AMERICAN EXPRESS CO (AXP) Technical Analysis
NYSE:AXP • US0258161092
Current stock price
AXP Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to AXP. AXP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 68% of all other stocks performed better in the past year than AXP.
- AXP is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- AXP has an average volume of 3929470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- AXP is an average performer in the Consumer Finance industry, it outperforms 66% of 54 stocks in the same industry.
- AXP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AXP is lagging the market slightly.
AXP Weekly and Daily overview Charts
AXP Setup Rating and Analysis
Although the technical rating is bad, AXP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 302.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 299.50, a Stop Loss order could be placed below this zone.
More info and screens
AXP Support and Resistance Analysis
242.00
3 important support areas can be observed.
- A support zone ranging from 294.27 to 299.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @287.79 from a horizontal line in the daily time frame.
- Support @244.44 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 302.01 to 305.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 333.76 to 338.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
AXP Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for AXP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AXP is down. |
| ChartMill Relative Strength | 32.61 | NEUTRAL | AXP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AXP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AXP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AXP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.17 | NEUTRAL | The RSI value for AXP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.5 | POSITIVE | The MACD value suggests AXP has a positive trend. |
| Stochastics (14,3) | 43.85 | NEUTRAL | The Stochastics value for AXP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for AXP suggests some volalility. |
| Average Directional Index/ADX (14) | 37.42 | POSITIVE | The high ADX value value for AXP suggests a strong trend. |
AXP Chart- and CandleStick Pattern Analysis
AXP Technicals: Chart, Performance Metrics, Trend & Indicators
302
+0.09 (+0.03%)
AMERICAN EXPRESS CO / AXP TA FAQ
Can you provide the ChartMill technical rating for AMERICAN EXPRESS CO?
ChartMill assigns a technical rating of 0 / 10 to AXP.
Can you provide the trend direction for AMERICAN EXPRESS CO?
The current trend direction for AMERICAN EXPRESS CO (AXP) is Bearish.
Can you provide the RSI signal for AMERICAN EXPRESS CO?
AMERICAN EXPRESS CO (AXP) has an RSI value of 39.1672. This indicates that the stock is currently neutral.
What is the short term momentum for AMERICAN EXPRESS CO (AXP) stock?
The short term momentum for AMERICAN EXPRESS CO (AXP) is negative.
Can you provide the buy/sell signal for AMERICAN EXPRESS CO?
The buy/sell signal for AMERICAN EXPRESS CO (AXP) is sell as both the short term and long term trends are negative.