American Express (AXP) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for AXP · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$346.71last close · Aug 4, 202652-week range $290.63 – $387.49 · 10.52% below the high

AXP Rising Wedge Pattern

AXP is currently forming a rising wedge on the daily timeframe. Detected Aug 4, 2026.

A rising wedge is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $321.12 (−9.2%). Across 9,519 backtested rising wedges, the setup followed through 50.0% of the time, averaging +0.19R; AXP's own rising wedges have hit 65.2%.

DirectionBearishTarget$321.12Projected move−9.2%Breakout level$350.94

New to this pattern? What a rising wedge is and how to trade it →

AXP's Most Recent Rising Wedge Trade

AXP's most recent completed rising wedge resolved as a win: it broke down on Jul 22, 2026 near $348.82, then reached its target at $321.12 on Jul 24, 2026 — a +1.93R move (7.9%) over 2 sessions. Across 195 backtested rising wedges, this setup wins 51.8% of the time.

OutcomeWinResult+1.93REntry$348.82Exit$321.12

Learn about rising wedge

How Rising Wedges Have Performed

Win rate
50.0%
Avg return
+0.19R
Backtested trades
9,519
AXP win rate
65.2%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

AXP Pattern Trade History

Every completed pattern trade our nightly backtest found on AXP's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Rising WedgeJul 22, 2026 @ $348.82Jul 24, 2026 @ $321.12Win+1.93R
Rising WedgeJan 12, 2026 @ $360.50Feb 23, 2026 @ $335.32Win+0.98R
Bullish PennantJun 24, 2025 @ $305.31Jul 8, 2025 @ $316.98Win+0.61R
Rising WedgeMay 21, 2025 @ $293.04Jun 24, 2025 @ $308.38Loss-1.45R
TriangleMay 1, 2025 @ $268.93Jul 8, 2025 @ $316.98Win+4.10R
TriangleJan 10, 2025 @ $297.79Jan 15, 2025 @ $312.32Loss-1.97R
Rising WedgeOct 18, 2024 @ $276.80Nov 6, 2024 @ $295.16Loss-1.92R
Rising WedgeSep 18, 2024 @ $265.96Dec 5, 2024 @ $300.53Win+1.36R
TriangleMay 22, 2024 @ $241.37Jun 12, 2024 @ $223.58Win+5.85R
TriangleJul 18, 2023 @ $177.00Jul 24, 2023 @ $167.79Loss-1.05R
Bullish PennantApr 21, 2023 @ $163.78May 2, 2023 @ $153.25Loss-1.08R
TriangleApr 21, 2023 @ $161.34May 2, 2023 @ $154.48Win+1.32R

AXP Support and Resistance Levels

Price found a floor near $321.05 about 2 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $433.85 — still about 25% away.

  • Traders commonly watch $433.85 as a target (its 200% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $321.05 floor about 2 weeks ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $323.92, resistance near $352.69. These are chart/swing-derived levels, not formula pivots.

Resistance
$352.69$358.70$372.74$383.81$432.12$442.67
Support
$323.92$299.57$294.92$286.91$220.43

AXP Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$345.00$348.50$344.12$346.71
Aug 3, 2026$340.90$345.16$340.00$344.72
Jul 31, 2026$338.28$340.30$336.00$336.25
Jul 30, 2026$331.97$337.80$329.07$337.52
Jul 29, 2026$333.62$336.39$330.00$331.50
Jul 28, 2026$335.50$336.82$331.43$336.63
Jul 27, 2026$331.50$336.61$329.79$335.39
Jul 24, 2026$326.12$329.05$318.20$326.17
Jul 23, 2026$343.39$344.91$338.20$340.84
Jul 22, 2026$348.82$349.70$345.04$348.74

AXP Frequently Asked Questions

What chart pattern is AXP forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a rising wedge on American Express (AXP) on the daily chart, with a measured-move target of $321.12.
Is a rising wedge bullish or bearish?
The rising wedge detected on AXP is a bearish pattern, projecting a measured-move target of $321.12. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a rising wedge pattern, and what is its win rate?
Across TradingPal's backtest of the rising wedge family (9,519 trades over 631 symbols), it resolved in the expected direction 50.0% of the time with an average of +0.19R. These are historical statistics, not a prediction.
What are the support and resistance levels for AXP?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), AXP's nearest support is around $323.92 and nearest resistance around $352.69.
What is the price target if AXP's pattern breaks out?
The detected rising wedge has a geometry-based measured-move target of $321.12 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was AXP's closing price on Aug 4, 2026?
American Express (AXP) last closed at $346.71 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.