Buy American Express | NYSE – AXP | Short Term Trading Advice | Finance Sector | 30th Apr 2024 | Expected Gain 5% – 6%

Stock Market
NYSE, United States of America

Stoploss reached. Trade closed.

29 days
11 Jun 2024
30 Apr 2024
Loss per
100,000 USD
29 days
-2,155
Stop-loss
11 Jun 2024
227
Buy Advice
30 Apr 2024
232 – 236
Target 1
247
Target 2
250
Profit per
100,000 USD
-2,155
227
232 – 236
247
250
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • American Express
  • 232 – 236
  • 247 – 250
  • Below 227
  • 5% – 6%
  • 14 - 15 Days
  • Buy American Express
  • Buy
    Range
    232 – 236
  • Target 247 – 250
  • Stoploss Below 227
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    American Express (NYSE: AXP) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • AXP
  • American Express
  • Financial Services
  • 240.55
  • 141.025
  • NYSE code AXP
  • Stock Name American Express
  • Sector Financial Services
  • 52 Weeks High 240.55
  • 52 Weeks Low 141.025
  • Company profile

    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.

  • American Express (NYSE: AXP) vs NYSE - Relative Strength Comparison

    The image compares American Express's 1-year performance to NYSE.
    Relative Performance - Last 1 Year
    AXP —   NYSE —

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

    American Express - Technical Analysis chart on Daily Price and Volume
    American Express - Technical Analysis chart on Daily Price and Volume

    • 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 Indicator

    American Express stock analysis based on RSI Indicator
    American Express - RSI Indicator

    • Current RSI of this stock is 69.40, which indicates the strength of buyers.

  • American Express (NYSE: AXP) - ADX & DI Indicator

    American Express stock analysis based on ADX & DI Indicator
    American Express - ADX & DI Indicator

    • 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.

  • American Express (NYSE: AXP) - MACD Indicator

    American Express stock analysis based on MACD Indicator
    American Express - MACD Indicator

    • 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.

  • Conclusion - American Express (NYSE: AXP) Stock Price Forecast

    Based on our swing stock trading calls USA, American Express stock price target will be USD 247 - USD 250 in the next 14-15 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website