SCHWAB U.S. MID-CAP ETF Forecast
Stronger technical forecast for SCHWAB U.S. MID-CAP ETF price after Tuesday trading.
(Updated on Jun 25, 2024)
The SCHWAB U.S. MID-CAP ETF price fell by -0.87% on the last day (Tuesday, 25th Jun 2024) from $78.55 to $77.87. During the last trading day the ETF fluctuated 1.08% from a day low at $77.65 to a day high of $78.49. The price has been going up and down for this period, and there has been a -0.32% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -88 thousand shares and in total, 177 thousand shares were bought and sold for approximately $13.75 million.
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 $74.49 and $80.15 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
There are mixed signals in the ETF today. 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 $77.99 and $78.95. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.790%. 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).
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 $0.84 between high and low, or 1.08%. For the last week the ETF has had daily average volatility of 0.86%.
Our recommended stop-loss: $73.30 (-5.87%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (SCHM) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SCHWAB U.S. MID-CAP ETF to open at $78.00, and during the day (based on 14 day Average True Range), to move between $76.96 and $78.78, which gives a possible trading interval of +/-$0.91 (+/-1.16%) 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 2.33% 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 (0.21%) than the support at $77.33 (0.69%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.988 Hold/Accumulate Upgraded
Predicted Opening Price for SCHWAB U.S. MID-CAP ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $78.00 ( 0.171%) | $77.87 |
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 | 78.84 | 1.25% |
| R2 | 78.52 | 0.84% |
| R1 | 78.32 | 0.583% |
| Price | 77.87 | |
| S1 | 77.68 | -0.241% |
| S2 | 77.48 | -0.495% |
| S3 | 77.16 | -0.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 80.34 | 3.17% |
| R2 | 80.03 | 2.77% |
| R1 | 78.03 | 0.205% |
| Price | 77.87 | |
| S1 | 77.33 | -0.693% |
| S2 | 76.46 | -1.81% |
| S3 | 76.39 | -1.90% |
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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