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American_express

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
American Express is about to join the trend of large selloff.More sell signals on the daily chart. This time there were many over the past few days for American Express. I was hesitant to call this one a sell after its activity on Friday, but the historical statistics agreed there is plenty more downside. This downside coupled with multiple agreements throughout the rest of the U.S. overbought markets further helped convince me the SELL signals from Friday's close are still valid. I have plotted all of the potential delays to the actual sell off followed by the potential target bottoms. All of these targets and days are based off of historical median and average price action when each signal triggers a SELL on the Daily chart. I received many major SELLs on Friday which is quite the confluence of future activities. I selected NOK, CAT, and AXP as there was a large amount of agreement across the timeframes. Last week was rough and preceded by a bearish MACD cross on the S&P 500 index. All of these signals taken together could spell a 20% correction in the near future. I can understand parallel sell signals in the defense and industrial equipment sectors, but the inclusion of AXP makes me think the market is about to get dropped quite a few pegs. Based on our more recent 5-10-20% drops, this one could be quick and preceded by the same unorthodox recoveries. The historical figures and reasons for each target are posted as always on my website in the signature block. Feel free to follow as we post new articles nearly everyday.
NYSE:AXPShort
by StockSignaler
3
AXP - buy support zones analysisHello traders, Description of the analysis: American Express co. (AXP) support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
NYSE:AXPLong
by Jacob_Kovarik
American Express suggests continuation of downtrendThanks for viewing, I'll give my technical and fundamental view briefly; Technical; - After the sharp drop from February highs AMEX has under-performed the market - dipping ~51%, - This compares to an over 80% drop in 2009, - The dip was followed by the formation of a rising wedge, which normally indicates continuation of the trend preceding the pattern (which is down), - Elliot Wave seems to also suggest continuation - with wave (5) down possible, - The 55 EMA showing resistance, - I see potential support below at $60, $57, and the $50 - but if the stock equals its 2008-9 drop in % terms we are looking at sub-$25. Fundamental; - Credit Card (and charge card) Companies have a licence to print money, all payments made on credit expand the monetary supply (inflationary) - until debt is extinguished (deflationary). Over the past 10 years, they have been able to borrow at negative real rates and pocket the spread. But when the economy turns down, these Companies are hit hard by defaults, - Even in good times, retailers balk at being charged 6% per charge card transaction, - What are air miles gained on transactions worth these days when no-one is flying?, - From the last recession, I read one consumer credit exec talking about the increase in defaults in terms of MULTIPLES of the rise in unemployment www.forbes.com). They didn't say what multiple, but If the multiple is just 1, then the default rate (which would impact shadow banking, consumer credit, and unsecured lenders first and worst) could jump to 20-25% of all outstanding debt balances (pre-crisis unemployment below 4% and estimated to exceed 30% by Goldman Sachs). Even a 1.5 multiple would yield 35% default rates. Who knows how things will shake out, - It will all depend on the underwriting standards over the past few years, if newly signed-up customers are among the most credit-worthy, then things won't be so bad (data suggests that default rates even among CC customers with FICO scores above 740 have tripled recently www.forbes.com). If, when times were good cards were sent to anyone with a pulse then things won't be as great, - The Fed is buying distressed ABS and MBS securities, apparently without regard for the creditworthiness of the underlying security, it is feasible that all this credit card debt packaged up and sold as an asset backed security has/will be been sold to the Fed at 100 cents on the dollar as it started to show signs of rising defaults in the underlying assets. This is a positive factors for the Company - I have doubts if it is positive for the economy down the line, - CC Companies are offering repayment holidays - possibly in part to defer incurring defaults - this will of course impact on profitability. - It all depends how you see this crisis - as being better or worse than 2008-9. My view is that this is many times worse, but that is just me. There are many reasons to expect higher defaults as compared to 2008-9 in an economy that has stopped on a dime, - Today's dividend yield of 1.79% seems insufficient to compensate investors for the higher risk associated with holding equities - considering the stock is down over 30% from Feb highs. This is my view in general as well, a lot of stocks are "growth" stocks, which do not pay (in my view) a high enough risk-adjusted dividend to be worth owning. This is all gravy when the stock is rising, but when the dividend is below inflation AND the stock is losing value, there is less incentive for an investor to hold firm. If you combine this with a tendency of this stock to significantly underperform the market in recessions then you understand the basis for my bearish view. So, overall, this stock rides high when times are good and has a history of being impacted more than the average. I don't see why that wouldn't still apply. Cheers, and protect those funds
NYSE:AXPShort
by flyinkiwi10
2
American Express set to challenge 2014 highMonthly Buy trigger set at 76.38. Price has closed and held but still can't break up over 80.69 resistance set Jan 2015. Weekly Most recent buy trigger was set at 78.41 with resistance from August 2016 at 80.91. Bottom Line: Price needs to close above 80.91 week of June 11th 2017 with follow-thru. Should price action follow this scenario then next resistance levels will be 87.54 from monthly chart and then 93.02/.04 from both the weekly and monthly charts
NYSE:AXPLong
by mxb1961
American Express Looking For Bearish Gap FillOn May 3, 2017, American Express Company crossed below its 50 day moving average (DMA). Historically this has occurred 406 times and the stock does not always drop. The median drop is 4.538% and maximum drop is 45.566% over the next 20 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 50.4969. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock has been slightly volatile. It is currently trending down since the recent post-earnings gap up. The stock can continue to go down with less volatile price swings. The true strength index (TSI) is currently 2.3520. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock was trending down, but has recently turned upward. This indicator is typically delayed so the bend upward is not always indicative of further upward movement. The positive vortex indicator (VI) is at 0.9408 and the negative is at 0.8340. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock has been neutral since the post-earnings gap up. With both indicators below 1, anything can happen. The stochastic oscillator K value is 57.5145 and D value is 69.9118. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock exited overbought territory and should continue to decline. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be pointing down. Based on historical movement compared to current levels and the current position, the stock could drop at least 2.70% over the next 20 trading days.
