AMERICAN EXPRESS CO. - 1H - Technical analysis published on 05/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 239.12 USD
My targets
235.18 USD (-0.80%)
229.13 USD (-3.35%)
My analysis
There is a bearish trend on AMERICAN EXPRESS CO. both at the basic level and in the short term. A sale could be considered, so long as the price remains below 239.12 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 235.18 USD. Then the price could move towards 229.13 USD. Then 221.45 USD by extension. Be careful, a return to above the resistance 239.12 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AMERICAN EXPRESS CO. rating 237.07 USD. The price registered a decrease of -0.08% on the session and was traded between 234.66 USD and 237.66 USD over the period. The price is currently at +1.03% from its lowest and -0.25% from its highest.234.66
237.66
237.07
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AMERICAN EXPRESS CO.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AMERICAN EXPRESS CO. chart shows a bearish trend. The signals given by moving averages are at 75.00% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 221.45 | 229.13 | 235.18 | 237.07 | 239.12 | 243.51 |
| Change (%) | -6.59% | -3.35% | -0.80% | - | +0.86% | +2.72% |
| Change | -15.62 | -7.94 | -1.89 | - | +2.05 | +6.44 |
| Level | Minor | Major | Major | - | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 233.34 | 234.61 | 235.93 | 237.20 | 238.52 | 239.79 | 241.11 |
| Camarilla | 236.54 | 236.78 | 237.01 | 237.25 | 237.49 | 237.73 | 237.96 |
| Woodie | 233.37 | 234.62 | 235.96 | 237.21 | 238.55 | 239.80 | 241.14 |
| Fibonacci | 234.61 | 235.60 | 236.21 | 237.20 | 238.19 | 238.80 | 239.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 224.77 | 229.95 | 234.06 | 239.24 | 243.35 | 248.53 | 252.64 |
| Camarilla | 235.63 | 236.48 | 237.33 | 238.18 | 239.03 | 239.88 | 240.74 |
| Woodie | 224.25 | 229.68 | 233.54 | 238.97 | 242.83 | 248.26 | 252.12 |
| Fibonacci | 229.95 | 233.50 | 235.69 | 239.24 | 242.79 | 244.98 | 248.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 192.80 | 203.66 | 218.84 | 229.70 | 244.88 | 255.74 | 270.92 |
| Camarilla | 226.87 | 229.26 | 231.64 | 234.03 | 236.42 | 238.80 | 241.19 |
| Woodie | 194.97 | 204.74 | 221.01 | 230.78 | 247.05 | 256.82 | 273.09 |
| Fibonacci | 203.66 | 213.60 | 219.75 | 229.70 | 239.64 | 245.79 | 255.74 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.86 | |
| MACD (12,26,9): | -0.8500 | |
| Directional Movement: | -15.64 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 236.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 237.74 | |
| Elder Ray (13): | -0.34 | |
| Super Trend (3,10): | 239.64 | |
| Zig ZAG (10): | 236.61 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 40.70 | |
| TEMA (21): | 236.29 | |
| Williams %R (14): | -58.60 | |
| Chande Momentum Oscillator (20): | -1.54 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 1.24 |
| MA7: | 239.03 | |
| MA20: | 238.02 | |
| MA50: | 230.86 | |
| MA100: | 217.87 | |
| MAexp7: | 236.88 | |
| MAexp20: | 237.55 | |
| MAexp50: | 238.86 | |
| MAexp100: | 238.51 | |
| Price / MA7: | -0.82% | |
| Price / MA20: | -0.40% | |
| Price / MA50: | +2.69% | |
| Price / MA100: | +8.81% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.75% | |
| Price / MAexp100: | -0.60% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on AMERICAN EXPRESS CO. at the time of the analysis were as follows:
- HQ Announces Integration With American Express for an Enhanced Ride Payment Experience
- CLEAR AND AMERICAN EXPRESS RENEW PARTNERSHIP TO PROVIDE PREMIUM TRAVEL EXPERIENCES AT AIRPORTS TO CARD MEMBERS
- Evolve Bank & Trust Partners With Neon Money Club to Launch the Cream Card on the American Express Network
-
Look ahead: UK and German consumer confidence; BOJ minutes; Core PCE; American Express
- Thinking about trading options or stock in MDC Holdings, Applied Digital, Toll Brothers, Netflix, or American Express?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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