1 / 7

American Express

This technical analysis of American Express (AXP) stock highlights crucial support and resistance levels. The support level is identified at $44.18, while the resistance was breached on April 26, 2010, at $48.05, indicating an upward trend for the stock price. The analysis includes closing arms data showing a bullish market sentiment, along with the performance of advancing and declining volumes. Both 50-day and 200-day moving averages are increasing, suggesting favorable short-term and long-term outlooks for potential investors.

audra-knowles
Download Presentation

American Express

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. American Express Presented By: Brent Penzo Jessica Allen Zach Jennings

  2. Technical Analysis of AXP stock

  3. 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.

  4. 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.

  5. Price Channel The Price Channel shows a continuation pattern sloping upwards which signals a favorable stock to invest in.

  6. 50 & 200 Day Moving Average Both 50 and 200 day Moving Average are increasing which indicates favorable short term and long term out looks.

  7. American Express GOOD

More Related