Schwab U.S. Large-Cap Growth ETF Forecast

Schwab U.S. Large-Cap Growth ETF upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Apr 23, 2024)

SCHG Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.68%. Further rise is indicated until a new top pivot has been found. 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. The Schwab U.S. Large-Cap Growth ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $91.50. On a fall, the ETF will find some support from the short-term average at $89.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Schwab U.S. Large-Cap Growth ETF

Schwab U.S. Large-Cap Growth finds support from accumulated volume at $88.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $1.18 (1.34%) between high and low. For the last week, the ETF has had daily average volatility of 1.76%.

Our recommended stop-loss: $84.67 (-5.26%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (SCHG) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Schwab U.S. Large-Cap Growth ETF to open at $89.05, and during the day (based on 14 day Average True Range), to move between $87.95 and $90.79, which gives a possible trading interval of +/-$1.42 (+/-1.59%) up or down from last closing price. If Schwab U.S. Large-Cap Growth ETF takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $89.79 (0.47%) than the support at $88.30 (1.20%), 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. Large-Cap Growth ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Schwab U.S. Large-Cap Growth ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.562 Buy Candidate Upgraded

Predicted Opening Price for Schwab U.S. Large-Cap Growth ETF of Wednesday, April 24, 2024

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