American Express: bounce in the confirmation week
American Express bounces 3.1% as its Sell signal strength collapses to 46
American Express: bounce in the confirmation week
Our view last week
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.
This week's summary
American Express shares bounce 3.1% right in the confirmation week of the Sell signal, and the picture gets murkier instead of clearer: signal strength collapses from 100 to 46 out of 100, and last week's plunge is starting to read as an isolated setback, not the start of a real decline. American Express stock technical analysis: price stays boxed between two moving averages, with mixed rejection candles still giving no clear direction.
IQS Phase
50
ordinary
Signal Strength
46
isolated weekly drop
Sizing
REDUCED
Ranking
#17 / 138
US stocks sell signals
Trade P&L %
-3.09%
from signal to date, no stop loss
Rank position
ranks 17th among the 138 sell signals for US stocks in our ranking, with a signal strength of 46 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein strong phase
Performanceweekly +1.12% · monthly +3.94%
AXP belongs to the financials sector (reference ETF XLF). The sector is classified in strong phase according to our weekly reading.
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