4AXP trade ideas
American Express Looking For Bearish Gap FillOn May 3, 2017, American Express Company crossed below its 50 day moving average (DMA). Historically this has occurred 406 times and the stock does not always drop. The median drop is 4.538% and maximum drop is 45.566% over the next 20 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 50.4969. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock has been slightly volatile. It is currently trending down since the recent post-earnings gap up. The stock can continue to go down with less volatile price swings.
The true strength index (TSI) is currently 2.3520. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock was trending down, but has recently turned upward. This indicator is typically delayed so the bend upward is not always indicative of further upward movement.
The positive vortex indicator (VI) is at 0.9408 and the negative is at 0.8340. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock has been neutral since the post-earnings gap up. With both indicators below 1, anything can happen.
The stochastic oscillator K value is 57.5145 and D value is 69.9118. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock exited overbought territory and should continue to decline.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be pointing down. Based on historical movement compared to current levels and the current position, the stock could drop at least 2.70% over the next 20 trading days.
longI like this stock and this is why:
I love it because there is a nice support line.
The stock bounced at it today so this is positive for a potential.
I like the candle because that is a perfect doji and a doji shows indecision and indecision after a down move like that is usually signs of a reversal.
I also like it it because the stock had great earnings and the stock did a nice move on the uspide and normally after a nice move up like that , you see a retracement and this is what happened and after a retracement there is great chance that there will a continuation of the trend and this is what i think will happen.
AXP breakout or breakdownAXP fell out of its uptrend and is now re-testing the first fib retracement. JPM releasing earnings Thursday morning before the bell, and they will likely set the tone for the rest of the financials. Based on that earnings report and how AXP reacts to this support, you can enter into a long or short position with limited risk.
axp - long - american expressBeautiful bullish engulfing right in my action zone
As part of my swing trading strategy i scan for trending stocks that have pulled back into my action zone for this i use an action zone between a 10sma and 30ema
Short to trend and then longOnce reversed, go short to trend line. This is along game, circa 2 years!
AXP @ 1h @ still best conservative tec. & fun. big finance shareTake care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
Best regards :)
Aaron
AXP Buying OpertunityMy prediction is that AXP will be very volatile in the morning and could begin in a downtrend, until MACD crosses & <0. William %R is showing that it extremely oversold and therefore could continue going down in the morning or go up. Its also hitting the bottom Bollinger band meaning that it will go up the momentum, rsi indicators are going in my favor.
CCI is showing bearishness but has a chance to reverse and cross the 0 line once the market returns somewhere close to neutrality.
MY PLAN: Watch it in the morning, hopefully it'll fall and I'll get it even more on a discount, and purchase in the afternoon (I'm thinking 10am--1:00pm) Pacific Time.
ALSO They have an earnings report coming up where the stock is expected to do +.99
American Express CompanyBuy the shares of the correction above the level of 74.60 with the target at 80.00
American Express CompanyComprar las acciones de la corrección por encima del nivel de 74.60 con el objetivo en 80.00
Cramer Pumping $AXP Just As It Kisses My Short Level...Is Jim Cramer a contrarian indicator on American Express Company (NYSE:AXP)? He was extremely bullish on Mad Money this evening but everything I see spells major downside on the stock. There is multiple mounting technical signals that tell of a sharp decline coming. What has me looking to short American Express is not only the 28% mega it has enjoyed since November, but also the stock hitting the weekly stock chart 200 moving average and an absolutely huge resistance trend line stretching back to 2013. This can all be seen on the stock chart below. Honestly, the odds are against Cramer here and firmly in the pocket of short sellers. A normalized retrace would be to $67.50, a correction of over 10% over the next month or two. So here I am, pitting myself against Jim Cramer. Let's check back in 2 months and see where the stock is. I am shorting it and putting my money where my mouth is.
View my trades and Verified performance now right here: verifiedinvesting.com
$AXP | American Express Short | Wolfe WaveTraders,
$AXP is offering a short opportunity before an even larger move to the upside. I would naturally expect a reaction off the 1-4 line. However, depending on the violence of the move down we might see lower lows than the 1-4 line level.
For now, American Express looks like a good short.
Best,
Chartistry
what is this guy going to do? Quick look at the Credit card company Can we look for a great move finally? In my opinion I think this is a watch for key points
AMERICAN EXPRESS with conservative SetUp68.10 Yearly High 2016 @ 1st Trading Day this Year
64.04 100 SMA
62.69 200 SMA
62.33 low after break out of trading box
61.25 gap - while the sell off @ start of the year
58.85 gap - while the sell off @ start of the year
buying trading capability above the trading range (58.85 & 61.25)
- the lows in may and june/july supported the upside (even above 62.33) too.
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
