Schwab U.S. Broad Market ETF Forecast
Schwab U.S. Broad Market ETF price up 0.757% on Friday
(Updated on May 31, 2024)
The Schwab U.S. Broad Market ETF price gained 0.757% on the last trading day (Friday, 31st May 2024), rising from $60.73 to $61.19. During the last trading day the ETF fluctuated 1.67% from a day low at $60.20 to a day high of $61.20. The price has risen in 6 of the last 10 days but is still down by -0.55% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 119 thousand more shares were traded than the day before. In total, 695 thousand shares were bought and sold for approximately $42.50 million.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $61.93 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Schwab U.S. Broad Market ETF with a 90% probability to be traded between $59.04 and $62.98 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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SCHB Signals & Forecast
The Schwab U.S. Broad Market ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $61.23. On a fall, the ETF will find some support from the long-term average at approximately $59.95. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -1.00%. 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).
Support, Risk & Stop-loss for Schwab U.S. Broad Market ETF
Schwab U.S. Broad Market finds support from accumulated volume at $60.46 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 $1.00 between high and low, or 1.67%. For the last week the ETF has had daily average volatility of 0.83%.
Our recommended stop-loss: $58.83 (-3.86%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (SCHB) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Schwab U.S. Broad Market ETF to open at $60.86, and during the day (based on 14 day Average True Range), to move between $60.61 and $61.77, which gives a possible trading interval of +/-$0.577 (+/-0.94%) up or down from last closing price. If Schwab U.S. Broad Market ETF takes out the full calculated possible swing range there will be an estimated 1.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $61.47 (0.46%) than the support at $60.46 (1.19%), 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 Schwab U.S. Broad Market 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 U.S. Broad Market ETF to perform well in the short-term period.
Current score: 2.659 Buy Candidate Unchanged
Predicted Opening Price for Schwab U.S. Broad Market ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $60.86 ( 0.536%) | $61.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCHB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.87 | 1.10 % | |
| R2 | 61.48 | 0.478 % | ||
| R1 | 61.25 | 0.0907 % | ||
| Current price: | 61.19 | |||
| Support | S1 | 60.48 | -1.16 % | |
| S2 | 60.24 | -1.55 % | ||
| S3 | 59.86 | -2.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.65 | 0.752 % | |
| R2 | 61.53 | 0.556 % | ||
| R1 | 61.47 | 0.458 % | ||
| Current price | 61.19 | |||
| Support | S1 | 60.46 | -1.19% | |
| S2 | 58.65 | -4.15% | ||
| S3 | 58.48 | -4.43% |
SCHB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Mar 20, 2024 | Mar 25, 2024 | $0.187 | 0.308% |
| 2 | Dec 06, 2023 | Dec 06, 2023 | Dec 06, 2023 | $0.224 | 0.424% |
| 3 | Mar 10, 2023 | Sep 20, 2023 | Sep 25, 2023 | $0.190 | 0.378% |
| 4 | Mar 10, 2023 | Jun 21, 2023 | Jun 26, 2023 | $0.186 | 0.370% |
| 5 | Mar 10, 2023 | Mar 22, 2023 | Mar 27, 2023 | $0.178 | 0.384% |
FAQ
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