RoboMarkets

🏧 Focus on American Express Co. stocks. 23/10/2023

BATS:AXP   American Express Company
American Express Co. recorded net profit above analysts' expectations. In Q3 2023, the company's net profit reached 2.45 billion USD compared to 1.88 billion USD in Q3 2022. Market expectations were only at 2.19 billion USD. American Express is optimistic about the future and notes that current performance is much better than pre-pandemic levels.

Therefore, today, we focus on the American Express Co. (NYSE: AXP) stock chart.

On the D1 timeframe, resistance has formed at 154.79 without clear support.

On the H1 timeframe, if quotes return beyond 144.29, the short-term target for the price increase will be around 154.55; while in the medium term, it could reach 179.12.

Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.

The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.