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AMERICAN EXPRESS CO CEDEAR EACH 15 REP 1 ORD (USD)AA

AMERICAN EXPRESS CO CEDEAR EACH 15 REP 1 ORD (USD)

17.10USDD
+0.75+4.59%
As of today at 19:22 GMT
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AMERICAN EXPRESS C- BEARISH SCENARIOOver the past year, many American Express Company insiders sold a significant stake in the company. The biggest single sale by an insider was when the Chairman & CEO, Stephen Squeri, sold US$8.6m worth of shares. Not only that but the company`s local unit in Australia (AmEx) was taken by the Australian securities regulator for a misleading credit card program. The expectations are for a breakout of the local trend and a continuation of the major downtrend. Price target $132 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:AXPShort
by legacyFXofficial
Short term bullish on American Express. AXPWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NLong
by Rykin_Capital
AXP - FUNCHARTS - American Express MusingsNote: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. So much for stock selection, American Express ( AXP ) was the first stock on my list, even above AAPL , and here I was thinking my list was in Alphabetical order, of which my offsider will be quick to point out that I should be using a Mac, not a PC... moving on, What is the best way to trade American Express based on the Technical numbers? There are two tests I run to determine the best way to trade. Firstly let's run the numbers on long term trends. I used the Supertrend Strategy for this. Adjust the inputs so we use a length of 50, thus smoothing out the ATR volatility and then use an ATR value of 6. In layman's terms this means we are running a 6 x ATR (chandelier) trailing stop. When price closes below the trailing the test generates results for entering short trades, and when price closes above the trailing stop the test generates results for long trades. Refer to the performance report below (and be aware there is a drop down menu on the strategy name to flick between the longer term trend following system and the shorter term mean reversion system). Also, make sure you view the Performance Summary, not Overview, we are specifically looking at the comparison between long and short trades. The first test - Taking Long Trades in line with the trend (when price is above the blue line) made money, 274% to be exact with profitable trades 38% of the time, meaning the win:loss ratio at 2.67 had to be favourable, which it was. But wait going short into a down trend (selling when price is below the red line) lost big! 322% to be exact, so historically you made (slightly) more money buying the big pull backs, as opposed to the breakouts but the drawdown was bigger as you get stuck in losing trades. However, what this is really saying is more money was made from Buy and Hold on AXP (historically), as opposed to breaking the market into an uptrend/downtrend regime. The second test - Let's now look at the short term. Again we will use the Supertrend Strategy, this time we will use 3 periods for the ATR length and 1.5 as the ATR factor, thus looking at very short term trends (sub 30 days). Further I have flipped the signals so it buys into a short term downtrend and sells into a short term uptrend. Use the Performance Summary below (not Overview) to take a look at Long Trades and Short trades, the strategy name is Supertrend STRATEGY (with STRATEGY in uppercase, not lowercase). Here buying the dips made money but not much winning 66% of trades with a profit factor of 1.18 (low) so buying short term dips was sub optimal. Looking at selling short term rallies however was very poor, you lost money. If you went short a rally (in the short term, when the close crossed above the supertrend trailing stop and exiting when it crossed below) the resulting loss was 147%. It therefore made more sense to enter long AXP in line with the short term trend, as opposed to entering early and buying the dip. Nonetheless, the result in the short term wasn't staggering either trading either long or short. Given the results were not great on a daily chart either way, I changed the chart to a weekly chart, after all, if you are following so far, you would have seen that AXP was (slightly) better as a countertrend strategy in the longer term. Running the same strategy as in the second test on a weekly graph the results improve significantly, going long on a dip made 172%, winning 82% of the time. That is a great setup, in fact pretty good as a stand along trade. But if you want to run stops and manage risk, rather than being stuck in losing trades for a long term, you could use the week chart as a setup, and then enter in line with the short term trend on a daily chart using the second tests strategy above... Overall the conclusion is you should use a mean reversion strategy (buy the dips) on American Express with a weekly chart, but use a shorter term trend following system to trade it on a daily chart . Where are we now? Well it just so happens that on a weekly time frame the stock is in buy territory according the the Supertrend STRATEGY and on a daily chart is pretty close to a short term uptrend... Did this make sense, let me know if you have any questions!
NLong
by andrew.gibbs777
American Express (NYSE: $AXP) Back @ 2020 Price Levels! 🤑American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company's products and services also comprise merchant acquisition and processing, servicing and settlement, point-of-sale marketing, and information products and services for merchants; and fraud prevention services, as well as the design and operation of customer loyalty programs. It sells its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, third-party vendors and business partners, direct mail, telephone, in-house sales teams, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York.
NLong
by Bullishcharts
American Express Long Term Technical ViewAmerican Express Company, together with its consolidated subsidiaries (“American Express,” the “Company,” “we,” “us” or “our”), is a global services company that provides customers with access to products, insights and experiences that enrich lives and build business success. Our principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world. We were founded in 1850 as a joint stock association. We were incorporated in 1965 as a New York corporation. American Express Company and its principal operating subsidiary, American Express Travel Related Services Company, Inc. (“TRS”), are bank holding companies under the Bank Holding Company Act of 1956, as amended (the “BHC Act”), subject to supervision and examination by the Board of Governors of the Federal Reserve System (the “Federal Reserve”). Our headquarters are located in New York, New York in lower Manhattan. We also have offices in other locations throughout the world. We are principally engaged in businesses comprising four reportable operating segments: U.S. Card Services, International Card Services, Global Commercial Services and Global Network & Merchant Services, all of which are described below. Corporate functions and certain other businesses, including our Enterprise Growth Group and other operations, are included in Corporate & Other. We compete in the global payments industry with charge, credit and debit card networks, issuers and acquirers, as well as evolving alternative payment providers. As the payments industry continues to evolve, we are facing increasing competition from non-traditional players that leverage new technologies and customers’ existing accounts and relationships to create payment or other fee-based solutions. We are transforming our existing businesses and creating new products and services for the digital marketplace as we seek to enhance our customers’ digital experiences and develop platforms for online and mobile commerce.
