pool adsAmerican Express $AXP Technical Update
The American Express (NYSE: AXP) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for AXP, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Strong | Neutral |
| P1 | 118.71 | 114.02 | 100.54 |
| P2 | 120.04 | 118.39 | 112.02 |
| P3 | 120.96 | 122.98 | 123.13 |
Support and Resistance Plot Chart for AXP
Long Term Trading Plans for AXP
May 23, 2019, 12:00 pm ET
The Technical Summary and Trading Plans for AXP help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this AXP Report.
AXP - (Long) Support Plan
The technical summary data tells us to buy AXP near 112.02 with an upside target of 123.13. This data also tells us to set a stop loss @ 111.76 to protect against excessive loss in case the stock begins to move against the trade. 112.02 is the first level of support below 118.49 , and by rule, any test of support is a buy signal. In this case, support 112.02 is being tested, a buy signal would exist.
AXP - (Short) Resistance Plan
The technical summary data is suggesting a short of AXP as it gets near 123.13 with a downside target of 112.02. We should have a stop loss in place at 123.39 though. 123.13 is the first level of resistance above 118.49, and by rule, any test of resistance is a short signal. In this case, if resistance 123.13 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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