Unleashing the Bull: Why AXP is Poised for a Breakout!
Current Price: $324
Stop Loss: $310 (below key support). ( very tight SL )
TP1: $340 (short-term breakout target).
TP2: $360 (channel resistance).
TP3: $370 (analyst high target).
1️⃣ Strong Earnings Potential (Jan 24, 2025)
Analysts expect EPS of $3.03 (+15.7% YoY) and revenue of $17.18 billion (+8.8% YoY).
Solid growth driven by resilient consumer spending and premium travel recovery.
2️⃣ Premium Client Spending
AXP focuses on affluent clients, benefiting from higher spending levels and limited credit risk.
Strong performance in the travel and entertainment segments aligns with rising global travel demand.
3️⃣ Bullish Technicals
Channel Breakout: AXP has broken out above the ascending channel, signaling bullish momentum.
Indicators:
RSI above 70 indicates strong momentum.
MACD confirms bullish crossover.
Increased volume supports the breakout.
4️⃣ Interest Rate Tailwinds
Elevated interest rates enhance AXP’s interest income, bolstering profitability in its lending business.
5️⃣ Analyst Sentiment
Consensus Price Target: Analysts' median target of $360, with high-end forecasts at $370, offers an upside potential of 11% to 14% from the current price.
Stop Loss: $310 (below key support). ( very tight SL )
TP1: $340 (short-term breakout target).
TP2: $360 (channel resistance).
TP3: $370 (analyst high target).
1️⃣ Strong Earnings Potential (Jan 24, 2025)
Analysts expect EPS of $3.03 (+15.7% YoY) and revenue of $17.18 billion (+8.8% YoY).
Solid growth driven by resilient consumer spending and premium travel recovery.
2️⃣ Premium Client Spending
AXP focuses on affluent clients, benefiting from higher spending levels and limited credit risk.
Strong performance in the travel and entertainment segments aligns with rising global travel demand.
3️⃣ Bullish Technicals
Channel Breakout: AXP has broken out above the ascending channel, signaling bullish momentum.
Indicators:
RSI above 70 indicates strong momentum.
MACD confirms bullish crossover.
Increased volume supports the breakout.
4️⃣ Interest Rate Tailwinds
Elevated interest rates enhance AXP’s interest income, bolstering profitability in its lending business.
5️⃣ Analyst Sentiment
Consensus Price Target: Analysts' median target of $360, with high-end forecasts at $370, offers an upside potential of 11% to 14% from the current price.
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Seizing Opportunities, Maximizing Returns. With 7+ years of experience, we provide accurate insights and trading signals.
💹 Free daily signals & analysis
💹 Expert strategies & updates
Join now: t.me/valchevfinance
💹 Free daily signals & analysis
💹 Expert strategies & updates
Join now: t.me/valchevfinance
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.