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4AXP trade ideas

American Express Long Term Technical ViewAmerican Express Company, together with its consolidated subsidiaries (“American Express,” the “Company,” “we,” “us” or “our”), is a global services company that provides customers with access to products, insights and experiences that enrich lives and build business success. Our principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world. We were founded in 1850 as a joint stock association. We were incorporated in 1965 as a New York corporation. American Express Company and its principal operating subsidiary, American Express Travel Related Services Company, Inc. (“TRS”), are bank holding companies under the Bank Holding Company Act of 1956, as amended (the “BHC Act”), subject to supervision and examination by the Board of Governors of the Federal Reserve System (the “Federal Reserve”). Our headquarters are located in New York, New York in lower Manhattan. We also have offices in other locations throughout the world. We are principally engaged in businesses comprising four reportable operating segments: U.S. Card Services, International Card Services, Global Commercial Services and Global Network & Merchant Services, all of which are described below. Corporate functions and certain other businesses, including our Enterprise Growth Group and other operations, are included in Corporate & Other. We compete in the global payments industry with charge, credit and debit card networks, issuers and acquirers, as well as evolving alternative payment providers. As the payments industry continues to evolve, we are facing increasing competition from non-traditional players that leverage new technologies and customers’ existing accounts and relationships to create payment or other fee-based solutions. We are transforming our existing businesses and creating new products and services for the digital marketplace as we seek to enhance our customers’ digital experiences and develop platforms for online and mobile commerce.
NYSE:AXP
by KnowledgeAndProfits
Buying signs appearing on American Express chartsAMEX(NYSE:AXP) A continued comeback in the travel business and solid buying trends among younger consumers helped American Express beat profit forecasts Friday. The company reported net income of $2.1 billion, or $2.73 per share, compared with $2.2 billion, or $2.74 per share, versus consensus of $2.40 per share. American Express AXP total revenues, +3.58 percent, were $11.74 billion, up from $9.06 billion a year ago. This was in line with analyst estimates of $11.62 billion. Amex continues to expect full-year revenue growth of 18 to 20 percent and earnings per share of $9.25 to $9.65. Lets look at the chart of American Express Company. The STRAC indicator works very well when applied to the chart of this stock. The price has recovered from its low every time it fell below the indicator for the past six times. The indicator makes trading this stock extremely easy if history repeats itself. Traders can make a good profit within 2 weeks if they were to buy the stock whenever the price breaks below the lower band. Next, there are many good indicators from Sharechart that you can use to determine the strength of the current downtrend in American Express Company stock. The lines within the Random Walk Index indicators, the Aroon indicator, the Elder Ray indicator, and the Kling Volume Oscillator indicator are all widely used. It is not just one, but four different indicators that send a common message that the downtrend is indeed overextended and thus the probability of a rebound is high. The ShareChart scanner also detected a “Double Top” looks alike chart pattern that formed from the first week of March to early May. This chart pattern looks like a “Double Top” chart pattern although it does not exactly meet all the conditions of a “Double Top” chart pattern. Nevertheless, the chart pattern is useful in determining the potential price target for the current trend. If we measure the distance between the high and the neckline of the “Double Top” chart pattern and project it down, the 100% downside target is about $154.55, as shown on the chart. This coincided with the lowest bar on the chart on 12 May 22. This is another sign that the price hit a short-term low on that day. Assuming a trader would buy this stock at the current price, he can next use ShartChart’s Fibonacci indicator to determine the next upside potential. Using the Fibonacci indicator to measure the distance between the high and low the downtrend yields a 50% retracement value of about $171, as shown on the chart. This is the immediate price target for the rebound. The next target could be around $176, which is the 61.8% Fibonacci retracement value. Next, the Sharechart “Volume Profile” indicator (VP) can be used to determine if 1.) the current price is considered oversold and 2.) the upside price target explained above is likely to be