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S&P 500 Overbought StocksArchive
- 12/13/2024 -
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American Express (AXP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the American Express (AXP). During the week, the AXP gave back -1.89 points, or -0.62%, and closed at 302.10 on Friday, December 13, 2024. It was the worst weekly loss since October 25, 2024. Weekly volume was -27% 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 307.80 on November 27, 2024. AXP gained -177.15 points, or -135.59%, in 110 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (156.97) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.
 Medium-term trend: [See AXP medium-term trend chart]
A medium-term uptrend had started on October 23, 2023 at 140.91 and reached 307.80 on November 27, 2024. AXP gained -166.89 points, or -118.44%, in 57 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (285.90) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See AXP weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 September 13, 2024. This is an indication that the medium-term trend is up. 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 October 25, 2024 at 266.43 and reached 307.80 on November 27, 2024. AXP gained -41.37 points, or -15.53%, in 33 days. The chart has formed a Rising Channel chart pattern.
 Daily Technical Indicators: [See AXP daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financials |
11 |
| Industry |
Consumer Finance |
112 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Low |
266.43 |
| Low Date |
10/25/2024 |
| High |
307.80 |
| High Date |
11/27/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
220.74 |
| Low Date |
06/13/2024 |
| High |
307.80 |
| High Date |
11/27/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Resistance |
| Resistance |
297.22 |
| Support |
285.90 |
| Low |
140.91 |
| Low Date |
10/23/2023 |
| High |
307.80 |
| High Date |
11/27/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
167.54 |
| Support |
156.97 |
| Low |
130.65 |
| Low Date |
10/13/2022 |
| High |
307.80 |
| High Date |
11/27/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
50.27 |
| Low Date |
02/11/2016 |
| High |
307.80 |
| High Date |
11/27/2024 |
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