Schwab Fundamental U.S. Broad Market ETF Forecast
Stronger technical forecast for Schwab Fundamental U.S. Broad Market ETF price after Monday trading.
(Updated on Jun 17, 2024)
The Schwab Fundamental U.S. Broad Market ETF price gained 0.792% on the last trading day (Monday, 17th Jun 2024), rising from $65.04 to $65.56. During the last trading day the ETF fluctuated 1.01% from a day low at $64.95 to a day high of $65.60. The price has fallen in 6 of the last 10 days but is still up by 0.41% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 17 thousand shares were bought and sold for approximately $1.08 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Schwab Fundamental U.S. Broad Market ETF with a 90% probability to be traded between $63.82 and $67.61 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FNDB Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -1.06%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Schwab Fundamental U.S. Broad Market ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $65.35 and $65.10. A breakdown below any of these levels will issue sell signals.
A sell signal from a double top formation was found on Friday, May 17, 2024 and based on theory for this formation the price should fall by -7.08% to $60.91 within 35 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for Schwab Fundamental U.S. Broad Market ETF
Schwab Fundamental U.S. Broad Market finds support from accumulated volume at $65.41 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.655 between high and low, or 1.01%. For the last week the ETF has had daily average volatility of 0.81%
Our recommended stop-loss: $63.02 (-3.87%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (FNDB) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Schwab Fundamental U.S. Broad Market Index ETF to open at $65.37, and during the day (based on 14 day Average True Range), to move between $65.01 and $66.10, which gives a possible trading interval of +/-$0.547 (+/-0.83%) up or down from last closing price. If Schwab Fundamental U.S. Broad Market Index ETF takes out the full calculated possible swing range there will be an estimated 1.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $65.41 (0.22%) than the resistance at $65.71 (0.24%), 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. Broad Market Index ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Schwab Fundamental U.S. Broad Market ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.325 Buy Candidate Upgraded
Predicted Opening Price for Schwab Fundamental U.S. Broad Market Index ETF of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $65.37 ( 0.282%) | $65.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FNDB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 66.02 | 0.716% |
| R2 | 65.77 | 0.335% |
| R1 | 65.62 | 0.0992% |
| Price | 65.56 | |
| S1 | 65.12 | -0.664% |
| S2 | 64.97 | -0.90% |
| S3 | 64.72 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 66.26 | 1.08% |
| R2 | 65.78 | 0.343% |
| R1 | 65.71 | 0.236% |
| Price | 65.56 | |
| S1 | 65.41 | -0.221% |
| S2 | 65.24 | -0.481% |
| S3 | 65.04 | -0.786% |
FNDB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Mar 20, 2024 | Mar 25, 2024 | $0.271 | 0.416% |
| 2 | Dec 06, 2023 | Dec 06, 2023 | Dec 06, 2023 | $0.318 | 0.551% |
| 3 | Mar 10, 2023 | Sep 20, 2023 | Sep 25, 2023 | $0.262 | 0.470% |
| 4 | Mar 10, 2023 | Jun 21, 2023 | Jun 26, 2023 | $0.272 | 0.493% |
| 5 | Mar 10, 2023 | Mar 22, 2023 | Mar 27, 2023 | $0.249 | 0.475% |
FAQ
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