Score 8.3 (out of 10): AMERICAN EXPRESS CO sets up for +10.5% rally in 3 months

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What’s Going On Here?

American Express to offer fintechs credit cards via WebBank. The alliance will focus on offering payment products on the American Express network through fintechs

Why Now?

AMERICAN EXPRESS CO has triggered a new volatility signal (1 month). During similar occasions, AMERICAN EXPRESS CO shares had a median return of +10.5%, over the following 3 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for AMERICAN EXPRESS CO received a high score of 8.3 (out of 10). This insight was generated on 2022-August-16 with last price of 165.35.

What’s This Company About?

AMERICAN EXPRESS CO is in the Finance-Credit Card business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: AXP US.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 182.72 (+10.5%) has been reached. Based on AMERICAN EXPRESS CO’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 160.45 (last price at 165.35), which is equivalent to a -3% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

14.2% (November-2021), 9% (August-2021), -2.8% (June-2021), 17.1% (April-2021), 22.9% (December- 2020), -8.2% (July-2019), 13.3% (February-2019), 6.2% (August-2018), 9.5% (October-2017), 11.5% (August-2017).

Historical Chart:

Summary:

NameAMERICAN EXPRESS CO
ViewUp
Star (1 to 10)8.3
Target10.5%
Time3 months
Hit Rate80%

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