Schwab Long-term U.s. Treasury Etf ETF Forecast
Schwab Long-term U.s. Treasury Etf ETF downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The Schwab Long-term U.s. Treasury Etf ETF price fell by -1.59% on the last day (Friday, 28th Jun 2024) from $33.34 to $32.81. During the last trading day the ETF fluctuated 1.92% from a day low at $32.79 to a day high of $33.42. The price has risen in 6 of the last 10 days but is still down by -1.97% for this period. Volume has increased on the last day by 77 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 180 thousand shares were bought and sold for approximately $5.92 million.
The ETF lies in the middle of a narrow and 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 3.80% during the next 3 months and, with a 90% probability hold a price between $33.56 and $35.18 at the end of this 3-month period.
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SCHQ Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Schwab Long-term U.s. Treasury Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $33.37 and $32.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -2.67%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Schwab Long-term U.s. Treasury Etf ETF
Schwab Long-term U.s. Treasury Etf finds support from accumulated volume at $32.49 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 1.92%. For the last week the ETF has had daily average volatility of 0.707%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SCHQ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Schwab Long-term U.s. Treasury Etf to open at $33.01, and during the day (based on 14 day Average True Range), to move between $32.47 and $33.15, which gives a possible trading interval of +/-$0.338 (+/-1.03%) up or down from last closing price. If Schwab Long-term U.s. Treasury Etf takes out the full calculated possible swing range there will be an estimated 2.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $32.92 (0.34%) than the support at $32.49 (0.98%), 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 Long-term U.s. Treasury Etf ETF A Buy?
The Schwab Long-term U.s. Treasury Etf ETF holds several negative signals and despite the positive trend, we believe Schwab Long-term U.s. Treasury Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.030 Sell Candidate Downgraded
Predicted Opening Price for Schwab Long-term U.s. Treasury Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $33.01 ( 0.599%) | $32.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCHQ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.64 | 2.52% |
| R2 | 33.40 | 1.79% |
| R1 | 33.25 | 1.33% |
| Price | 32.81 | |
| S1 | 32.77 | -0.134% |
| S2 | 32.62 | -0.587% |
| S3 | 32.38 | -1.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.70 | 2.71% |
| R2 | 33.04 | 0.701% |
| R1 | 32.92 | 0.335% |
| Price | 32.81 | |
| S1 | 32.49 | -0.98% |
| S2 | 32.25 | -1.71% |
| S3 | 31.81 | -3.05% |
FAQ
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