American Express (AXP) is trading at new all-time highs and shows strong technical momentum here.
The stock maintains a 100% “Buy” opinion from Barchart.
AXP has made a 32.15% gain over the past year and shares are up 9.12% in the past month.
Analyst sentiment is mixed, but most individual investors and several major firms maintain bullish ratings and high price targets for AXP.
Valued at $248 billion, American Express (AXP) is a diversified financial services company, offering charge and credit payment card products and travel-related services worldwide.
I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. AXP checks those boxes. Since the Trend Seeker signaled a new “Buy” on Oct.20, the stock has gained 2.98%.
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
American Express hit an all-time high of $365.75 in intraday trading on Oct. 1.
AXP has a Weighted Alpha of +31.70.
American Express has a 100% “Buy” opinion from Barchart.
The stock gained 32.15% over the past year.
AXP has its Trend Seeker “Buy” signal intact.
The stock recently traded at $361.45 with a 50-day moving average of $336.21.
American Express has made 11 new highs and gained 9.12% in the last month.
Relative Strength Index (RSI) is at 66.76.
There’s a technical support level around $357.16.
$248 billion market capitalization.
24.09x trailing price-earnings ratio.
0.91% dividend yield.
Revenue is projected to grow 9.30% this year and another 8.86% next year.
Earnings are estimated to increase 15.83% this year and an additional 12.46% next year.
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