TradingKey – Shares of American Express (NYSE: AXP) are now at $340.54 after a double top pattern near $346.89 appeared to develop across the daily timeframe, while lower highs alongside distribution candles with long upper wicks above resistance also emerged. The stock’s 14-day RSI is at 69.07 and getting close to overbought, and candlestick pattern recognition says it looks like a distribution rather than new accumulation pattern, a combination the chart reads as an early momentum shift after the rally phase. This is after Q1 2026 revenue of $18.9 billion, up 11% or 10% in FX-adjusted terms, earnings per share (EPS) of $4.28, up 18% in year-over-year terms, and a card member net write-off rate of 2.3% in Q1, a level considered to be…