For American Express (AXP), an AI trading robot generated a 30% profit over the previous six months.
This AI trading robot, available at Pair Trader for Financial Sector (TA), was a top performer in our robot factory, generating 30% for AXP over the past 6months.
Automated trading has become increasingly popular in recent years, as advances in artificial intelligence and machine learning have enabled traders to create sophisticated algorithms that can analyze market data and make trades faster and more accurately than humans. One such AI trading robot has generated a 30% profit for American Express (AXP) in the previous 6 months, highlighting the power of AI in trading.
Using complex algorithms and machine learning techniques, this AI trading robot was able to analyze vast amounts of market data and identify profitable trading opportunities for AXP. By executing trades at the right time, the robot was able to generate a significant profit for the company, demonstrating the potential of AI in trading.
However, it's important to note that while AI trading robots can be highly effective, they are not infallible. Market conditions can change rapidly, and there are always risks associated with trading. As such, it's essential that traders use caution and carefully monitor their AI trading algorithms to ensure they are performing as intended.
Now, let's analyze AXP's earning results in light of this information. Based on the technical analysis, AXP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 26 of 33 cases where AXP's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 79%.
This analysis indicates that there may be an opportunity for traders to profit from AXP's potential price movement. However, as with any investment, there are always risks involved, and traders should carefully consider their options before making any trades. Additionally, it's essential to keep in mind that past performance is not necessarily indicative of future results, and market conditions can change rapidly.
The success of the AI trading robot in generating a 30% profit for AXP in the previous 6 months underscores the potential of AI in trading. However, traders should use caution and carefully monitor their AI trading algorithms to ensure they are performing as intended. The technical analysis indicates that there may be an opportunity for traders to profit from AXP's potential price movement.
AXP in upward trend: 10-day moving average crossed above 50-day moving average on June 05, 2023
The 10-day moving average for AXP crossed bullishly above the 50-day moving average on June 05, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 24, 2023. You may want to consider a long position or call options on AXP as a result. In of 97 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for AXP just turned positive on May 18, 2023. Looking at past instances where AXP's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
AXP moved above its 50-day moving average on May 30, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AXP advanced for three days, in of 328 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AXP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
AXP broke above its upper Bollinger Band on June 06, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for AXP entered a downward trend on May 22, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AXP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.914) is normal, around the industry mean (4.080). P/E Ratio (18.051) is within average values for comparable stocks, (29.508). Projected Growth (PEG Ratio) (1.220) is also within normal values, averaging (1.442). Dividend Yield (0.013) settles around the average of (0.047) among similar stocks. P/S Ratio (2.338) is also within normal values, averaging (5.972).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a financial conglomerate
Industry FinanceRentalLeasing
AXP and
Correlation & Price change
A.I.dvisor indicates that over the last year, AXP has been closely correlated with DFS. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if AXP jumps, then DFS could also see price increases.
