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. - Daily - Technical analysis published on 06/14/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

11%

56%

33%

My opinion

Bearish under 242.99 USD

My targets

217.74 USD (-3.05%)

193.76 USD (-13.73%)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for AMERICAN EXPRESS CO. as long as the price remains well below 242.99 USD. The next bearish objective for sellers is set at 217.74 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 193.76 USD. In case of crossing, the next objective would be the support located at 179.04 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 217.74 USD. With this support, against the trend traders who want to buy AMERICAN EXPRESS CO. on a buy signal from their trading strategy should not hesitate to act.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

1.8

Comment on the analysis

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The AMERICAN EXPRESS CO. price is 224.59 USD. The price has increased by +1.08% since the last closing and was between 221.34 USD and 224.66 USD. This implies that the price is at +1.47% from its lowest and at -0.03% from its highest.

221.34

224.66

224.59

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of AMERICAN EXPRESS CO. indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	179.04	193.76	217.74	224.59	242.99
Change (%)	-20.28%	-13.73%	-3.05%	-	+8.19%
Change	-45.55	-30.83	-6.85	-	+18.40
Level	Major	Major	Major	-	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	217.69	219.22	220.70	222.23	223.71	225.24	226.72
Camarilla	221.36	221.64	221.91	222.19	222.47	222.74	223.02
Woodie	217.68	219.21	220.69	222.22	223.70	225.23	226.71
Fibonacci	219.22	220.37	221.08	222.23	223.38	224.09	225.24

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	219.48	225.60	229.13	235.25	238.78	244.90	248.43
Camarilla	230.02	230.90	231.79	232.67	233.56	234.44	235.32
Woodie	218.20	224.95	227.85	234.60	237.50	244.25	247.15
Fibonacci	225.60	229.28	231.56	235.25	238.93	241.21	244.90

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	216.00	222.57	231.28	237.85	246.56	253.13	261.84
Camarilla	235.80	237.20	238.60	240.00	241.40	242.80	244.20
Woodie	217.08	223.11	232.36	238.39	247.64	253.67	262.92
Fibonacci	222.57	228.40	232.01	237.85	243.68	247.29	253.13

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):	34.90
MACD (12,26,9):	-2.6900
Directional Movement:	-19.95
AROON (14):	-57.15
DEMA (21):	229.59
Parabolic SAR (0,02-0,02-0,2):	231.92
Elder Ray (13):	-7.24
Super Trend (3,10):	235.00
Zig ZAG (10):	224.27
VORTEX (21):	0.7300
Stochastique (14,3,5):	10.08
TEMA (21):	225.18
Williams %R (14):	-83.76
Chande Momentum Oscillator (20):	-11.88
Repulse (5,40,3):	-1.1000
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	9.75

MA7:	227.61
MA20:	234.74
MA50:	232.39
MA100:	223.61
MAexp7:	227.07
MAexp20:	232.00
MAexp50:	230.66
MAexp100:	220.94
Price / MA7:	-1.33%
Price / MA20:	-4.32%
Price / MA50:	-3.36%
Price / MA100:	+0.44%
Price / MAexp7:	-1.09%
Price / MAexp20:	-3.19%
Price / MAexp50:	-2.63%
Price / MAexp100:	+1.65%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on AMERICAN EXPRESS CO. at the time of the generation of this analysis was as follows:

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

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