American Express (NYSE: AXP) STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 232 – 236 |
| Target | 247 – 250 |
| StopLoss* | below 227 |
| Duration | 14-15 Trading Days |
| Potential Returns | 5% – 6% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 232 – 236 | 247 – 250 | below 227 | 14-15 Trading Days | 5% – 6% |
* Once the first target hit, reset the StopLoss at your buying price.
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American Express (NYSE: AXP) STOCK OVERVIEW
American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services. The company’s products and services include credit card, charge card, banking, and other payment and financing products; network services; expense management products and services; and travel and lifestyle services. American Express Company was founded in 1850 and is headquartered in New York, New York.
| Stock Data | |
| NYSE Symbol | AXP |
| Sectoral Index | Finance: Consumer Services |
| 52 Weeks High | 240.55 |
| 52 Weeks Low | 141.025 |
American Express (NYSE: AXP) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
American Express — NYSE —
American Express (NYSE: AXP) - DAILY TECHNICAL ANALYSIS
- In the consolidation phase, price has formed a Rounding Bottom pattern.
- After the breakout of the pattern, price has given a sharp rally.
- Currently the price is trading near its All Time High.
- The overall sentiment will remain positive as long as the price sustains above the 235 level.
- With descent volume rise, it is expected that the price will continue its trend.
American Express (NYSE: AXP) - RSI
Current RSI of this stock is 69.40, which indicates the strength of buyers.
American Express (NYSE: AXP) - MACD
MACD line has crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.
American Express (NYSE: AXP) - ADX & DI
Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
CONCLUSION - American Express (NYSE: AXP) STOCK PRICE FORECAST
Based on our Swing stock trading advisor in USA, American Express stock price target will be USD 247 – USD 250 in the next 14-15 trading sessions.
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