SCHWAB 1000 INDEX SCHWAB 1000 INDEX ETF Forecast
SCHWAB 1000 INDEX SCHWAB 1000 INDEX ETF upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Jun 17, 2024)
The SCHWAB 1000 INDEX SCHWAB 1000 INDEX ETF price gained 0.786% on the last trading day (Monday, 17th Jun 2024), rising from $52.17 to $52.58. During the last trading day the ETF fluctuated 1.21% from a day low at $52.06 to a day high of $52.69. The price has risen in 6 of the last 10 days and is up by 3.36% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 69 thousand more shares were traded than the day before. In total, 187 thousand shares were bought and sold for approximately $9.84 million.
Given the current short-term trend, the ETF is expected to rise 4.15% during the next 3 months and, with a 90% probability hold a price between $51.20 and $54.76 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SCHK Signals & Forecast
Mostly positive signals in the chart today. The SCHWAB 1000 INDEX SCHWAB 1000 INDEX 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 $51.95 and $50.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 9.93%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for SCHWAB 1000 INDEX SCHWAB 1000 INDEX ETF
SCHWAB 1000 INDEX SCHWAB 1000 INDEX finds support from accumulated volume at $51.12 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 $0.630 between high and low, or 1.21%. For the last week the ETF has had daily average volatility of 0.81%.
Our recommended stop-loss: $50.73 (-3.52%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 55 days ago.)
Trading Expectations (SCHK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect SCHWAB 1000 INDEX ETF SCHWAB 1000 INDEX ETF to open at $52.44, and during the day (based on 14 day Average True Range), to move between $52.11 and $53.05, which gives a possible trading interval of +/-$0.466 (+/-0.89%) up or down from last closing price. If SCHWAB 1000 INDEX ETF SCHWAB 1000 INDEX ETF takes out the full calculated possible swing range there will be an estimated 1.77% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $51.12, some $1.46 (2.78%) from the current price of $52.58, our system finds the risk reward attractive.
Is SCHWAB 1000 INDEX ETF SCHWAB 1000 INDEX 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 1000 INDEX SCHWAB 1000 INDEX 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: 4.764 Buy Candidate Upgraded
Predicted Opening Price for SCHWAB 1000 INDEX ETF SCHWAB 1000 INDEX ETF of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$52.44 ( 0.260%) | $52.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCHK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 53.07 | 0.94% |
R2 | 52.83 | 0.481% |
R1 | 52.68 | 0.198% |
Price | 52.58 | |
S1 | 52.20 | -0.718% |
S2 | 52.05 | -1.00% |
S3 | 51.81 | -1.46% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 52.58 | |
S1 | 51.12 | -2.78% |
S2 | 50.56 | -3.84% |
S3 | 50.45 | -4.05% |
SCHK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 20, 2024 | Mar 20, 2024 | Mar 25, 2024 | $0.154 | 0.306% |
2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.0070 | 0.0151% |
3 | Dec 06, 2023 | Dec 06, 2023 | Dec 06, 2023 | $0.179 | 0.409% |
4 | Mar 15, 2023 | Sep 20, 2023 | Sep 25, 2023 | $0.153 | 0.367% |
5 | Mar 15, 2023 | Jun 21, 2023 | Jun 26, 2023 | $0.153 | 0.368% |
FAQ
Click here for our free guide on how to buy SCHWAB 1000 INDEX ETF SCHWAB 1000 INDEX ETF ETF.