# American Express Shares Close Below Three Key EMAs at $308.17 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/29893 Published: 2026-10-11T18:11:04.000Z Updated: 2026-10-11T18:11:04.000Z Section: Investing > The stock’s daily RSI remained below 50, while hourly RSI and MACD pointed to stronger short-term momentum. American Express shares closed below three key exponential moving averages on Oct. 9, signaling a weaker daily trend even as hourly indicators pointed to stronger short-term momentum. Trading ranged from $302.26 to $308.79 before the shares finished at $308.17 at 4 p.m. ET (8 p.m. UTC). It opened at $303.82. The close was below the 20-session EMA at $309.90, the 50-session EMA at $319.53 and the 200-session EMA at $326.66. The daily RSI14 was 42.59, below the neutral 50 level. Daily MACD was negative at -5.47 but remained above its -6.61 signal line, producing a positive histogram of 1.14. The daily Bollinger mid-band was $308.62, with an upper band of $322.09 and a lower band of $295.15. Daily ATR14 was $5.69. The next-session daily pivot was $306.41, with first resistance at $310.55 and first support at $304.02. Shorter-term readings were firmer. Hourly RSI14 was 61.79, and the hourly MACD line stood at 1.17, above its 0.77 signal line. The stock remained below the 200-hour EMA at $314.04. The market indicators came as the Office of the Comptroller of the Currency announced a $350 million civil money penalty against American Express National Bank on Oct. 8. The bank failed to establish and maintain a Bank Secrecy Act and anti-money-laundering compliance program reasonably designed to assure and monitor compliance with the law. American Express also announced the launch of its next-generation Amex Corporate platform on Sept. 30. The platform combines Corporate Cashback Cards, expense-management software, a mobile app and artificial-intelligence capabilities. “ Our new Amex Corporate features are designed to help businesses know where money is going and who's spending it, save time and simplify day-to-day operations, all backed by the trust and service of American Express,” Raymond Joabar, Group President, Global Commercial Services at American Express, said in the announcement. TokenPost previously covered the [American Express National Bank $350 million OCC penalty](). ## Links in this article - [American Express National Bank $350 million OCC penalty](https://www.tokenpost.com/news/regulation/29157)