What To Expect From American Express Stock?

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american express stock (NYSE:AXP) is up 5.5% over the past week, outperforming the S&P 500 (up 4.8%). Furthermore, a similar trend was evident over the past month’s horizon, with the stock rising 4.8%. In comparison, the broader markets grew by 3.9% over the same period.

The company issues credit cards and provides global payment solutions. Its top-line has benefited in 2021, with cumulative nine-month revenue rising 13% year over year to $30.2 billion. This was primarily driven by a 19% jump in non-interest revenue, thanks to increased worldwide network volumes. Going forward, AXP is likely to report strong results in the fourth quarter of the year. consensus estimate for american express revenue and EPS are around $11.41 billion and $1.79 respectively. Moreover, the world has seen a push towards digital transactions in the last one and a half years due to the Covid-19 crisis. We expect the volume of digital transactions to see a steady growth in the post-Covid era. Overall, the above factors are behind the positive investor sentiment towards the stock.

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Now, is AXP stock set to rise further, or can we expect some correction? We believe that American Express stock has a 69% chance of growth in the next month (21 trading days) based on our machine learning analysis of stock price trends over the past ten years. View our analysis American Express stock likely to rise,

Twenty One Days: AXP 4.8%, versus S&P500 3.9%; best performing market

(25% chance occurrence; 69% chance of increase in the next 69 days)

  • american express stock 4.8% gain Over the past twenty one trading days (one month), the broader market (S&P500) is up by 3.9%
  • A change of 4.8% or more in twenty one business days is a 25% probability event, having occurred 632 times out of 2515 in the past ten years.
  • Out of these 632 instances, the stock has seen positive momentum on 434 occasions over the next twenty-one trading days.
  • This points to a 69% chance of the stock rising over the next twenty-one trading days

Day 10: AXP 0.7%, versus S&P500 2.2%; underperforming market

(48% chance event; 56% chance of increase in the next 10 days)

  • american express stock increased by 0.7% Over the last ten trading days (two weeks), a gain of 2.2% over the broader market (S&P500)
  • A change of 0.7% or more in ten trading days is a 48% probability event, having occurred 1197 times out of 2515 in the past ten years.
  • Out of these 1197 cases, the stock has seen positive momentum on 665 occasions in the next ten trading days
  • This 56. points to% Probability of the stock to rise in the next 10 trading days

Day Five: AXP 5.5%, vs. S&P500 4.8%; best performing market

(6% chance event; 52% increase chance over the next five days)

  • american express stock Gained 5.5% in the five-day trading period ending 12/28/2021, compared to a gain of 4.8% against the broader market (S&P500)
  • A change of 5.5% or more in five trading days (one week) is a 6% probability event, occurring 149 times out of 2515 in the past ten years.
  • Out of these 149 instances, the stock has seen positive momentum on 77 occasions over the next five trading days.
  • This points to a 52% chance of the stock rising over the next five trading days

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