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American Express Co - 4 Hourly

By Minipip
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American Express is due to report its Q3 earnings today as this chaotic week reaches the final trading session. Indicators are suggesting mixed signals.

American Express is due to report its quarterly earnings today as this chaotic week reaches the final trading session. From a technical outlook, the stock's share price currently rests at $143.05. A strong earnings report could see the stock move in an uptrend where the first resistance level sits at $146.15. A break above this resistance may see the stock test the tough resistance level at $147.95 which corresponds with the upper green trendline. However, a weak report could see the stock plummet. Hence, towards the downside, the first support point sits at $141.53 followed by a major support point at $136.11. A break below the $136.11 point could see the stock slide towards the very lows of this month, where it almost hit the $130.00 price level. Looking at the indicators, RSI reads 48, slightly positive but MACD is slightly negative. Investors should be wary of the earnings report which could influence the stock's share price.

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