American Express Company Stock Forecast

American Express Company stock price ended at 217.40€ on Thursday, after losing 2.29%.
(Updated on May 02, 2024)

AEC1.F Signals & Forecast

The American Express Company stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 220.94€. On a fall, the stock will find some support from the long-term average at approximately 209.48€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -2.79%. Further fall is indicated until a new bottom pivot has been found. American Express Company gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for American Express Company stock

American Express Company finds support from accumulated volume at 212.25€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 2.10€ between high and low, or 0.97%. For the last week, the stock has had daily average volatility of 0.96%.

Our recommended stop-loss: 209.92€ (-3.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (AEC1.F) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect American Express Company to open at 217.17€, and during the day (based on 14 day Average True Range), to move between 213.58€ and 221.22€, which gives a possible trading interval of +/-3.82€ (+/-1.76%) up or down from last closing price. If American Express Company takes out the full calculated possible swing range there will be an estimated 3.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 219.75€ (1.08%) than the support at 212.25€ (2.37%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is American Express Company stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for American Express Company stock to perform well in the short-term.

Current score: 1.053 Buy Candidate Unchanged

Predicted Opening Price for American Express Company of Friday, May 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.