AMERICAN EXPRESS CO (AXP) Stock Technical Analysis
USA - NYSE:AXP - US0258161092 - Common Stock
We assign a technical rating of 10 out of 10 to AXP. Both in the recent history as in the last year, AXP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although AXP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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240.06
When analyzing the support we can see 5 important areas.
- Support @322.89 from a trend line in the daily time frame.
- A support zone ranging from 316.25 to 316.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 300.96 to 304.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @287.79 from a horizontal line in the daily time frame.
- Support @242.48 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AXP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AXP is up. |
| ChartMill Relative Strength | 83.56 | POSITIVE | AXP has a high relative strength, it outperformed 83.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AXP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AXP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AXP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.47 | NEUTRAL | The RSI value for AXP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.87 | POSITIVE | The MACD value suggests AXP has a positive trend. |
| Stochastics (14,3) | 89.77 | OVERBOUGHT | The high Stochastics value suggests AXP may be overbought. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for AXP suggests some volalility. |
| Average Directional Index/ADX (14) | 19.89 | NEGATIVE | The low ADX value for AXP suggests a weak or negative trend. |
357.56
+2.63 (+0.74%)
AMERICAN EXPRESS CO / AXP FAQ
Can you provide the ChartMill technical rating for AMERICAN EXPRESS CO?
ChartMill assigns a technical rating of 10 / 10 to AXP.
What is the current trend direction of AMERICAN EXPRESS CO (AXP) stock?
The current trend direction for AMERICAN EXPRESS CO (AXP) is Bullish.
Can you provide the RSI signal for AMERICAN EXPRESS CO?
AMERICAN EXPRESS CO (AXP) has an RSI value of 66.4698. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AMERICAN EXPRESS CO?
The MACD indicator for AMERICAN EXPRESS CO (AXP) has a value of 2.86652, indicating a bullish trend.
What are the support and resistance levels for AMERICAN EXPRESS CO (AXP) stock?
AMERICAN EXPRESS CO (AXP) has a support level at 322.89. Check the full technical report for our detailed analysis of AXP support and resistance levels.