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AXP trade ideas

28.12.24 American Express - slowly downwardsAmerican Express is since decades Warren Buffett Darling. AXP last years with increasing fees and solid growth spent wonderfull earnings to the shareholders, even solid dividends. But during the last years, credit defaults increased rapidly. From quarter to quarter they increased accounting provisions. st. louis Fed statistic also very interesting. Small banks in Us with huge defaults, meantime by 7%. Highest value since 1991, even higher than 2008… So as a matter of fact, consumer sentiment also negativ. For 2025 expect recession and further increasing of defaults. Expext for axp sharp slump in earnings.
NYSE:AXPShort
by Flyerdan
AXP | SHORTNYSE:AXP Technical Analysis of American Express (AXP) Key Observations: Current Price Action: Price: $232.28 Recent Drop: -16.40 (-6.59%) Support and Resistance Levels: Immediate Support: $227.69 (Target Price 1) Further Supports: $219.31 (Target Price 2), $200.36 (Target Price 3), and $186.49 (Target Price 4) Resistance: The price broke below a previous support level at around $244.51. Trendlines: The upward trendline has been broken, indicating a potential shift from a bullish to a bearish trend. Relative Strength Index (RSI): Current RSI: 51.36 The RSI shows a recent decline, approaching a neutral level, indicating that the stock is neither overbought nor oversold. Target Prices: Target Price 1: $227.69 This level is the immediate support and a potential first target for any continued downward movement. Target Price 2: $219.31 If the price breaks below the immediate support, the next target is around $219.31, a previous support level. Target Price 3: $200.36 Further downside could see the price reaching $200.36, a significant psychological and technical support level. Target Price 4: $186.49 In a more bearish scenario, the price could fall to $186.49, another key support level. Summary: American Express (AXP) has experienced a significant drop, breaking below a key support level and its upward trendline. The next levels to watch are $227.69, $219.31, $200.36, and $186.49. The RSI is neutral, suggesting the potential for further declines if market conditions remain negative.
NYSE:AXPShort
by shkspr
AXP Long The strong performance year-to-date reflects resilience in current market conditions. Traders should look for confirmation of a bounce off the 9 EMA and the establishment of support as entry criteria. Risk management strategies should include setting a stop loss below recent swing lows and considering a 2-3% risk allocation. Potential catalysts for upward movement include continued revenue growth and positive trends in the financial sector. Overall, there is anticipation for a breakout move following the small base formation and bounce off the 9 EMA.
NYSE:AXPLong
by horsehuh
A Risk Tolerance Test for All TradersRisk Tolerance trips up more traders than any other emotional aspect of trading stocks, or any other asset class. How is your risk tolerance? Would you say that you have a good stable risk tolerance? Or is it the main reason you take small gains or losses? If you need help evaluating your risk tolerance, take this Risk Tolerance Test . If any of these apply, then there is a problem you need to address: Do you get stopped out of trades and then watch as the stock moves up? This is caused by setting stops too tightly for the kind of trading style being used. Do you panic as the stock retraces and lower the stop loss to avoid getting stopped out? This actually increases risk rather than lowering it. Do you raise your stop loss before the stock forms a new consolidation for support? This also increases risk rather than lessening it. There is higher risk that you will get stopped out prematurely. Do you check profit or loss everyday on your held stocks? Position traders should only be checking their balance once a month. Swing traders could wait for the end of the month but can do it weekly. Are you a swing trader who checks your positions intraday to see what is happening? This runs the risk of reacting prematurely to intraday volatility that eventually evens out. Have you given up on using stop losses because "they don't work"? You probably just need to learn a better method for placing stop losses. Do you hold and hold with no stop loss, watching a stock tumble, unable to exit and ultimately exiting too late or "holding long term" instead? This is a chronic problem among retail traders that indicates the lack of a complete trading plan, one that provides a plan for when your holdings go against your intent. To keep your risk tolerance in check try adding these simple steps to your trade analysis: Carefully check the Risk to Reward ratio of your picks, and only trade stocks with a good probability for profit vs. loss. Consider the amount of money at risk in each trade. Think about how you would feel if you lost that money should the trade go against you. Add this parameter to your trading rules. Lower overall market risk by trading more than one or two stocks at a time. Spread your capital outlay over a few picks rather than putting it all on one trade. Use stop losses on every trade. Place stops under the appropriate support levels for the chart patterns and your intent. If you are a Swing Trader, it