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AMERICAN EXPRESS CO.
AMERICAN EXPRESS CO.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: AXP
ISIN:

AMERICAN EXPRESS CO. - 1H - Technical analysis published on 06/05/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 240.04 USD
My targets
233.51 USD (-1.52%)
230.91 USD (-2.62%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AMERICAN EXPRESS CO.. As long as you are under the resistance located at 240.04 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 233.51 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 230.91 USD as an objective. Crossing it would then enable sellers to target 229.13 USD. If the resistance 240.04 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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15 min. Daily Weekly

Additional analysis

Quotes

AMERICAN EXPRESS CO. rating 237.12 USD. The price registered a decrease of -0.06% on the session and was between 236.25 USD and 237.70 USD. This implies that the price is at +0.37% from its lowest and at -0.24% from its highest.

236.25
237.70
237.12

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of AMERICAN EXPRESS CO. in 1H shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 230.91 233.51 236.00 237.12 238.10 240.04 241.36
Change (%) -2.62% -1.52% -0.47% - +0.41% +1.23% +1.79%
Change -6.21 -3.61 -1.12 - +0.98 +2.92 +4.24
Level Minor Major Minor - Minor Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard231.05233.39235.32237.66239.59241.93243.86
Camarilla236.08236.47236.86237.25237.64238.03238.42
Woodie230.85233.29235.12237.56239.39241.83243.66
Fibonacci233.39235.02236.03237.66239.29240.30241.93


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard230.85232.75236.38238.28241.91243.81247.44
Camarilla238.48238.99239.49240.00240.51241.01241.52
Woodie231.71233.18237.24238.71242.77244.24248.30
Fibonacci232.75234.87236.17238.28240.40241.70243.81


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard216.00222.57231.28237.85246.56253.13261.84
Camarilla235.80237.20238.60240.00241.40242.80244.20
Woodie217.08223.11232.36238.39247.64253.67262.92
Fibonacci222.57228.40232.01237.85243.68247.29253.13

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 50.79
MACD (12,26,9): 0.0100
Directional Movement: 7.47
AROON (14): -21.43
DEMA (21): 237.07
Parabolic SAR (0,02-0,02-0,2): 235.03
Elder Ray (13): -0.12
Super Trend (3,10): 239.78
Zig ZAG (10): 237.35
VORTEX (21): 1.0000
Stochastique (14,3,5): 52.98
TEMA (21): 237.35
Williams %R (14): -37.56
Chande Momentum Oscillator (20): 2.06
Repulse (5,40,3): 0.7300
ROCnROLL: -1
TRIX (15,9): 0.0000
Courbe Coppock: 0.12
MA7: 237.39
MA20: 239.24
MA50: 232.07
MA100: 220.43
MAexp7: 237.13
MAexp20: 237.06
MAexp50: 237.49
MAexp100: 237.77
Price / MA7: -0.11%
Price / MA20: -0.89%
Price / MA50: +2.18%
Price / MA100: +7.57%
Price / MAexp7: +0.00%
Price / MAexp20: +0.03%
Price / MAexp50: -0.16%
Price / MAexp100: -0.27%

Quotes : - 15 min delayed data - NYSE Stocks

News


Don't forget to follow the news on AMERICAN EXPRESS CO.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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