NYSE:AXPShort
by StockSignaler
AMERICAN EXPRESS with conservative SetUp68.10 Yearly High 2016 @ 1st Trading Day this Year 64.04 100 SMA 62.69 200 SMA 62.33 low after break out of trading box 61.25 gap - while the sell off @ start of the year 58.85 gap - while the sell off @ start of the year buying trading capability above the trading range (58.85 & 61.25) - the lows in may and june/july supported the upside (even above 62.33) too. Take care & analyzed it again - it`s always your choice ... Best regards 4XSetUps
NYSE:AXPLong
by Devise2Day
AMERICAN EXPRESS @ 15 min. @ this week, next week into ChristmasBreakOut yeasterday - earlier as excepted ... I personally thought the market will breath out before ECM Mario today & FOMC Yellen next week and rise after both meetings into christmas - even into year end 2016. How ever, Independently of the central bank decissions it seems that the technical outbreak has been successful ... 74.18 - 73.05 AXP grey box (price zone incl. next week - above last OuBreak) 73.05 - 72.65 AXP green box (superordinate price zone - after last OutBreak) 72.67 - 71.18 AXP yellow box (actuallity price zone this week - under last OutBreak) Don`t jumpt behind the prices, like a missed bus. We`ll see prices between 73 & 74 AXP surely next week. And from this point of view, even based on this conclusions, i am still prefering the long side. But even conservative - contrarian buying opportubnities - cause the fundamentals are strong also. And this means, at least my opinion, buying the dips into christmas and year end. `Cause the high of 2016 was by 68.11 AXP and this was the 1st price 2016 - even opening price`16. All in all around 10% in 2016 should not make the market euphoric - like the whole financial and banking sector. `Cause we, all market particpants (traders, watchers, analysts, etc. etc.) have the so called crises since 2008 still not surpassed. At least price technically - even far away from new highs like JPM Morgan for example ... Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
NYSE:AXPLong
by Devise2Day
AMERICAN EXPRESS @ 30 min. Chart @ Outbreak still shiftedactuallity basic downside trendline 66.71 (08.09.16) start of the actuallity downside trendline 66.09 (12.09.16) end of the actuallity downside trendline 63.90 (23.09.16) where the extended trendline was on last trading day 63.85 (23.09.16) Friday (last trading) Closed 66.09 (12.09.16) based on actuallity downside trendline (end of the actuallity down side trendline) 64.13 (05.08.16) based on actuallity downside trendline (1st low of trading range in an higher broader trading zone) 65.08 (22.09.16) 1st target after false breakOUT of the actuallity downside trendline trading range in an higher broader trading zone 66.28 (23.08.16) 3rd high of trading range in an higher broader trading zone 66.25 (08.08.16) 2nd high of trading range in an higher broader trading zone 66.09 (12.09.16) 1st high of trading range in an higher broader trading zone 64.13 (05.08.16) 1st low of trading range in an higher broader trading zone 64.41 (16.08.16) 3rd low of trading range in an higher broader trading zone 64.52 (08.08.16) 2nd low of trading range in an higher broader trading zone 64.57 (09.09.16) 4th low of trading range in an higher broader trading zone 63.85 (23.09.16) Friday (last trading) Closed higher broader trading zone 66.70 (08.09.16) 3rd high of the higher broader trading zone 67.33 (21.04.16) 1st high of the higher broader trading zone 66.58 (07.06.16) 2nd high of the higher broader trading zone 63.85 (23.09.16) Friday (last trading) Closed 63.16 (16.09.16) 3rd low of the higher broader trading zone 63.18 (02.08.16) 2nd low of the higher broader trading zone 62.88 (21.07.16) 1st low of the higher broader trading zone high of the higher broader trading zone 63.96 (23.09.16) 100 Daily SMA 63.85 (23.09.16) Friday (last trading) Closed 63.41 (18.08.16) Golden Cross BUYING Signal 62.51 (23.09.16) 200 Daily SMA 63.38 (20.06.16) high before BreakDOWN & trend-reversal-formation 63.27 (23.06.16) high before BreakDOWN & trend-reversal-formation 62.30 (19.05.16) low before a trend-reversal-formation was created (while june & july) Take care & analyzed it again - it`s always your choice ... Best regards 4XSetUps
NYSE:AXPLong
by Devise2Day