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AXP

AXP | SHORTNYSE:AXP Technical Analysis of American Express (AXP) Key Observations: Current Price Action: Price: $232.28 Recent Drop: -16.40 (-6.59%) Support and Resistance Levels: Immediate Support: $227.69 (Target Price 1) Further Supports: $219.31 (Target Price 2), $200.36 (Target Price 3), and $186.49 (Target Price 4) Resistance: The price broke below a previous support level at around $244.51. Trendlines: The upward trendline has been broken, indicating a potential shift from a bullish to a bearish trend. Relative Strength Index (RSI): Current RSI: 51.36 The RSI shows a recent decline, approaching a neutral level, indicating that the stock is neither overbought nor oversold. Target Prices: Target Price 1: $227.69 This level is the immediate support and a potential first target for any continued downward movement. Target Price 2: $219.31 If the price breaks below the immediate support, the next target is around $219.31, a previous support level. Target Price 3: $200.36 Further downside could see the price reaching $200.36, a significant psychological and technical support level. Target Price 4: $186.49 In a more bearish scenario, the price could fall to $186.49, another key support level. Summary: American Express (AXP) has experienced a significant drop, breaking below a key support level and its upward trendline. The next levels to watch are $227.69, $219.31, $200.36, and $186.49. The RSI is neutral, suggesting the potential for further declines if market conditions remain negative.
NYSE:AXPShort
by shkspr
AMEX AXP THE PLATINUM CARD STILL ISNT REAL PLATINUM I recently saw another post about credit card companies, I'll link it when I find it again. Either way, it got me looking at amex again. Specifically this potential movement to the upside which takes price to around $345 Because of the alignment of trends and date of earnings, there is a chance, small, but something I've seen before in different ways, which from technicals for whatever reason allows the price to make a move to the upside like this, and generally what occurs after is a drop, which honestly tracks with other things I see in the market at times. Long term, it's hard not to see growth from a technical view, fundamentals will be best viewed on the trader's post I mentioned first, which I'll link. I've been a customer at amex for years, and I can't really say I'm not a fan because the company from the viewpoint of me, as a customer, is well run. Internally, idk, maybe it's a total mess, but the reason I like this company long term is I've seen great service for nearly a decade AND I have a hope that it not only continues, but gets better and better. Summary, Interesting setup for trading here. pay attention carefully as earnings makes things happen quickly. things can change. I know that I don't know, do you. Is amex long term, I like it. Does it fit into your portfolio, literally ask a financial advisor, they aren't dumb and can tell you why and why not. A movement such as drawn and not to be used in most cases other than to visibly see how it can swing price and still maintain a somewhat stable price through a correction, which ultimately makes the stock price a better long term investment and I'd guess that others probably view it in similar ways, especially when you look at the investment style of major investors. I say it a lot, but also, meta made this same movement in less than a year. Support does come around 200. 84, should it happen, I'd suggest seeing market conditions at that time, but ultimately seems like a steal.
NYSE:AXPLong
by nicktussing77
American Express Surges 4.33% on Earnings BeatAmerican Express, a leading financial services corporation, has released its first-quarter results for the year 2021. The company has outperformed the analyst estimates with higher-than-expected revenue, net income, and diluted earnings per share (EPS). The company's net interest income has also been higher than anticipated, thereby avoiding the fate of several other financial firms. American Express has reaffirmed its full-year guidance for fiscal 2024, projecting significant growth in year-over-year revenue and EPS. The company has projected revenue growth of 9% to 11% and EPS of $12.65 to $13.15 for 2024. The company's revenue of $15.8 billion in Q1 2021 has exceeded the consensus analyst estimates compiled by Visible Alpha, which was $15.76 billion. The net income of $2.44 billion and diluted EPS of $3.33 have also surpassed the estimates of $2.17 billion and $2.96 per share, respectively. American Express has reported $3.77 billion of profit in the net interest income metric, which is higher than the market expectation of $3.66 billion. The company's CEO, Stephen Squeri, has attributed the success to the company's ability to attract high-spending, high-credit-quality customers to the franchise. The company has seen strong demand from millennial and Gen Z consumers, who accounted for over 60% of new consumer account acquisitions globally. The company's shares initially fell 2% in pre-market trading following the earnings report's release before reversing course. The stock has gained about 20% so far this year and is currently up more than 3% at $224.48 as of 10:17 a.m. ET. Last month, American Express ( NYSE:AXP ) announced an increase in its quarterly dividend to 70 cents per share, up from the previous mark of 60 cents. In conclusion, American Express ( NYSE:AXP ) has exceeded the market's expectations with its Q1 2021 results and reaffirmed its full-year growth guidance for 2024. The company's ability to attract high-spending, high-credit-quality customers and strong demand from millennial and Gen Z consumers suggests a promising future for the corporation.
