Moving Average Analysis of AXP

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From the Weekend Report 7/30/2010: Since the previous week the phase of the oscillator around the 200 bar average is almost unchanged.

Recent Averages with Candlestick Chart. of American Express

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Different ways of averaging are tested on AXP stock prices for their ability to predict trend movements. Techniques available include moving weighted or exponential averages of various periods and the family of MACD (Moving Average Convergence Divergence) indicators.

Unfortunately, some of the most popular indicators of this type can prove to be the worst forcasting indicators. The effectiveness of these methods as applied to AXP stock price trend evaluation is tested on the next page.

The 200 session average is red, the 20 bar, green. The un-sophisticated moving averages plotted here are un-weighted, but they still may return better results than many of the more popular, highly tuned averages seen in some of the following sections. It is always possible to fine tune an exponential or other weighted average so that it seems to outperform a simple average in a given situation. However, over-tuning can increase false and misleading indicators. Norman Fosback pointed out that a legitimate signal should be one that is clearly evident through a variety of averaging methods.

Moving Average Convergence of American Express

Companies In the News

Friday, July 30, 2010: We have news on National Semiconductor Corporation, ticker symbol NSM. A significant moving average event has happened. Also, there are breaking events concerning Tenet Healthcare Corporation and Janus Capital Group Inc..

From the News Archive: (7/30/2010 ) A favorable event happened at Akamai Technologies, Inc.. Meanwhile, bad news came from Eastman Chemical Company, Motorola, and Automatic Data Processing.

MACD analysis is dangerously suited for overtuning, since it may use any of an infinite number of averaging methods and coefficients. In addition to crossover signals based on moving averages, many analysts add a trigger line which is based on some average of the first two averages. Here we depict the results of 12 and 26 session Exponential Moving Averages. The exponential coefficient used here is .18. There is nothing magic about these parameters, but these are frequently seen.

Float the cursor for a longer term chart.

Moving Average Convergence Divergence, or MACD, produces buy or sell signal that are color tinted here.

