AMERICAN EXPRESS CO (AXP) Stock Technical Analysis
NYSE:AXP • US0258161092
Taking everything into account, AXP scores 1 out of 10 in our technical rating. AXP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month AXP has a been trading in the 336.21 - 370.10 range, which is quite wide. It is currently trading near the lows of this range.
- AXP is part of the Consumer Finance industry. There are 54 other stocks in this industry. AXP outperforms 73% of them.
- AXP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AXP is lagging the market slightly.
- AXP has an average volume of 2938380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the performance of all stocks over the past year, AXP turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
Although the technical rating is bad, AXP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 340.66, a Stop Loss order could be placed below this zone.
More info and screens
245.16
When analyzing the support we can see 2 important areas.
- A support zone ranging from 337.49 to 340.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @247.64 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 350.44 to 358.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 382.57 to 384.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for AXP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AXP is down. |
| ChartMill Relative Strength | 54.44 | 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 | POSITIVE | The current price of AXP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.51 | NEUTRAL | The RSI value for AXP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.96 | NEGATIVE | The MACD value suggests AXP has a negative trend. |
| Stochastics (14,3) | 24.82 | NEUTRAL | The Stochastics value for AXP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for AXP suggests some volalility. |
| Average Directional Index/ADX (14) | 20.55 | NEUTRAL | The ADX value for AXP suggests a possible start of a new trend. |
342.65
-3.59 (-1.04%)
AMERICAN EXPRESS CO / AXP FAQ
Can you provide the ChartMill technical rating for AMERICAN EXPRESS CO?
ChartMill assigns a technical rating of 1 / 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 39.509. 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.