NYSE:AXPLong
by DEXWireNews
American Express Q4 Earnings Report: Navigating Challenges American Express (NYSE: NYSE:AXP ) recently released its fourth-quarter earnings report, showcasing a mix of positive and challenging developments. While the financial giant reported solid earnings growth and increased quarterly dividends, concerns have surfaced regarding a notable uptick in net write-offs. This article delves into the key aspects of American Express' Q4 performance, providing a comprehensive analysis of the company's financial health, dividend strategy, and market response. Earnings Performance: In the fourth quarter of 2023, American Express ( NYSE:AXP ) reported net income of $1.9 billion, a substantial increase from the year-ago figure of $1.6 billion. The per-share earnings also demonstrated growth, rising from $2.07 to $2.62. Despite these positive strides, the reported earnings fell slightly short of Street estimates, with the consensus expecting $2.64 per share. Provisions for Credit Losses: A notable concern in the report was the 40% annualized increase in provisions for credit losses, totaling $1.4 billion. This suggests a continued rise in net write-offs, indicating potential challenges in managing credit risk. The increase in credit loss provisions has raised eyebrows among investors and analysts alike, prompting a closer examination of the company's risk management strategies. Dividend Increase: American Express ( NYSE:AXP ) sought to balance concerns about credit losses by announcing a 17% increase in its quarterly dividend, now set at 70 cents per share. This move is aimed at rewarding shareholders and instilling confidence in the company's financial stability. The stock market responded positively to this news, with NYSE:AXP experiencing an uptick of close to 40% from its low in late October. Revenue and Expenses: The Q4 report revealed consolidated total revenues net of interest expense at $15.8 billion, reflecting an 11% increase from the previous year. The growth was primarily driven by higher net interest income and increased Card Member spending. However, expenses also rose by 5%, reaching $11.9 billion, attributed to higher customer engagement costs and other factors. Segment-wise Analysis: Breaking down the performance by business segments, U.S. Consumer Services reported a pretax income increase, but provisions for credit losses also surged. Commercial Services and International Card Services showed mixed results, with varying impacts on credit losses and expenses. Global Merchant and Network Services reported positive growth in pretax income and revenues, while Corporate and Other faced a pretax loss. Future Outlook: Despite the challenges reflected in the Q4 report, American Express ( NYSE:AXP ) remains optimistic about its future. The company forecasts up to 11% annualized growth in revenue and anticipates per-share earnings in the range of $12.65 to $13.15 for Q4. This outlook exceeds analyst expectations, with consensus estimates at $12.38 per share. Conclusion: American Express' ( NYSE:AXP ) Q4 earnings report paints a nuanced picture of the company's performance. While grappling with increased credit losses, the strategic move to boost dividends showcases management's commitment to shareholder value. Investors are likely to closely monitor how American Express ( NYSE:AXP ) addresses the challenges highlighted in the report and executes its growth plans in the coming quarters.
NYSE:AXPLong
by DEXWireNews
American Express ($APX): Elliott Waves Analysis and Sell SetupThe American Express ($AXP) Main Trend is absolutely bullish, therefore we currently consider all descents as simple corrective structures of the trend in play. But why am I saying that? Because when you decide to take a position not following the trend, the risk is high, so logic tells us to use a smaller size, at least initially (...there's always time to increase it!). Having said that, the strategy I want to share with you is very simple: "Try to take a short position on breakout" , with stop loss above the previous swing (don't look at the levels on the chart, they are only indicative at the moment). Of course, a second option (yellow arrow) is also possible, but to do this you would need to be a little more expert. The potential target areas are the first around 119.50 and the second around 106.50 (my favorite). Looking at the chart above (daily time frame) we can see how the potential short trade also has a good Risk/Reward ratio, and this makes this trade interesting. I also take the opportunity to thank every Trader who supported me in the last setups on Stocks Market: $AMAZON BULLISH SETUP (Click and Play on Chart below) $TESLA BEARISH SETUP (Click and Play on Chart below) Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Support my idea for next updates below 🚀
NYSE:AXPShort
by TheAnonymousBanker
3
AMERICAN EXPRESS C- BEARISH SCENARIOOver the past year, many American Express Company insiders sold a significant stake in the company. The biggest single sale by an insider was when the Chairman & CEO, Stephen Squeri, sold US$8.6m worth of shares. Not only that but the company`s local unit in Australia (AmEx) was taken by the Australian securities regulator for a misleading credit card program. The expectations are for a breakout of the local trend and a continuation of the major downtrend. Price target $132 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:AXPShort
by legacyFXofficial
Short term bullish on American Express. AXPWe 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. Confirmation level, where relevant, is a pink dotted, finite line. 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:AXPLong
by Rykin_Capital
Buy signal on weekly chart for $MSGEMadison Square Gardens Entertainment has upcoming earnings on August 19th. With the data provided by AXP travel & entertainment spending are up as spending has shifted from goods to experiences, entertainment, and services. This is exemplified in what retailers are reporting. And I think this will be positive for MSGE. Currently, the middle and upper classes are doing fairly well while the lower class is suffering from the regressive tax of inflation, which is unfortunate. Those with disposable income and better economic situations are more likely to be MSGE customers boding for a good quarter and less risk from demand destruction. MSGE is trading above its 52-week lows at 0.5629 its book value, providing tremendous value and a good risk-reward ratio. Its EBITDA and EBIT have gone from negative previously to positive in the past two quarters. Gross profit has turned positive for the past 4 quarters and net income has been improving over the past 3 quarters. Anytime the K% crosses the D% on the Stoch RSI around the level of 1.73, MSGE goes for a decent rally. If you average the two past rallies (MSGE has a short trading history) from the week the bullish Stoch RSI cross happened to a relative peak, it's a 59.47% move that could be implied over the next 6-12 months. It has significant resistance at the $68.06 level. It recently broke out through a downtrend line that started in mid-April. It is still in a downtrend, but it seems the prudent thing to do would be to create 1/3 to 1/4 of a full position in the stock now and buy the next tranche upon a higher low or higher high. I have a price target of $81 on it by the end of the year. That's roughly 40% upside from here. The highest PT on the street for MSGE is $100, the lowest is $63, and the average is $82.83.
