of 195 minutes in order to be able to give ourselves a bit better view of how the price of AXP has moved during active trading hours. I use 195 minutes as it equates to 3.25 hours, which in turn is similar to using the 65 minutes interval. By using the 65 minutes interval we are avoiding the first 30 minutes of trading, due to news being published, announcements, and overnight orderings being filled. Stocks will typically gap up or gap down and then reverse their direction during the first 30 minutes of trading. The first 30 minutes is typically where the retail investors and new investors are never warned about and will get their face ripped off due to FOMO. If we had used a 60 minute chart, it presents a flaw, this would give us a trading session without equal intervals, since 390 minutes is not divisible by 60 minutes -- when divided it gives you 6.5 intervals. This is why in our interval we ignore the first 30 minutes of trading in our charts. The 195 minute interval satisfies the Fibonacci friendly numbers as well, by using 13 minutes, 65 minutes, 130 minutes, and 195 minute charts. The 195 minute chart typically is great for looking to start a position of commons, by also using this one indicator to verify it against any others you may use typically for your long dated positions. Another interval that can be great to use is the 78 minutes -- it gives a nice equal 5 intervals during a trading session -- and yes, you guessed it, it's also divisible by the magical Fibonacci number of 13, which gives you 6 equal intervals. Never forget, God rested on the 7th day to create everything, it only took 6 days -- there's that magic number again.
NYSE:AXPLong
by buy-the-dip
4
AXP - DAILY CHARTHi, today we are going to talk about American Express Co and its current landscape. As nowadays we live in a consumerist society and access to a credit card has continually become easier to obtain, is reasonable to predict that the card debts are also going to rise too, as financial education isn't the strong point of U.S consumers, and are used to the debt culture. The heat up U.S economy put credit card companies in a more comfortable zone as the unemployment rate remains near to historic lows, which helps customers to keep up with their bills. However, the question that worth to be raised here is, if the 90 days past due card debt is probably surging to 2.01%, the highest level since 2010 amid a heated economy, what is going to happen with this type of debt, once the U.S economy make its first downward movement of correction and make harder for customers pay their credit card bills. Even with the credit card issuers tighten their credit standards, we can't be sure it's going to be enough to avoid a crisis on the sector, which could lead to a flood of bad debt, decline of new credit card issuance and other types of liabilities. This scenario could mean concerning news for American Express if the company doesn't progressively start to deploy the proper countermeasures for this scenario. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
NYSE:AXP
by Igor-Silva
AXP - DAILY CHARTHi, today we are going to talk about AXP and its current landscape. We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above. Want to know more about our trades and ideas? Join the Traders Heaven today. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, and see more of our work, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice
NYSE:AXP
by Igor-Silva
AXP Cup & HandleAXP missed on earnings and revenue Thu 18th, but only dropped 0.28%. However, their 'miss' was doubling profit from $2.75B to $6.92B. Because it is regarded as banking, the stock trades at a PE of 13.5 compared to 30 for Mastercard and Visa. It was up 1.95% pre-earning on double normal volume. Tefchnicals show a cup and handle and a golden cross (50MA>200MA). Allow a little pullback on Monday, and BUY 112.50, SL 107.75 TP 130. RR 3.68. The SL is below the 'B' point, and I have projected A-B = B-C to a price target of $130. Broker PTs average $120, can always take some off there. AXP is a Dow component.
NYSE:AXPLong
by adatherton