The Charles Schwab Corporation Stock Forecast
Green day on Monday for The Charles Schwab Corporation
(Updated on Jun 24, 2024)
The The Charles Schwab Corporation stock price gained 2.72% on the last trading day (Monday, 24th Jun 2024), rising from $72.73 to $74.71. During the last trading day the stock fluctuated 2.04% from a day low at $73.34 to a day high of $74.84. The price has fallen in 5 of the last 10 days but is still up by 1.07% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 60 thousand more shares were traded than the day before. In total, 64 thousand shares were bought and sold for approximately $4.81 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.17% during the next 3 months and, with a 90% probability hold a price between $72.31 and $81.40 at the end of this 3-month period.
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0L3I.L Signals & Forecast
Mostly positive signals in the chart today. The The Charles Schwab Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $72.98 and $74.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 6.27%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for The Charles Schwab Corporation stock
The Charles Schwab Corporation finds support from accumulated volume at $72.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.50 between high and low, or 2.04%. For the last week the stock has had daily average volatility of 1.08%.
Our recommended stop-loss: $70.70 (-5.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (0L3I.L) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect The Charles Schwab Corporation to open at $74.30, and during the day (based on 14 day Average True Range), to move between $73.46 and $75.96, which gives a possible trading interval of +/-$1.25 (+/-1.67%) up or down from last closing price. If The Charles Schwab Corporation takes out the full calculated possible swing range there will be an estimated 3.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $75.43 (0.96%) than the support at $72.29 (3.24%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is The Charles Schwab Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for The Charles Schwab Corporation stock to perform well in the short-term.
Current score: 2.653 Buy Candidate Unchanged
Predicted Opening Price for The Charles Schwab Corporation of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
$74.30 ( 0.553%) | $74.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0L3I.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 75.80 | 1.45% |
R2 | 75.22 | 0.687% |
R1 | 74.87 | 0.213% |
Price | 74.71 | |
S1 | 73.72 | -1.32% |
S2 | 73.37 | -1.79% |
S3 | 72.80 | -2.56% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 78.07 | 4.50% |
R2 | 76.33 | 2.17% |
R1 | 75.43 | 0.96% |
Price | 74.71 | |
S1 | 72.29 | -3.24% |
S2 | 71.95 | -3.69% |
S3 | 71.72 | -4.00% |
0L3I Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 09, 2024 | May 09, 2024 | May 24, 2024 | $0.250 | 0.345% |
2 | Feb 08, 2024 | Feb 08, 2024 | Feb 23, 2024 | $0.250 | 0.386% |
3 | Nov 09, 2023 | Nov 09, 2023 | Nov 09, 2023 | $0.250 | 0.458% |
4 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | $0.250 | 0.386% |
5 | May 11, 2023 | May 11, 2023 | May 11, 2023 | $0.250 | 0.525% |
FAQ
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