Schwab International Equity ETF Forecast

Green day on Friday for Schwab International Equity ETF after gaining 0.0538%
(Updated on Apr 19, 2024)

SCHF Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.0538%. 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 International Equity 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 $37.52 and $38.42. 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).

Support, Risk & Stop-loss for Schwab International Equity ETF

Schwab International Equity finds support from accumulated volume at $37.19 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 $0.245 between high and low, or 0.661%. For the last week the ETF has had daily average volatility of 1.01%.

Schwab International Equity is oversold on RSI14 (23). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SCHF) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Schwab International Equity ETF to open at $37.22, and during the day (based on 14 day Average True Range), to move between $36.83 and $37.59, which gives a possible trading interval of +/-$0.384 (+/-1.03%) up or down from last closing price. If Schwab International Equity ETF takes out the full calculated possible swing range there will be an estimated 2.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $37.19 (0.05%) than the resistance at $38.52 (3.52%), 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 International Equity ETF ETF A Buy?

The Schwab International Equity ETF holds several negative signals and despite the positive trend, we believe Schwab International Equity will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -3.065 Sell Candidate Unchanged

Predicted Opening Price for Schwab International Equity ETF of Monday, April 22, 2024

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