SCHWAB EMERGING MARKETS EQUITY ETF Forecast

SCHWAB EMERGING MARKETS EQUITY ETF upgraded to Buy Candidate.
(Updated on Jun 17, 2024)

SCHE Signals & Forecast

A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -2.10%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The SCHWAB EMERGING MARKETS EQUITY ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF 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 $26.40 and $26.41. A breakdown below any of these levels will issue sell signals. 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. The ETF had a Golden Star Signal on Tuesday, September 12, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for SCHWAB EMERGING MARKETS EQUITY ETF

SCHWAB EMERGING MARKETS EQUITY finds support from accumulated volume at $26.35 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 $0.179 between high and low, or 0.675%. For the last week the ETF has had daily average volatility of 0.642%.

Our recommended stop-loss: $25.44 (-4.48%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 43 days ago.)

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

For the upcoming trading day on Tuesday, 18th we expect SCHWAB EMERGING MARKETS EQUITY ETF to open at $26.58, and during the day (based on 14 day Average True Range), to move between $26.38 and $26.88, which gives a possible trading interval of +/-$0.255 (+/-0.96%) up or down from last closing price. If SCHWAB EMERGING MARKETS EQUITY ETF takes out the full calculated possible swing range there will be an estimated 1.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $26.66 (0.11%) than the support at $26.35 (1.05%), 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 EMERGING MARKETS EQUITY ETF ETF A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.261 Buy Candidate Upgraded

Predicted Opening Price for SCHWAB EMERGING MARKETS EQUITY ETF of Tuesday, June 18, 2024

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