Based on the provided data and recent analyst updates, here's the analysis and price prediction for AXP for the next trading week:
Technical Analysis
The technical indicators show:
Recent Analyst Updates
Price Prediction for Next Week Based on technical and fundamental factors:
Expected price movement:
Trading Recommendation SELL with target price of 315-320 for the following reasons:
The stock is likely to experience some profit-taking after recent strong gains, making it a favorable time to take profits rather than establish new long positions.
The price of AXP is predicted to go up -14.81%, based on the high correlation periods with EGAN. The similarity of these two price pattern on the periods is 95.9%.
AXP
EGAN
Year
AXP Price Forecast($)
Potential Return(%)
2025
350.000
15.480
2026
350.000
15.480
2027
600.000
97.970
2028
530.000
74.870
2029
600.000
98.750
2030
500.000
65.630
American Express operates as a closed-loop network for the cards that it issues. This allows it to capture more of the economic profit of a single credit card payment than other credit card issuers.
American Express has found considerable success in growing its net interest income in recent years, enjoying better loan growth and lower credit costs than its peers.
American Express' efforts to reposition its cards as lifestyle products for younger cardholders has been a success and new card acquisition has risen significantly.
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