AXP stock: buy or sell
Jul 29th, 2021
AXP stock brief
- After marking new all-time highs last Friday, American Express closed at $170.02 falling a -1.69%
- With the recent gains, American Express is approaching to new all-time highs again, that are now just 5.37% above the current price
- The stock is configuring an uptrend pattern since last January, when it bottomed at $111.47. Up to date, shares marked a 52.53% profit since the beginning of this rally
- American Express made public its financial report last Friday
- American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide.
Should I buy American Express stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $AXP stock a buy?
In the current situation of American Express there is not any eligible buy setup. This doesn't mean we expect a selloff for $AXP in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell American Express stock?
When you own a stock with some profit, it's really hard to decide the correct moment to sell and get your profits. Trading strategies allow us to avoid rash decisions based on our moods or the buzz that surrounds the market. When selling, as well as buying, our strategies are very easy to follow but are only applicable for selling shares you already own, not for selling short $AXP stock
As a golden rule, you should never keep a trading operation that yields losses greater than those expected at the time of purchase. When to sell shares always has to be determined by the stop-loss (automatic or manual)
Is it time to sell American Express stock?
Currently, American Express stock doesn't match any of our preferred sell setups, so if you hold American Express stock and your operation is in profit probably is not time to sell now
American Express ratings
We don't have any rating published in the previous month for American Express
American Express stock analysis
Since last January, American Express has been printing an uptrend that so far marked a gorgeous 52.53%. The price line shows higher highs and higher lows, and along the way provided some buy points for those who wanted to invest. Latest pullback was on July 19, when price bounced at $161.48. Like in all uptrends, price needs to rest and now price is consolidating the gains in a range between $179.67 and $161.48
$AXP at All-time Highs
American Express marked new all-time highs (ATH) last Friday at $179.67, and cleared the field for new highs as there are no further resistances. Previous highs were on July 7
Supports and resistances
The current resistance levels are:
The current supports are:
Relative strength index
The RSI dropped below the overbought level of 70 in early June after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Wednesday was 52.06. American Express price grew a 2.37% since RSI lost the overbought zone
American Express stock price history
American Express IPO was on Feb 21st, 1973 priced at $1.40 per share1. Since then, AXP stock surged by 12,044.29%, with an average of 250.92% per year. If you had invested $1,000USD in American Express stock on the IPO, it would worth $121,442.86 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for American Express stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts released by financial institutions in the last month. If you are a small trader you shouldn't buy or sell based on these predictions.
We don't have any target price published in the previous 4 weeks for American Express.
Earnings and financials
Last Friday, American Express ($AXP) hosted the investors event and released the report. AXP reported earnings of $2.80 per share on sales of $10.2 billion. The market estimate was $1.58 per share on revenue of $9.5 billion.Same quarter one year ago, reported EPS was $0.29, so recently reported EPS is an increase of 865.52%. Turnover skyrocketed a 77.27% on an annualized basis in the , from $61.2B to $108.5B last quarter.
AXP ($AXP) releases Q3 earnings report next October. Market forecasts of $1.73, compared to previous quarter that made $2.80.
American Express performance
|American Express ($AXP)||3.00%||10.80%||45.60%|
Please read:The opinions given in this article are personal and not recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the individual scenarios of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for educative motives only
|Wednesday, July 28th, 2021|
|Day range||$169.71 - $173.45|
|Average true range||$5.64|
|50d mov avg||$165.27|
|100d mov avg||$156.39|
|200d mov avg||$136.85|
|Earnings date||October 21st, 2021|