AXP trade ideas
AXP - Bullish?AXP shows several features that may indicate that it can move higher in the next weeks: MA compression, a range breakout and possibly a pullback to previous resistance.
American Express: The Price Reversal From ResistanceLook at the chart where the price moved out of the Bollinger Bands. I marked two good bullish signals, and the market moved upward after that. The same pattern we have now, but it is bearish.
The price is out of the Bollinger Bands, and it bounces from 126.00 resistance. RSI confirms the price reversal.
This market gives us a sell opportunity, and we should be ready to see falling to 120.00 and 112.00 support zones.
AXP - DAILY CHARTHi, today we are going to talk about American Express Co and its current landscape.
As nowadays we live in a consumerist society and access to a credit card has continually become easier to obtain, is reasonable to predict that the card debts are also going to rise too, as financial education isn't the strong point of U.S consumers, and are used to the debt culture.
The heat up U.S economy put credit card companies in a more comfortable zone as the unemployment rate remains near to historic lows, which helps customers to keep up with their bills. However, the question that worth to be raised here is, if the 90 days past due card debt is probably surging to 2.01%, the highest level since 2010 amid a heated economy, what is going to happen with this type of debt, once the U.S economy make its first downward movement of correction and make harder for customers pay their credit card bills. Even with the credit card issuers tighten their credit standards, we can't be sure it's going to be enough to avoid a crisis on the sector, which could lead to a flood of bad debt, decline of new credit card issuance and other types of liabilities. This scenario could mean concerning news for American Express if the company doesn't progressively start to deploy the proper countermeasures for this scenario.
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AXP - DAILY CHARTHi, today we are going to talk about AXP and its current landscape.
We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above.
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Thank you for reading and leave your comments if you like.
To have access to our exclusive contents, and see more of our work, join the Traders Heaven today! Link Below.
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice
AXP | 70Min | 2% stock move up potentialBacktested 40 days to see how the price reacts when MACD bull crosses upward. All stock price moves around 2%.
If this holds true on this bull cross. price is looking to hit around $122.46
Using the RSI, you can get a better entry but MACD confirms the momentum change.
Good luck
AXP Simple TANYSE:AXP looks to have broken the downtrend. It closed under the 20 day MA but is approaching support from the 50 and 200 day which should provide enough support to push it through the 20. I'm expecting this to reach 122-124.
-Please leave any feedback or constructive criticism, always trying to learn more.
AXP testing on 15 mins charttesting parameters
InitCapital = 1000000
InitPosition = 100
InitCommission = 0.075
A Simple Trading Guide to Blue Chip Stocks [symbol="NYSE:AXP"]NYHey All,
I hope everyone is flying with trading profits this year. In this video, we will go over some simple strategies for potential long term profits with the help of some simple moving day averages.
No complex graphs. No algorithms. No college degree needed.
If you have any advice for me and how I present my videos, please leave a comment down below!
American Express Long Position!Hello,
I present you my analisis on AXP, my target is somewhere around $100 market price. If the market reaches those lows I think it would be a perfect entry from a technical standpoint. Fundamentals look sharp and strong, including Warren Buffett position in this company. I have bought 25% of my stake with current price, reason for the most likely case the price doesn't reach these lows projected.
Thank You!
AXP Inside day after earnings trading plan!AXP Had quite a huge bearish mazubozu on its earning day,
and it recovered a lot yesterday to form an inside day.
I would love to trade this inside day breakout as the market is near the all time high spot,
which makes me remain bullish in the overall market,
these inside day after earning trades will be my main focus recently.
Let's see how it goes yo!
AXP long (buy) setupI usually don't trade stocks but i wanted to share this setup. Here's my long setup for $AXP.
I'm planning to go long at the beginning of the day. Risk reward is 1:2
Disclaimer: I'm not a pro trader or advisor. This is not financial advice.
Trade safe,
Atilla Yurtseven
$AXP American Express heading to All time HighAmerican Express Company AXP, +1.44% today reported third-quarter net income of $1.8 billion, up 6 percent from $1.7 billion a year ago. Diluted earnings per share was $2.08, up 11 percent from $1.88 per share a year ago.
Third-quarter consolidated total revenues net of interest expense were $11.0 billion, up 8 percent from $10.1 billion a year ago. Excluding the impact of foreign exchange rates, adjusted revenues net of interest expense grew 9 percent. The increases reflected higher Card Member spending, net interest income and card fees.
Credit indicators remained strong and consolidated provisions for losses were $879 million, up 8 percent from $817 million a year ago. The increase reflected slightly higher net write-offs and delinquencies.
Average analysts price target $132.33 | Overweight
P/E ratio 14.76
AXP Downward PressurePrice currently at SMA 200 support, but SMAs are overall putting downward pressure. Ichimoku cloud also above and turning downward. Entering short at previous support (just above current price), with a stop at the wicks. Putting target near Fib retracement and previous support line. ~3x PL risk ratio.
AXP primed to run downIt looks like this has tried to bounce twice down here but the bulls just cannot win. Below all EMAs. Stop above last weeks candle. Target 2R.
