Ongoing decline · week 11
American Express slips 2% to a new 90-day low the weekly close does not confirm
Our view last week
A sixth straight weekly loss, but nearly at a standstill: American Express slips 0.9% and stalls right at its 100-week moving average, in the 309 area, while buyers come back to 53% of volume after 85% selling a week earlier. The technical analysis of American Express stock still leans bearish: the MACD line slides deeper below zero and money flow has been negative for 6 weeks. The short is up 5.3% since entry, and the price action shows a slowdown that has yet to prove itself a turn.
This week's summary
American Express keeps sliding: a 2% loss makes it 7 straight down weeks and prints a new 90-day low, in the 297 area, that the weekly close did not confirm. Last week's slowdown has not turned into a reversal. The technical analysis of American Express stock stays bearish: on the daily chart the price action lines up 4 lower highs. Money flow, negative for 7 weeks, has been improving for 2. The short is up 7.2% since entry.
IQS Phase
64
ordinary
Signal Strength
24
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#99 / 175
US stocks
Trade P&L %
+7.17%
from signal to date, no stop loss
American Express (AXP) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 99th among the 175 sell signals for US stocks in our ranking, with a signal strength of 24 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimeweak phase
Performanceweekly -2.46% · monthly -7.23%
AXP belongs to the financials sector (reference ETF XLF). The sector is classified weak phase according to our weekly reading.
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