American Express Company Stock Forecast
American Express Company stock price down 0.0224% on Friday
(Updated on May 17, 2024)
The American Express Company stock price fell by -0.0224% on the last day (Friday, 17th May 2024) from 223.35€ to 223.30€. During the last trading day the stock fluctuated 0.92% from a day low at 221.75€ to a day high of 223.80€. The price has risen in 6 of the last 10 days and is up by 4.13% over the past 2 weeks. Volume has increased on the last day by 555 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 710 shares were bought and sold for approximately 158.54€ thousand.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.82% during the next 3 months and, with a 90% probability hold a price between 239.90€ and 255.27€ at the end of this 3-month period.
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AEC1.F Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -0.379%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 American Express Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 222.71€ and 214.07€. A breakdown below any of these levels will issue sell signals.
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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 2.05€ (0.92%) between high and low. For the last week, the stock has had daily average volatility of 1.02%.
Our recommended stop-loss: 216.66€ (-2.97%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (AEC1.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect American Express Company to open at 222.95€, and during the day (based on 14 day Average True Range), to move between 220.15€ and 226.45€, which gives a possible trading interval of +/-3.15€ (+/-1.41%) up or down from last closing price. If American Express Company takes out the full calculated possible swing range there will be an estimated 2.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 223.35€ (0.02%) than the support at 212.25€ (4.95%), 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: 2.391 Buy Candidate Unchanged
Predicted Opening Price for American Express Company of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
222.95€ ( 0.157%) | 223.30€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEC1.F
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 225.00 | 0.761 % | |
R2 | 224.22 | 0.411 % | ||
R1 | 223.73 | 0.194 % | ||
Current price: | 223.30 | |||
Support | S1 | 222.17 | -0.507 % | |
S2 | 221.68 | -0.724 % | ||
S3 | 220.90 | -1.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 224.15 | 0.381 % | |
R2 | 223.65 | 0.157 % | ||
R1 | 223.35 | 0.0224 % | ||
Current price | 223.30 | |||
Support | S1 | 212.25 | -4.95% | |
S2 | 208.70 | -6.54% | ||
S3 | 197.00 | -11.78% |
AEC1 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 05, 2024 | Jul 05, 2024 | Aug 09, 2024 | 0.651€ | 0% |
2 | Apr 04, 2024 | Apr 04, 2024 | May 10, 2024 | 0.640€ | 0% |
3 | Jan 04, 2024 | Jan 04, 2024 | Jan 04, 2024 | 0€ | 0% |
4 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | 0.600€ | 0% |
5 | Apr 05, 2023 | Apr 05, 2023 | Apr 05, 2023 | 0.600€ | 0% |
FAQ
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