Want to know the current price of American Express and what’s next for AXP shares? On this page, we share the latest news about American Express and give advice on buying shares. You can also view the latest American Express stock forecast for 2021 and 2022 from our experts.
Should you buy or sell American Express shares today? To what levels can the shares of this company rise in a year, two, three? How much will American Express papers cost in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for AXP stock, both up and down.
American Express Forecast for 2022 and 2023
Quotes of American Express continue to move within the limits of the decline and the rising channel. The moving averages indicate a short-term bullish trend for AXP stock. Prices are testing the area between the signal lines, which indicates pressure from buyers of securities and a likely continuation of growth in the near future. At the time of publication of the forecast, the share price is 164.44 per share. As part of the forecast, we should expect an attempt to continue the development of the fall and a test of the support level near the area of 140.55. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 220.05 already in 2021, 2022, 2023.
An additional signal in favor of the growth of American Express quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option of raising the quotes of the value of shares of American Express will be a fall and a breakdown of the level of 135.05. This will indicate a breakdown of the support area and the lower border of the channel, in which case we can consider the continued decline of securities to the area at the level of 75.05. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 195.55, which will indicate a breakdown of the upper limit of the bullish channel.
American Express Forecast for 2022 and 2023 assumes the development of a decline and a test of the support area near the level of 140.55. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 220.05. A test of the trend line on the relative strength index (RSI) will come out in favor of the growth of securities. Cancellation of the AXP rise option will be a fall and a breakdown of the level of 135.05. This will indicate a breakdown of support and a continuation of the fall in value to the area below the level of 75.05.
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