Schwab Fundamental U.S. Small Co Index ETF Forecast

Stronger technical forecast for Schwab Fundamental U.S. Small Co Index ETF price after Monday trading.
(Updated on Jun 17, 2024)

FNDA Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.83%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Schwab Fundamental U.S. Small Co Index ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $54.76 and $55.58. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -8.19% to $50.11 within 33 trading days since signal was issued (Tuesday, June 18, 2024).

Support, Risk & Stop-loss for Schwab Fundamental U.S. Small Co Index ETF

Schwab Fundamental U.S. Small Co Index finds support from accumulated volume at $54.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.780 between high and low, or 1.45%. For the last week the ETF has had daily average volatility of 1.38%.

Our recommended stop-loss: $51.51 (-5.63%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (FNDA) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Schwab Fundamental U.S. Small Company Index ETF to open at $54.35, and during the day (based on 14 day Average True Range), to move between $53.80 and $55.36, which gives a possible trading interval of +/-$0.780 (+/-1.43%) up or down from last closing price. If Schwab Fundamental U.S. Small Company Index ETF takes out the full calculated possible swing range there will be an estimated 2.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $54.13 (0.82%) than the resistance at $55.61 (1.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Schwab Fundamental U.S. Small Company Index ETF ETF A Buy?

Schwab Fundamental U.S. Small Co Index holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.194 Hold/Accumulate Upgraded

Predicted Opening Price for Schwab Fundamental U.S. Small Company Index ETF of Tuesday, June 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.