SCHWAB U.S. MID-CAP ETF Forecast
Green day on Monday for SCHWAB U.S. MID-CAP
(Updated on Jun 17, 2024)
The SCHWAB U.S. MID-CAP ETF price gained 0.80% on the last trading day (Monday, 17th Jun 2024), rising from $77.26 to $77.88. During the last trading day the ETF fluctuated 1.26% from a day low at $77.03 to a day high of $78.00. The price has fallen in 6 of the last 10 days and is down by -0.99% for this period. Volume fell on the last day by -26 thousand shares and in total, 167 thousand shares were bought and sold for approximately $13.02 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SCHWAB U.S. MID-CAP ETF with a 90% probability to be traded between $74.17 and $79.88 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SCHM Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.80%. 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 U.S. MID-CAP 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 $77.93 and $78.82. 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).
A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -8.28% to $71.43 within 33 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for SCHWAB U.S. MID-CAP ETF
SCHWAB U.S. MID-CAP finds support from accumulated volume at $77.33 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 $0.97 between high and low, or 1.26%. For the last week the ETF has had daily average volatility of 1.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SCHM) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect SCHWAB U.S. MID-CAP ETF to open at $77.64, and during the day (based on 14 day Average True Range), to move between $76.89 and $78.87, which gives a possible trading interval of +/-$0.99 (+/-1.28%) up or down from last closing price. If SCHWAB U.S. MID-CAP ETF takes out the full calculated possible swing range there will be an estimated 2.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $78.03 (0.19%) than the support at $77.33 (0.71%), 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. MID-CAP ETF ETF A Buy?
SCHWAB U.S. MID-CAP holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.622 Sell Candidate Unchanged
Predicted Opening Price for SCHWAB U.S. MID-CAP ETF of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $77.64 ( 0.311%) | $77.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCHM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 78.61 | 0.93% |
| R2 | 78.24 | 0.456% |
| R1 | 78.01 | 0.163% |
| Price | 77.88 | |
| S1 | 77.27 | -0.786% |
| S2 | 77.04 | -1.08% |
| S3 | 76.67 | -1.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 80.34 | 3.16% |
| R2 | 80.03 | 2.76% |
| R1 | 78.03 | 0.193% |
| Price | 77.88 | |
| S1 | 77.33 | -0.706% |
| S2 | 76.46 | -1.82% |
| S3 | 76.39 | -1.91% |
SCHM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Mar 20, 2024 | Mar 25, 2024 | $0.258 | 0.323% |
| 2 | Dec 06, 2023 | Dec 06, 2023 | Dec 06, 2023 | $0.341 | 0.485% |
| 3 | Mar 10, 2023 | Sep 20, 2023 | Sep 25, 2023 | $0.260 | 0.384% |
| 4 | Mar 10, 2023 | Jun 21, 2023 | Jun 26, 2023 | $0.296 | 0.431% |
| 5 | Mar 10, 2023 | Mar 22, 2023 | Mar 27, 2023 | $0.235 | 0.360% |
FAQ
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