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Consumer Finance Industry Stocks Technical Analysis - AXPArchive
- 10/9/2026 -
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American Express (AXP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 7 consecutive negative weeks for the American Express (AXP). During the week, the AXP gained 5.39 points, or 1.78%, and closed at 308.17 on Friday, October 9, 2026. It was the best weekly gain since July 31, 2026. Weekly volume was 8% above average.
 Long-term trend: [See AXP long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 130.65 and reached 387.49 on December 12, 2025. AXP gained -256.84 points, or -196.59%, in 165 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 170.57 and resistance is at 447.07. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See AXP medium-term trend chart]
A medium-term downtrend had started on July 16, 2026 at 363.14 and reached 297.20 on October 1, 2026. AXP lost 65.94 points, or 18.16%, in 11 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 294.58 and resistance is at 317.51. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See AXP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since September 4, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See AXP short-term trend chart]
A short-term downtrend had started on August 5, 2026 at 352.49 and reached 297.20 on October 1, 2026. AXP lost 55.29 points, or 15.69%, in 57 days. The price is now at the 19.84% retracement level.
 Daily Technical Indicators: [See AXP daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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