$AXP with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NYSE:AXP after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 64.29%.
AXP trade ideas
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.
Sell - AXP Target around $264
Do your own analysis too.
I'm going to sell. Target $264.
@TradingAsPassion @optionsGPT
AXP American Express Company Options Ahead of EarningsIf you haven`t bought the dip on AXP:
Now analyzing the options chain and the chart patterns of AXP American Express Company prior to the earnings report this week,
I would consider purchasing the 267.5usd strike price Puts with
an expiration date of 2024-10-18,
for a premium of approximately $2.91.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
OPTIONS WATCHLIST 8/18/2024 OPTIONS WATCHLIST 8/18/2024
NASDAQ:PYPL - Stock failing to break $68.25 long term resistance for that 5th time but still holding close to it. Calls above that level for a move to $70 and higher. Stock is strong on indicator level
NYSE:IBM - On CNBC, Rob Sechan of NewEdge Wealth said IBM is a “nice combination of defensive growth and margin expansion.” calls above $194 for a move towards $200 and higher. All time highs around $206
NASDAQ:TTD - Friday Live On CNBC; Josh Brown Buys Trade Desk as stock broke $100 resistance level. Next resistance at $102.50. Looking for calls above that level. For a move towards $110 and higher.
NYSE:JPM - stock moving strong with other bank stocks as it approaches top of trendline resistance at $215. Looking for calls above that level for a move towards $220 and higher. Stock is strong on indicator level
NYSE:AXP - Another stock with strong momentum approaching all time highs at $256.24. Looking for calls above $252.5 for a move towards all time highs and above.
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.
$AXP - good entry point?Super bullish call volume on options chain.
Blood bath in market, but momentum upward.
Hammered of regression channel and is mid recovery not even half way through trading day.
Volatile for a big company. Lots of potential for swing trades.
Could hit $240 before $244, today was ugly for the market as a whole, so a lot of trades are shaking out
I see this headed back to $250 within 60 days. Trend is bullish.
not rtade advice
$AXP - fake breakout or recharge?I typically never look at stocks that have a huge run up and seem over extended on the 1 day chart.
But, the 4 hour chart clearly shows a reversal from being oversold with momentum and all key indicators pointing towards a move up.
Due to the big wick on Friday, the fib channel has opened a pathway to $260.
Unusual options activity at $260 strike price as well for august.... seems a bit premature but the range is evident and the last 3 candles on the 4 hour chart show it wants to move.
This is interesting for me as it goes for, and against, what I look for in a price target.
Then I realize, I'm against it based on feeling/judgement. The indicators point towards $260, or at least $250-$260 range.
Not trade advice.
$AXP Expected move + Delta 16 + STD1 visualized before earningsExpected move + Delta 16 + STD1 visualized before earnings.
Exp.mv for 29DTE: ±12
Exp.mv for 64DTE: ±17
Consolidated call skew on option chain,
IVR is 66, IVx avg until 64DTE is 44.5
American Express Resistance Breakout At $244.29 19.07.2024Resistance Breakout: American Express ( NYSE: AXP ) spotted at $244.29 on 4HR Chart, price currently at $249.13.
Bullish Scenario:
If breakout holds, target $258.52.
If $258.52 is breached, next target $267.32.
Bearish Scenario:
If breakout fails, expect drop to $239.36.
If $239.36 is breached, next target $235.49.
Apply risk management
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Disclaimer
does it break the dotted line by Friday or beforeThis is a classic example of being bearish for a few more days and then we go flying, either way it is at a double top, and only new records and future records keep this one going till 300
Zone to Zone trade on AXPAXP is soon to enter the 240 to 244 zone. Enter with an hourly close above 240 with 2 week expirations. Target is the 244 area. Hard stop at hourly close below 240.
American Express May Be Sneaking HigherAmerican Express broke out to record highs in January. Now after six weeks of tight price action, some traders may expect further upside.
The first pattern on today’s chart is the jump on April 19 after earnings beat estimates. AXP cleared the late-March closing high around $229 and proceeded to retest and hold that same level on May 3.
So, the current month’s low is near a previous month’s high. Has old resistance become new support?
Next you have a higher low above $234 this week.
Third, the 8-day exponential moving average (EMA) has remained above the 21-day EMA. That may reflect a bullish short-term trend.
Finally, stochastics are near an oversold condition.
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American express Setting up to buyAmerican Express Company (Amex) is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City.
Setting up for a good place to buy
Bear flag formation has been identified. Downwards now 👊Bear flag formation has been identified. Downwards now 👊
We have mapped our retracement price.
Are you shorting?
Buy American ExpressShort Term Trading Advice by Naranj Capital
Buy American Express
● Buy Range- 232 - 236
● Target- 247 - 250
● StopLoss- 227
● Potential Return- 5-6%
● Duration- 14-15 Trading Days
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.
AXP American Express Company Options Ahead of EarningsIf you haven`t bought the dip on AXP:
Then analyzing the options chain and the chart patterns of AXP American Express prior to the earnings report this week,
I would consider purchasing the 185usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $3.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AXP, THE PLATINUM CARD ISN'T ACTUALLY PLATINUMTrends and price targets marked.
Things are overextended
Potential to bounce back and catch more upside even with the overextension.
Guideline is more for backtracking, but it could potentially look something like this.
Follow trends and price targets rather than guideline, it is more to get an idea of what things could look like.
247 or so looks like a top to me especially with the trend formation
I would suggest watching a break on the lowest green support trend
and I would also suggest watching a rejection on the rejection trend.
Should we break out of rejection trend, probably 360.
Drop will be steep, but the most natural path would be the 247 drop to 80.
I would say, if you're looking to enter, wait and be patient. If there is more upside, you're not missing much. If downside is coming, there are still trend support lines that can see bounces in price, meaning, you'll likely be able to find a better entry that allows for less risk.
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.
AXP DOWN.As always, thank you for watching my charts and listening to my bias on this stock. I pray you and your family have a wonderful and blessed rest of your Christmas!
Here Are 2 Examples of Hourly Bear FlagsWith most equity markets soaring, there are only a few stocks I watch that have one hour bear flags. Here are 2 of them.