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Moving Avg. 20/200 Divergence	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 30 instances
Future30SesAvgClose	1.20 % minus 1.09 % = 0.11 %	0.92 %
Future5SesAvgClose	0.14 % minus 0.22 % = -0.08 %	-4.04 %
Future2SesAvgClose	0.48 % minus 0.11 % = 0.37 %	46.68 %
Sell Signals - 30 instances
Future30SesAvgClose	0.49 % minus 1.09 % = -0.59 %	-5.03 %
Future5SesAvgClose	-0.43 % minus 0.22 % = -0.65 %	-33.20 %
Future2SesAvgClose	-0.48 % minus 0.11 % = -0.60 %	-75.69 %
	.
Moving Avg. 5/20 Divergence	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 235 instances
Future30SesAvgClose	1.11 % minus 1.09 % = 0.03 %	0.23 %
Future5SesAvgClose	0.49 % minus 0.22 % = 0.27 %	13.63 %
Future2SesAvgClose	0.49 % minus 0.11 % = 0.38 %	47.83 %
Sell Signals - 235 instances
Future30SesAvgClose	0.32 % minus 1.09 % = -0.76 %	-6.48 %
Future5SesAvgClose	-0.08 % minus 0.22 % = -0.30 %	-15.07 %
Future2SesAvgClose	0.12 % minus 0.11 % = 0.01 %	0.79 %
	.
Moving Avg. 5/200 Divergence	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 52 instances
Future30SesAvgClose	0.59 % minus 1.09 % = -0.50 %	-4.19 %
Future5SesAvgClose	0.27 % minus 0.22 % = 0.05 %	2.66 %
Future2SesAvgClose	-0.15 % minus 0.11 % = -0.26 %	-33.19 %
Sell Signals - 52 instances
Future30SesAvgClose	-0.34 % minus 1.09 % = -1.43 %	-12.07 %
Future5SesAvgClose	-0.16 % minus 0.22 % = -0.38 %	-19.29 %
Future2SesAvgClose	-0.21 % minus 0.11 % = -0.33 %	-41.56 %
	.
MACD 12/26 Divergence	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 769 instances
Future30SesAvgClose	0.84 % minus 1.09 % = -0.24 %	-2.07 %
Future5SesAvgClose	0.03 % minus 0.22 % = -0.19 %	-9.65 %
Future2SesAvgClose	-0.04 % minus 0.11 % = -0.16 %	-19.84 %
Sell Signals - 769 instances
Future30SesAvgClose	1.06 % minus 1.09 % = -0.03 %	-0.26 %
Future5SesAvgClose	0.19 % minus 0.22 % = -0.03 %	-1.37 %
Future2SesAvgClose	0.06 % minus 0.11 % = -0.05 %	-6.44 %
	.
MACD 12/26 Signal	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 1000 instances
Future30SesAvgClose	1.08 % minus 1.09 % = -0.01 %	-0.11 %
Future5SesAvgClose	0.15 % minus 0.22 % = -0.06 %	-3.26 %
Future2SesAvgClose	0.06 % minus 0.11 % = -0.05 %	-6.77 %
Sell Signals - 999 instances
Future30SesAvgClose	1.16 % minus 1.09 % = 0.07 %	0.62 %
Future5SesAvgClose	0.24 % minus 0.22 % = 0.02 %	0.95 %
Future2SesAvgClose	0.15 % minus 0.11 % = 0.04 %	5.07 %
	.
Calibrated M by Q Half Cycle Moving Avg.	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 477 instances
Future30SesAvgClose	0.72 % minus 1.09 % = -0.37 %	-3.11 %
Future5SesAvgClose	0.11 % minus 0.22 % = -0.11 %	-5.74 %
Future2SesAvgClose	0.07 % minus 0.11 % = -0.04 %	-5.23 %
Sell Signals - 477 instances
Future30SesAvgClose	1.20 % minus 1.09 % = 0.12 %	0.98 %
Future5SesAvgClose	0.43 % minus 0.22 % = 0.21 %	10.79 %
Future2SesAvgClose	0.29 % minus 0.11 % = 0.17 %	21.97 %
	.
Calibrated M by Q Full Cycle Moving Avg.	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 297 instances
Future30SesAvgClose	0.91 % minus 1.09 % = -0.18 %	-1.51 %
Future5SesAvgClose	0.08 % minus 0.22 % = -0.14 %	-7.13 %
Future2SesAvgClose	0.09 % minus 0.11 % = -0.02 %	-2.64 %
Sell Signals - 298 instances
Future30SesAvgClose	0.99 % minus 1.09 % = -0.10 %	-0.86 %
Future5SesAvgClose	0.30 % minus 0.22 % = 0.08 %	4.26 %
Future2SesAvgClose	0.23 % minus 0.11 % = 0.12 %	14.77 %
	.
Projected Crossing of SMA 20/200.	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 41 instances
Future30SesAvgClose	0.51 % minus 1.09 % = -0.57 %	-4.87 %
Future5SesAvgClose	-0.15 % minus 0.22 % = -0.37 %	-18.62 %
Future2SesAvgClose	-0.54 % minus 0.11 % = -0.65 %	-82.89 %
Sell Signals - 36 instances
Future30SesAvgClose	-0.87 % minus 1.09 % = -1.95 %	-16.54 %
Future5SesAvgClose	-0.58 % minus 0.22 % = -0.80 %	-40.63 %
Future2SesAvgClose	-0.16 % minus 0.11 % = -0.28 %	-35.19 %
	.
Projected Crossing of SMA 5/20.	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 290 instances
Future30SesAvgClose	1.06 % minus 1.09 % = -0.03 %	-0.26 %
Future5SesAvgClose	0.60 % minus 0.22 % = 0.38 %	19.17 %
Future2SesAvgClose	0.34 % minus 0.11 % = 0.22 %	28.56 %
Sell Signals - 219 instances
Future30SesAvgClose	0.60 % minus 1.09 % = -0.49 %	-4.17 %
Future5SesAvgClose	0.08 % minus 0.22 % = -0.14 %	-7.00 %
Future2SesAvgClose	0.10 % minus 0.11 % = -0.02 %	-2.19 %
	.

The best buy signal for 30 future sessions was 0.11 % from the Moving Avg. 20/200 Divergence,and the best sell signal for was -1.95 % from the Projected Crossing of SMA 20/200..

For 5 future sessions the best buy signal was 0.38 % from the Projected Crossing of SMA 5/20.,and the best sell signal was -0.80 % from the Projected Crossing of SMA 20/200..

The best buy signal for 2 future sessions was 0.38 % from the Moving Avg. 5/20 Divergence,and the best sell signal was -0.60 % from the Moving Avg. 20/200 Divergence.

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Moving Average Analysis of - AXP