N
by KnowledgeAndProfits
Buying signs appearing on American Express chartsAMEX(NYSE:AXP) A continued comeback in the travel business and solid buying trends among younger consumers helped American Express beat profit forecasts Friday. The company reported net income of $2.1 billion, or $2.73 per share, compared with $2.2 billion, or $2.74 per share, versus consensus of $2.40 per share. American Express AXP total revenues, +3.58 percent, were $11.74 billion, up from $9.06 billion a year ago. This was in line with analyst estimates of $11.62 billion. Amex continues to expect full-year revenue growth of 18 to 20 percent and earnings per share of $9.25 to $9.65. Lets look at the chart of American Express Company. The STRAC indicator works very well when applied to the chart of this stock. The price has recovered from its low every time it fell below the indicator for the past six times. The indicator makes trading this stock extremely easy if history repeats itself. Traders can make a good profit within 2 weeks if they were to buy the stock whenever the price breaks below the lower band. Next, there are many good indicators from Sharechart that you can use to determine the strength of the current downtrend in American Express Company stock. The lines within the Random Walk Index indicators, the Aroon indicator, the Elder Ray indicator, and the Kling Volume Oscillator indicator are all widely used. It is not just one, but four different indicators that send a common message that the downtrend is indeed overextended and thus the probability of a rebound is high. The ShareChart scanner also detected a “Double Top” looks alike chart pattern that formed from the first week of March to early May. This chart pattern looks like a “Double Top” chart pattern although it does not exactly meet all the conditions of a “Double Top” chart pattern. Nevertheless, the chart pattern is useful in determining the potential price target for the current trend. If we measure the distance between the high and the neckline of the “Double Top” chart pattern and project it down, the 100% downside target is about $154.55, as shown on the chart. This coincided with the lowest bar on the chart on 12 May 22. This is another sign that the price hit a short-term low on that day. Assuming a trader would buy this stock at the current price, he can next use ShartChart’s Fibonacci indicator to determine the next upside potential. Using the Fibonacci indicator to measure the distance between the high and low the downtrend yields a 50% retracement value of about $171, as shown on the chart. This is the immediate price target for the rebound. The next target could be around $176, which is the 61.8% Fibonacci retracement value. Next, the Sharechart “Volume Profile” indicator (VP) can be used to determine if 1.) the current price is considered oversold and 2.) the upside price target explained above is likely to be reached. First, the VP indicator shows that the value reached its lowest level on May 12 as shown by the blue horizontal line on the chart. This indicates that the price may have bottomed out on that day.Similarly, the price had bottomed and reversed trend on November 30 last year when the value of VP reached the lowest level. Secondly, the red line of VP indicator shows that the value was around $174, which means that the traded volume was the highest of the last 6 months. This should serve as a resistance level or price target in the event of a recovery. This also coincided with the 50% to 61.8% Fibonacci retracement level as explained above. If history repeats itself, a trader who buys around the current price and sells at the potential target price of about $174 could make a good profit of 15% within the next two weeks. Next, if we set the stop loss at $150, which the lowest points on the chart, we get a good risk-reward ratio of 174. A value above 100% is considered a good. Before we decide to buy the stock, let us look at recent developments at American Express. On Thursday, the company continued to raise its APR in response to the Federal Reserve raising its benchmark interest rate. With the Federal Reserve planning to gradually raise the federal funds rate through 2022, it is unlikely that this will be the last APR hike this year. American Express has also taken steps to improve security by partnering with Google to make shopping easier with an added layer of security. When using Chrome and Android Autofill. To gain market share, American Express will now allow cardholders to cancel a flight for any reason. While the world is full of uncertainty, the results are in line with the ambitious development goals we discussed earlier this year.” After the results were announced, Chief Financial Officer Jeff Campbell said he still does not think there will be a recession.
NLong
by shareandstocks
1
Symmetrical Triangle has Broken to the DownsideAXP has broken the bottom trendline of a Symmetrical triangle. Price has stopped at a prior bottom, for now. Time will tell if it holds. The 50 SMA has crossed down through the 100 but not the 200. Travel was doing well a few weeks ago. I guess almost everything is down today. Price is below the bands set on 80 and RSI reads oversold. The Cloud is not as bearish as many securities right now but price is sitting on the bottom of a green cloud which is support until broken. The Tenken (blue) has crossed down through the Kijun (red) and the Chikou (yellow) has crossed down through price a while back. Leading Span A (green) is trying to cross down through Leading Span B (red). No recommendation. There are many bearish rising wedges in this chart. Some have corrected. There is one just under 100, so price could go there and break the bottom trendline. A Rising wedge is not valid until the bottom trendline is broken.
NShort
by lauralea
AXP - could break support soonFinancial stocks have been pretty weak a while now with a few exceptions, AXP being one of the more resilient ones. It has been testing a trendline support for the 4th time in the past 4.5 months and looking like a breakdown is near (in line with the overall bearish sentiment in financial stocks). Should a close below 158 occur (ie breakdown), then the longer term target could be 132 or even 115. Howver targets are just a guide and may not may not happen. profit profits with trailing stops. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important. Take care and Good Luck!
NShort
by Juliac