is important to enter trades only on strong market days. Not every flat day is a good day to swing trade. You'll keep more of your profits over time if you wait for ideal days and picks. The simplest way to improve risk tolerance is to continually paper trade on a Simulator even after you've started trading live. Most beginners do not practice executing their trading plan sufficiently before jumping into the market. They allow emotion to cloud better judgment and let greed overwhelm decisions. Trading is the only business where normally calm, intelligent, and wise people do really greedy things that end up being foolish and risky. And it all comes down to the emotions that come with money, especially fear, greed and pride. Traders have one thing to compete against and that is their own emotions, which can cause poor decisions. My best advice for all traders is this: compete against your own prior trading history to improve results, and ignore what is going on with everyone else. Summary: Emotional control comes from having a sound plan, sticking with it, and not changing it because the market has moved on a whim or some guy on social just made a lot of money. Create your trading style, which is a plan of attack for the market. Set out your strategies and use the correct ones for the current Market Condition. Only trade stocks that have a risk factor you can live with. Use stop losses appropriately, and you will be successful. Problems occur somewhere in all of this, when traders miss a step and deviate from the plan. When you feel emotions getting out of hand, controlling your trading decisions, consider the above checklists for help evaluating and adjusting your mindset. Greed is a tough emotion to control, because it is insidious and hard to identify in ourselves. Fear is easy to identify and much easier to control or harness. A certain amount of fear is necessary and good in the market, because it keeps individuals from taking too much risk. However, fear that dominates daily emotional energy only creates constant losses. Think about this and study prior trades. If they performed well after being stopped out, then there is a risk problem to address in your trading plan.
NYSE:AXPEducation
by MarthaStokesCMT-TechniTrader
AMEX AXP THE PLATINUM CARD STILL ISNT REAL PLATINUM I recently saw another post about credit card companies, I'll link it when I find it again. Either way, it got me looking at amex again. Specifically this potential movement to the upside which takes price to around $345 Because of the alignment of trends and date of earnings, there is a chance, small, but something I've seen before in different ways, which from technicals for whatever reason allows the price to make a move to the upside like this, and generally what occurs after is a drop, which honestly tracks with other things I see in the market at times. Long term, it's hard not to see growth from a technical view, fundamentals will be best viewed on the trader's post I mentioned first, which I'll link. I've been a customer at amex for years, and I can't really say I'm not a fan because the company from the viewpoint of me, as a customer, is well run. Internally, idk, maybe it's a total mess, but the reason I like this company long term is I've seen great service for nearly a decade AND I have a hope that it not only continues, but gets better and better. Summary, Interesting setup for trading here. pay attention carefully as earnings makes things happen quickly. things can change. I know that I don't know, do you. Is amex long term, I like it. Does it fit into your portfolio, literally ask a financial advisor, they aren't dumb and can tell you why and why not. A movement such as drawn and not to be used in most cases other than to visibly see how it can swing price and still maintain a somewhat stable price through a correction, which ultimately makes the stock price a better long term investment and I'd guess that others probably view it in similar ways, especially when you look at the investment style of major investors. I say it a lot, but also, meta made this same movement in less than a year. Support does come around 200. 84, should it happen, I'd suggest seeing market conditions at that time, but ultimately seems like a steal.
NYSE:AXPLong
by nicktussing77
OPTIONS WATCHLIST 8/18/2024 OPTIONS WATCHLIST 8/18/2024 NASDAQ:PYPL - Stock failing to break $68.25 long term resistance for that 5th time but still holding close to it. Calls above that level for a move to $70 and higher. Stock is strong on indicator level NYSE:IBM - On CNBC, Rob Sechan of NewEdge Wealth said IBM is a “nice combination of defensive growth and margin expansion.” calls above $194 for a move towards $200 and higher. All time highs around $206 NASDAQ:TTD - Friday Live On CNBC; Josh Brown Buys Trade Desk as stock broke $100 resistance level. Next resistance at $102.50. Looking for calls above that level. For a move towards $110 and higher. NYSE:JPM - stock moving strong with other bank stocks as it approaches top of trendline resistance at $215. Looking for calls above that level for a move towards $220 and higher. Stock is strong on indicator level NYSE:AXP - Another stock with strong momentum approaching all time highs at $256.24. Looking for calls above $252.5 for a move towards all time highs and above.
