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Explore the technical analysis of American Express (AXP) stock, tracking support and resistance levels, TRIN, volume trends, price channels, and moving averages. Analyze bullish market signals and investment opportunities for short and long-term outlooks. Presented by Brent Penzo, Jessica Allen, and Zach Jennings.
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American Express Presented By: Brent Penzo Jessica Allen Zach Jennings
Support & Resistance Level • Support Level = $44.18 • Resistance Level was broken on April 26th, 2010 with a stock price of $48.05. • This indicates that the stock price will continue in this upward direction.
Closing Arms (TRIN) • Declining Volume = 404,934,080 • Declining Issues = 1,242 • 404,934,080/1,242 = 326,033.8808 • Advancing Volume = 1,034,875,113 • Advancing Issues = 1,849 • 1,034,875,113/1,849 = 559,694.4905 • Closing Arms = .5825211545 • Arms < 1 Meaning the market is bullish.
Price Channel The Price Channel shows a continuation pattern sloping upwards which signals a favorable stock to invest in.
50 & 200 Day Moving Average Both 50 and 200 day Moving Average are increasing which indicates favorable short term and long term out looks.
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