The stock price of American Express Company (AXP) rose in its latest intraday trading, supported by positive momentum from trading above its previous 50-day SMA. The stock remains under the control of a main upward trend, moving along a short-term ascending trendline. Additionally, we observe the emergence of a positive divergence in relative strength indicators after reaching extremely oversold levelsan exaggerated condition compared to the stocks actual price movementalong with early positive signals starting to appear.

Therefore we expect the stock price to rise in upcoming sessions, as long as the support at $301.75 remains intact, targeting the key resistance level at $329.00.

Todays price forecast: Bullish.