When American Express ($AXP) Moves Investors should Listen

September 23, 2023, 05:00 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AXP

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short AXP slightly under 157.58, target n/a, stop loss @ 158.04 Details

The technical summary data is suggesting a short of AXP as it gets near 157.58, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 158.04. 157.58 is the first level of resistance above 153.08, and by rule, any test of resistance is a short signal. In this case, if resistance 157.58 is being tested, so a short signal would exist.

Swing Trading Plans for AXP

• Buy AXP slightly over 156.95, target 157.58, Stop Loss @ 156.5 Details

If 156.95 begins to break higher, the technical summary data tells us to buy AXP just slightly over 156.95, with an upside target of 157.58. The data also tells us to set a stop loss @ 156.5 in case the stock turns against the trade. 156.95 is the first level of resistance above 153.08, and by rule, any break above resistance is a buy signal. In this case, 156.95, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AXP slightly near 156.95, target n/a, Stop Loss @ 157.4. Details

The technical summary data is suggesting a short of AXP if it tests 156.95 with a downside target of n/a. We should have a stop loss in place at 157.4 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 156.95, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for AXP

• Buy AXP slightly over 154.35, target 156.53, Stop Loss @ 153.99 Details

If 154.35 begins to break higher, the technical summary data tells us to buy AXP just slightly over 154.35, with an upside target of 156.53. The data also tells us to set a stop loss @ 153.99 in case the stock turns against the trade. 154.35 is the first level of resistance above 153.08, and by rule, any break above resistance is a buy signal. In this case, 154.35, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AXP slightly near 154.35, target n/a, Stop Loss @ 154.71. Details

The technical summary data is suggesting a short of AXP if it tests 154.35 with a downside target of n/a. We should have a stop loss in place at 154.71 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 154.35, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  American Express (AXP) available here: AXP.

AXP Ratings for September 23:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	157.58
P2	154.35	156.95	169.83
P3	156.53	161.72	182.24

AI Generated Signals for AXP

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  American Express (NYSE: AXP) report below is a real world example. Included are trading plans for AXP, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.