NYSE:AXP
by TheStockTraderHub
$AXP - fake breakout or recharge?I typically never look at stocks that have a huge run up and seem over extended on the 1 day chart. But, the 4 hour chart clearly shows a reversal from being oversold with momentum and all key indicators pointing towards a move up. Due to the big wick on Friday, the fib channel has opened a pathway to $260. Unusual options activity at $260 strike price as well for august.... seems a bit premature but the range is evident and the last 3 candles on the 4 hour chart show it wants to move. This is interesting for me as it goes for, and against, what I look for in a price target. Then I realize, I'm against it based on feeling/judgement. The indicators point towards $260, or at least $250-$260 range. Not trade advice.
NYSE:AXPLong
by mike-ai-automation
American Express Resistance Breakout At $244.29 19.07.2024Resistance Breakout: American Express ( NYSE: AXP ) spotted at $244.29 on 4HR Chart, price currently at $249.13. Bullish Scenario: If breakout holds, target $258.52. If $258.52 is breached, next target $267.32. Bearish Scenario: If breakout fails, expect drop to $239.36. If $239.36 is breached, next target $235.49. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
NYSE:AXPLong
by Stuart_Cowell
American Express May Be Sneaking HigherAmerican Express broke out to record highs in January. Now after six weeks of tight price action, some traders may expect further upside. The first pattern on today’s chart is the jump on April 19 after earnings beat estimates. AXP cleared the late-March closing high around $229 and proceeded to retest and hold that same level on May 3. So, the current month’s low is near a previous month’s high. Has old resistance become new support? Next you have a higher low above $234 this week. Third, the 8-day exponential moving average (EMA) has remained above the 21-day EMA. That may reflect a bullish short-term trend. Finally, stochastics are near an oversold condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:AXP
by TradeStation
American Express Surges 4.33% on Earnings BeatAmerican Express, a leading financial services corporation, has released its first-quarter results for the year 2021. The company has outperformed the analyst estimates with higher-than-expected revenue, net income, and diluted earnings per share (EPS). The company's net interest income has also been higher than anticipated, thereby avoiding the fate of several other financial firms. American Express has reaffirmed its full-year guidance for fiscal 2024, projecting significant growth in year-over-year revenue and EPS. The company has projected revenue growth of 9% to 11% and EPS of $12.65 to $13.15 for 2024. The company's revenue of $15.8 billion in Q1 2021 has exceeded the consensus analyst estimates compiled by Visible Alpha, which was $15.76 billion. The net income of $2.44 billion and diluted EPS of $3.33 have also surpassed the estimates of $2.17 billion and $2.96 per share, respectively. American Express has reported $3.77 billion of profit in the net interest income metric, which is higher than the market expectation of $3.66 billion. The company's CEO, Stephen Squeri, has attributed the success to the company's ability to attract high-spending, high-credit-quality customers to the franchise. The company has seen strong demand from millennial and Gen Z consumers, who accounted for over 60% of new consumer account acquisitions globally. The company's shares initially fell 2% in pre-market trading following the earnings report's release before reversing course. The stock has gained about 20% so far this year and is currently up more than 3% at $224.48 as of 10:17 a.m. ET. Last month, American Express ( NYSE:AXP ) announced an increase in its quarterly dividend to 70 cents per share, up from the previous mark of 60 cents. In conclusion, American Express ( NYSE:AXP ) has exceeded the market's expectations with its Q1 2021 results and reaffirmed its full-year growth guidance for 2024. The company's ability to attract high-spending, high-credit-quality customers and strong demand from millennial and Gen Z consumers suggests a promising future for the corporation.
NYSE:AXPLong
by DEXWireNews