NYSE:MSGELong
by EBITDAtiger
AXP - FUNCHARTS - American Express MusingsNote: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. So much for stock selection, American Express ( AXP ) was the first stock on my list, even above AAPL , and here I was thinking my list was in Alphabetical order, of which my offsider will be quick to point out that I should be using a Mac, not a PC... moving on, What is the best way to trade American Express based on the Technical numbers? There are two tests I run to determine the best way to trade. Firstly let's run the numbers on long term trends. I used the Supertrend Strategy for this. Adjust the inputs so we use a length of 50, thus smoothing out the ATR volatility and then use an ATR value of 6. In layman's terms this means we are running a 6 x ATR (chandelier) trailing stop. When price closes below the trailing the test generates results for entering short trades, and when price closes above the trailing stop the test generates results for long trades. Refer to the performance report below (and be aware there is a drop down menu on the strategy name to flick between the longer term trend following system and the shorter term mean reversion system). Also, make sure you view the Performance Summary, not Overview, we are specifically looking at the comparison between long and short trades. The first test - Taking Long Trades in line with the trend (when price is above the blue line) made money, 274% to be exact with profitable trades 38% of the time, meaning the win:loss ratio at 2.67 had to be favourable, which it was. But wait going short into a down trend (selling when price is below the red line) lost big! 322% to be exact, so historically you made (slightly) more money buying the big pull backs, as opposed to the breakouts but the drawdown was bigger as you get stuck in losing trades. However, what this is really saying is more money was made from Buy and Hold on AXP (historically), as opposed to breaking the market into an uptrend/downtrend regime. The second test - Let's now look at the short term. Again we will use the Supertrend Strategy, this time we will use 3 periods for the ATR length and 1.5 as the ATR factor, thus looking at very short term trends (sub 30 days). Further I have flipped the signals so it buys into a short term downtrend and sells into a short term uptrend. Use the Performance Summary below (not Overview) to take a look at Long Trades and Short trades, the strategy name is Supertrend STRATEGY (with STRATEGY in uppercase, not lowercase). Here buying the dips made money but not much winning 66% of trades with a profit factor of 1.18 (low) so buying short term dips was sub optimal. Looking at selling short term rallies however was very poor, you lost money. If you went short a rally (in the short term, when the close crossed above the supertrend trailing stop and exiting when it crossed below) the resulting loss was 147%. It therefore made more sense to enter long AXP in line with the short term trend, as opposed to entering early and buying the dip. Nonetheless, the result in the short term wasn't staggering either trading either long or short. Given the results were not great on a daily chart either way, I changed the chart to a weekly chart, after all, if you are following so far, you would have seen that AXP was (slightly) better as a countertrend strategy in the longer term. Running the same strategy as in the second test on a weekly graph the results improve significantly, going long on a dip made 172%, winning 82% of the time. That is a great setup, in fact pretty good as a stand along trade. But if you want to run stops and manage risk, rather than being stuck in losing trades for a long term, you could use the week chart as a setup, and then enter in line with the short term trend on a daily chart using the second tests strategy above... Overall the conclusion is you should use a mean reversion strategy (buy the dips) on American Express with a weekly chart, but use a shorter term trend following system to trade it on a daily chart . Where are we now? Well it just so happens that on a weekly time frame the stock is in buy territory according the the Supertrend STRATEGY and on a daily chart is pretty close to a short term uptrend... Did this make sense, let me know if you have any questions!
NYSE:AXPLong
by andrew.gibbs777
American Express (NYSE: $AXP) Back @ 2020 Price Levels! 🤑American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company's products and services also comprise merchant acquisition and processing, servicing and settlement, point-of-sale marketing, and information products and services for merchants; and fraud prevention services, as well as the design and operation of customer loyalty programs. It sells its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, third-party vendors and business partners, direct mail, telephone, in-house sales teams, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York.
NYSE:AXPLong
by Bullishcharts
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