American Express Technical Analysis (NYSE:AXP)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The American Express stock price data and volume are plotted in AXP stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for American Express. Technical analysis uses an approach for American Express stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
American Express Moving Average:
AXP stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of American Express chart patterns after the calculations remain the same. The 100 day moving average of 81.13 is below the last closing price of 86.09. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer AXP stock price movement for the moving average to change course.
American Express Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the AXP stock. Currently the stock price of $86.09 is in the lower range of American Express bollinger bands.
American Express Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The American Express MACD line is above the signal line.
American Express Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of AXP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .