Buy American Express | NYSE AXP | Naranj Capital

 BUY   American Express (NYSE: AXP)

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

AXP-RELATIVE STRENGTH

Relative Performance - Last 1 Year

American Express —     NYSE —

American Express (NYSE: AXP) - DAILY TECHNICAL ANALYSIS

American Express (NYSE: AXP) - Technical Analysis (Daily)
  • 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

AXP-RSI
American Express (NYSE: AXP) - Technical Analysis (RSI)
  • Current RSI of this stock is 69.40, which indicates the strength of buyers.

American Express (NYSE: AXP) - MACD

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

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 stock trading advice in USA, American Express stock price target will be USD 247 – USD 250 in the next 14-15 trading sessions.

American Express (NYSE: AXP) TRADINGVIEW POSITION UPDATE

Follow American Express (NYSE: AXP) TRADING ADVICE On Social Media

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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