Schwab U.S. REIT ETF Forecast
Schwab U.S. REIT ETF price ended at $19.86 on Tuesday, after gaining 0.404%.
(Updated on Jul 02, 2024)
The Schwab U.S. REIT ETF price gained 0.404% on the last trading day (Tuesday, 2nd Jul 2024), rising from $19.78 to $19.86. During the last trading day the ETF fluctuated 0.759% from a day low at $19.76 to a day high of $19.91. The price has risen in 6 of the last 10 days but is still down by -0.1% for this period. Volume fell on the last day by -805 thousand shares and in total, 3 million shares were bought and sold for approximately $65.53 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 lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 4.29% during the next 3 months and, with a 90% probability hold a price between $20.06 and $21.35 at the end of this 3-month period.
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SCHH Signals & Forecast
The Schwab U.S. REIT 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 $19.85 and $19.76. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.24%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Monday, June 24, 2024 and based on theory for this formation the price should fall by -6.55% to $18.56 within 26 trading days since signal was issued (Wednesday, July 31, 2024).
Support, Risk & Stop-loss for Schwab U.S. REIT ETF
Schwab U.S. REIT finds support from accumulated volume at $19.74 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 $0.150 between high and low, or 0.759%. For the last week the ETF has had daily average volatility of 1.12%.
Our recommended stop-loss: $19.17 (-3.47%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (SCHH) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Schwab U.S. REIT ETF to open at $19.84, and during the day (based on 14 day Average True Range), to move between $19.60 and $20.12, which gives a possible trading interval of +/-$0.260 (+/-1.31%) up or down from last closing price. If Schwab U.S. REIT ETF takes out the full calculated possible swing range there will be an estimated 2.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.88 (0.10%) than the support at $19.74 (0.60%), 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. REIT 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. REIT ETF to perform well in the short-term.
Current score: 2.503 Buy Candidate Unchanged
Predicted Opening Price for Schwab U.S. REIT ETF of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $19.84 ( 0.0839%) | $19.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCHH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.99 | 0.671% |
| R2 | 19.94 | 0.383% |
| R1 | 19.90 | 0.205% |
| Price | 19.86 | |
| S1 | 19.79 | -0.372% |
| S2 | 19.75 | -0.551% |
| S3 | 19.69 | -0.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.93 | 0.352% |
| R2 | 19.92 | 0.302% |
| R1 | 19.88 | 0.101% |
| Price | 19.86 | |
| S1 | 19.74 | -0.604% |
| S2 | 19.71 | -0.755% |
| S3 | 19.38 | -2.42% |
SCHH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Mar 20, 2024 | Mar 25, 2024 | $0.107 | 0.544% |
| 2 | Dec 06, 2023 | Dec 06, 2023 | Dec 06, 2023 | $0.225 | 1.16% |
| 3 | Mar 15, 2023 | Sep 20, 2023 | Sep 25, 2023 | $0.141 | 0.784% |
| 4 | Mar 15, 2023 | Jun 21, 2023 | Jun 26, 2023 | $0.186 | 0.98% |
| 5 | Mar 15, 2023 | Mar 22, 2023 | Mar 27, 2023 | $0.120 | 0.650% |
FAQ
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