American Express Stock Climbs Ahead Of Earnings, Signals Show Potential Cooling

American Express Co AXP will be reporting its fourth-quarter earnings on Friday. Wall Street expects $3.04 in EPS and $17.16 billion in revenues as the company reports before market hours.

The stock is up 75.61% over the past year, 9.14% YTD. During Thursday’s trading session, American Express stock reached a new 52-week high of $326.27, further solidifying its upward momentum ahead of the earnings report.

Let’s look at what the charts indicate for American Express stock and how the stock currently maps against Wall Street estimates.

AXP Stock Chart Strongly Bullish Ahead Of Q4 Earnings

AXP stock is demonstrating a strongly bullish trend, with its share price of $322.25 trading above key moving averages.

Chart created using Benzinga Pro

AXP stock remains above its eight-day ($312.02), 20-day ($304.92) and 50-day ($300.05) simple moving averages, reinforcing sustained buying pressure. Additionally, AXP stock is well above its 200-day SMA of $260.44, a strong long-term bullish indicator.

The MACD (moving average convergence/divergence) reading of 5.63 suggests upward momentum remains intact, while the RSI (relative strength index) at 69.62 indicates AXP stock is approaching overbought levels.

Investors may see continued upside as bullish signals persist, though a short-term consolidation could present better entry opportunities.

American Express Analysts See Limited Upside

Ratings & Consensus Estimates: The consensus analyst rating on American Express stock stands at Neutral with a price target of $251.57. The latest analyst ratings from JPMorgan, UBS and Truist Securities imply a 0.12% upside for American Express stock with a $325.67 average price target.

AXP Price Action: American Express stock was up 0.5% at $323.89 at last check Thursday.

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