This week is expected to be negative for shareholders of American Express Company (NYSE: AXP), analysts make a significant negative revision in their forecasts for this year. Both earnings and EPS were sharply reduced as analysts took into account the latest business forecasts, concluding that they were previously too optimistic. Over the last 7 days, EPS rose 6.2% to $88.32 per share.
American Express, H4
Pivot: 88.01
Analysis:
Provided that the asset is traded above 85.75, follow the recommendations below:
Time frame: H4
Recommendation: long position
Entry point: 88.01
Take Profit 1: 91.85
Take Profit 2: 96.40
Alternative scenario:
In case of breakdown of the level 85.75, follow the recommendations below:
The timeframe: H4
Recommendation: short position
Entry point: 85.75
Take Profit 1: 78.80
Take Profit 2: 72.00
Comment:
RSI shows an upward trend.
Key levels:
Resistance
Support
100.30
85.75
96.40
78.80
91.85
72.00
American Express, D1
Pivot: 88.32
Analysis:
While the asset is traded above 75.70, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 88.32
Take Profit 1: 106.70
Take Profit 2: 115.50
Alternative scenario:
If the level 75.70 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: short position
Entry point: 75.70
Take Profit 1: 61.30
Take Profit 2: 52.60
Comment:
RSI is 50 below its neutral area. The MACD is negative and is above its signal line. The configuration is mixed. In addition, the stock is traded above the 20-day moving average (86.29), but below the 50-day moving average (95.79).
Key levels:
Resistance
Support
133.20
75.70
124.40
61.30
115.50
52.60
We also advise you to pay attention to Tesla for intra-day trading:
Pivot: 701.32
Analysis:
While the asset is traded above 597.00, follow the recommendations below:
Time frame: H4
Recommendation: long position
Entry point: 701.32
Take Profit 1: 920.00
Take Profit 2: 995.00
Alternative scenario:
If the level 597.00 is broken-down, follow the recommendations below.
Time frame: H4
Recommendation: short position
Entry point: 597.00
Take Profit 1: 487.00
Take Profit 2: 421.00
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