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Consumer Finance Industry Stocks Technical Analysis - AXPArchive
- 9/27/2024 -
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American Express (AXP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third consecutive positive week for the American Express (AXP). During the week, the AXP climbed 2.07 points, or 0.77%, and closed at 271.06 on Friday, September 27, 2024. Weekly volume was -32% 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 272.64 on September 27, 2024. AXP gained -141.99 points, or -108.68%, in 102 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (154.65) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 June 13, 2024 at 220.74 and reached 272.64 on September 27, 2024. AXP gained -51.90 points, or -23.51%, in 15 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See AXP weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 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. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 August 5, 2024 at 222.03 and reached 272.64 on September 27, 2024. AXP gained -50.61 points, or -22.79%, in 53 days. Price is near the trend high.
 Daily Technical Indicators: [See AXP daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since September 13, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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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 |
9 |
| Industry |
Consumer Finance |
58 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
222.03 |
| Low Date |
08/05/2024 |
| High |
272.64 |
| High Date |
09/27/2024 |
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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 |
272.64 |
| High Date |
09/27/2024 |
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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 |
140.91 |
| Low Date |
10/23/2023 |
| High |
272.64 |
| High Date |
09/27/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
169.25 |
| Support |
154.65 |
| Low |
130.65 |
| Low Date |
10/13/2022 |
| High |
272.64 |
| High Date |
09/27/2024 |
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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 |
272.64 |
| High Date |
09/27/2024 |
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