Earnings today, a fresh sell signal takes the lead
American Express drops 8.2% on earnings day, opens a new sell signal
Earnings today, a fresh sell signal takes the lead
Our view last week
American Express shares add 1.4% this week and complete a double bottom in the 308 area, rebounding 6% off the lows. In this week's technical analysis the structure still holds - moving averages aligned, MACD improving - but under the surface small caution flags pile up: contracting volume, mixed rejection bars, a daily money flow just below zero. The stock heads into earnings week, due July 24, while the buy signal, now in its fourth week, starts to lose steam.
This week's summary
American Express shares drop 8.2% in earnings week, due today, and open a new sell signal: first among the 141 US sell signals in our ranking, with signal strength at its maximum, 100 out of 100. The stock still trades well above its 200-week average, and on the daily chart a double bottom has just formed in the 314 area, with an intermediate rebound. The confirmation week is still open.
IQS Phase
48
ordinary
Signal Strength
100
decline starting to make lower lows
Sizing
STANDARD
Ranking
#1 / 141
New us stocks
Trade P&L %
+0.00%
from signal to today
Rank position
ranks 1st among the 141 sell signals for US stocks in our ranking, with a signal strength of 100 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly +0.09% · monthly +4.82%
AXP belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
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