Schwab 1-5 Year Corporate Bond ETF Forecast

Schwab 1-5 Year Corporate Bond ETF price down 0.0750% on Tuesday
(Updated on May 28, 2024)

SCHJ Signals & Forecast

The Schwab 1-5 Year Corporate Bond 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 $48.13. On a fall, the ETF will find some support from the long-term average at approximately $47.98. 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. 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 Wednesday, May 15, 2024, and so far it has fallen -0.321%. 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). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, August 29, 2023.

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 1-5 Year Corporate Bond ETF

Schwab 1-5 Year Corporate Bond finds support from accumulated volume at $48.07 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 $0.0990 between high and low, or 0.206%. For the last week the ETF has had daily average volatility of 0.147%.

Our recommended stop-loss: $45.32 (-5.72%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)

Trading Expectations (SCHJ) For The Upcoming Trading Day Of Wednesday 29th

For the upcoming trading day on Wednesday, 29th we expect Schwab 1-5 Year Corporate Bond ETF to open at $48.10, and during the day (based on 14 day Average True Range), to move between $47.99 and $48.16, which gives a possible trading interval of +/-$0.0849 (+/-0.18%) up or down from last closing price. If Schwab 1-5 Year Corporate Bond ETF takes out the full calculated possible swing range there will be an estimated 0.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $48.07 (0.01%) than the resistance at $48.09 (0.03%), 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 1-5 Year Corporate Bond ETF ETF A Buy?

Schwab 1-5 Year Corporate Bond holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.743 Hold/Accumulate Unchanged

Predicted Opening Price for Schwab 1-5 Year Corporate Bond ETF of Wednesday, May 29, 2024

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