The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
TA Search
Monthly Price vs. Fibonacci:Near 61.8% retracement level
Number of records: 4
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Stock Market Trend Analysis and Technical Indicators Scanner.
technical analysis,screen stochastic,moving average trading system, trading indicator,technical analysis stock screen, macd convergence divergence, technical indicator macd,technical investment analysis,trading indicator,stochastics, bulls, bears, bullish, bearish, market, stock market
Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

Advanced TA Search

Archive
- 3/15/2024 -
Sign In to see current Signals.

American Express (AXP) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
Daily :Broken trend support lineThe price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the American Express (AXP). During the week, the AXP dropped -4.91 points, or -2.20%, and closed at 218.46 on Friday, March 15, 2024. It was the worst weekly loss since January 12, 2024. Weekly volume was -16% below average.

AXP is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AXP long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 130.65 and reached 224.90 on March 8, 2024. AXP gained -94.25 points, or -72.14%, in 73 weeks. The price is now at the 6.83% retracement level.

Medium-term trend: [See AXP medium-term trend chart]
A medium-term uptrend had started on October 23, 2023 at 140.91 and reached 224.90 on March 8, 2024. AXP gained -83.99 points, or -59.61%, in 19 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 206.73 and resistance is at 220.49. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See AXP weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See AXP short-term trend chart]
A short-term uptrend had started on January 18, 2024 at 177.81 and reached 224.90 on March 8, 2024. AXP gained -47.09 points, or -26.48%, in 50 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (219.98) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Daily Technical Indicators: [See AXP daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since February 16, 2024.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.48
Williams' Percentage Range (W%R) 24.80
Lane's Stochastic (%D-Slow) 54.62
Greed/Fear Indicator (GFI) 61.10
Moving Average Converg./Diverg. (MACD) 5.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.85
Overbought
Williams' Percentage Range (W%R) 4.70
Strong Overbought
Lane's Stochastic (%D-Slow) 94.96
Strong Overbought
Greed/Fear Indicator (GFI) 85.59
Overbought
Moving Average Converg./Diverg. (MACD) 10.84
Trading Signals
Description Value Chart
Weekly Trendline Resistance 225.92
Parabolic System 224.42
Upper Bollinger Band 224.21
Weekly Stochastic Crossing 222.69
Daily Stochastic Crossing 221.57
Monthly Trendline Resistance 220.49
Weekly Trendline Support 219.98
Price 218.46
20 Day Moving Average 218.12
Lower Bollinger Band 209.80
Monthly Trendline Support 206.73
50 Day Moving Average 204.85
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Consumer Finance 113
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 224.29
High Date 03/14/2024
Low 217.22
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 225.92
Support 219.98
Low 177.81
Low Date 01/18/2024
High 224.90
High Date 03/08/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 220.49
Support 206.73
Low 140.91
Low Date 10/23/2023
High 224.90
High Date 03/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 130.65
Low Date 10/13/2022
High 224.90
High Date 03/08/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.27
Low Date 02/11/2016
High 224.90
High Date 03/08/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.