reached. First, the VP indicator shows that the value reached its lowest level on May 12 as shown by the blue horizontal line on the chart. This indicates that the price may have bottomed out on that day.Similarly, the price had bottomed and reversed trend on November 30 last year when the value of VP reached the lowest level. Secondly, the red line of VP indicator shows that the value was around $174, which means that the traded volume was the highest of the last 6 months. This should serve as a resistance level or price target in the event of a recovery. This also coincided with the 50% to 61.8% Fibonacci retracement level as explained above. If history repeats itself, a trader who buys around the current price and sells at the potential target price of about $174 could make a good profit of 15% within the next two weeks. Next, if we set the stop loss at $150, which the lowest points on the chart, we get a good risk-reward ratio of 174. A value above 100% is considered a good. Before we decide to buy the stock, let us look at recent developments at American Express. On Thursday, the company continued to raise its APR in response to the Federal Reserve raising its benchmark interest rate. With the Federal Reserve planning to gradually raise the federal funds rate through 2022, it is unlikely that this will be the last APR hike this year. American Express has also taken steps to improve security by partnering with Google to make shopping easier with an added layer of security. When using Chrome and Android Autofill. To gain market share, American Express will now allow cardholders to cancel a flight for any reason. While the world is full of uncertainty, the results are in line with the ambitious development goals we discussed earlier this year.” After the results were announced, Chief Financial Officer Jeff Campbell said he still does not think there will be a recession.
NYSE:AXPLong
by shareandstocks
1
Symmetrical Triangle has Broken to the DownsideAXP has broken the bottom trendline of a Symmetrical triangle. Price has stopped at a prior bottom, for now. Time will tell if it holds. The 50 SMA has crossed down through the 100 but not the 200. Travel was doing well a few weeks ago. I guess almost everything is down today. Price is below the bands set on 80 and RSI reads oversold. The Cloud is not as bearish as many securities right now but price is sitting on the bottom of a green cloud which is support until broken. The Tenken (blue) has crossed down through the Kijun (red) and the Chikou (yellow) has crossed down through price a while back. Leading Span A (green) is trying to cross down through Leading Span B (red). No recommendation. There are many bearish rising wedges in this chart. Some have corrected. There is one just under 100, so price could go there and break the bottom trendline. A Rising wedge is not valid until the bottom trendline is broken.
NYSE:AXPShort
by lauralea
AXP - could break support soonFinancial stocks have been pretty weak a while now with a few exceptions, AXP being one of the more resilient ones. It has been testing a trendline support for the 4th time in the past 4.5 months and looking like a breakdown is near (in line with the overall bearish sentiment in financial stocks). Should a close below 158 occur (ie breakdown), then the longer term target could be 132 or even 115. Howver targets are just a guide and may not may not happen. profit profits with trailing stops. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important. Take care and Good Luck!
NYSE:AXPShort
by Juliac
American Express USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
NYSE:AXP
by Sunstorminvest
Another short on American. AXPOh yes! Goals 151, 146, 140. Invalidation at 211. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NYSE:AXPShort
by Rykin_Capital
Down with American Express. AXP Another short in the financial markets. Short term outlook only. Immediate targets 159, 151. Invalidation at 214. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NYSE:AXPShort
by Rykin_Capital
Head and ShouldersBe safe. Price has not broken neckline and the neckline is a strong source of support. Once price has broken neckline, down targets may be valid. If price breaks the neckline, then possible stop above the neckline. No recommendation. Megaphone pattern is a pattern that consists of minimum of higher highs and lower lows. The pattern is generally formed when the market is highly volatile in nature and traders are not confident about the market direction. Megaphone pattern is known to give multiple trading opportunities to the trade but will often make 5 swings and break up or down. It does not go on forever and is considered a broadening pattern. This pattern also can be traded when it fails but is necessary to identify the failure perfectly. Sometimes only pattern is not enough to take best trading decisions you may need multiple indicators to identify better entry and exit points
NYSE:AXPShort
by lauralea