American Express Co

AXP remains in a Stage 2 advancing corrective reset with higher highs and higher lows above rising EMAs. A bearish exhaustion candle at a marginal new high and extreme overbought readings signal pullback risk. Short-term timing is unfavorable with price pulling back into the 9/21 EMA zone; patience is warranted for clear acceptance. Medium-term bias remains bullish within the Stage 2 structure, with execution focused on pullbacks into dynamic support.

• ↑Q1 revenue rose 11% YoY to $14.5 B, driven by premium card spend
• ↑EPS climbed 18% YoY to $4.28, with card member spending up 10%
• ↓Operating expenses rose on higher marketing and tech spend, pressuring margins