Schwab U.S. Large-Cap Value ETF Forecast
Schwab U.S. Large-Cap Value ETF downgraded to Buy Candidate
(Updated on May 16, 2024)
The Schwab U.S. Large-Cap Value ETF price gained 0.0264% on the last trading day (Thursday, 16th May 2024), rising from $75.62 to $75.64. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.324% from a day low at $75.61 to a day high of $75.86. The price has risen in 9 of the last 10 days and is up by 3.83% over the past 2 weeks. Volume fell on the last day by -34 thousand shares and in total, 235 thousand shares were bought and sold for approximately $17.81 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 ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $76.40 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Schwab U.S. Large-Cap Value ETF with a 90% probability to be traded between $72.72 and $77.17 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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SCHV Signals & Forecast
Mostly positive signals in the chart today. The Schwab U.S. Large-Cap Value 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 $74.94 and $73.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 5.44%. 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 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.
Support, Risk & Stop-loss for Schwab U.S. Large-Cap Value ETF
Schwab U.S. Large-Cap Value finds support from accumulated volume at $73.88 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 $0.245 between high and low, or 0.324%. For the last week the ETF has had daily average volatility of 0.469%.
Our recommended stop-loss: $71.94 (-4.89%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (SCHV) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Schwab U.S. Large-Cap Value ETF to open at $75.70, and during the day (based on 14 day Average True Range), to move between $75.06 and $76.22, which gives a possible trading interval of +/-$0.585 (+/-0.77%) up or down from last closing price. If Schwab U.S. Large-Cap Value ETF takes out the full calculated possible swing range there will be an estimated 1.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $75.68 (0.05%) than the support at $73.88 (2.33%), 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. Large-Cap Value ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Schwab U.S. Large-Cap Value ETF to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.920 Buy Candidate Downgraded
Predicted Opening Price for Schwab U.S. Large-Cap Value ETF of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $75.70 ( 0.0815%) | $75.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCHV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.95 | 0.405 % | |
| R2 | 75.85 | 0.282 % | ||
| R1 | 75.80 | 0.205 % | ||
| Current price: | 75.64 | |||
| Support | S1 | 75.61 | -0.0422 % | |
| S2 | 75.55 | -0.119 % | ||
| S3 | 75.46 | -0.242 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 75.98 | 0.449 % | ||
| R1 | 75.68 | 0.0529 % | ||
| Current price | 75.64 | |||
| Support | S1 | 73.88 | -2.33% | |
| S2 | 72.67 | -3.93% | ||
| S3 | 72.07 | -4.72% |
SCHV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Mar 20, 2024 | Mar 25, 2024 | $0.394 | 0.528% |
| 2 | Dec 06, 2023 | Dec 06, 2023 | Dec 06, 2023 | $0.482 | 0.722% |
| 3 | Mar 10, 2023 | Sep 20, 2023 | Sep 25, 2023 | $0.419 | 0.641% |
| 4 | Mar 10, 2023 | Jun 21, 2023 | Jun 26, 2023 | $0.405 | 0.617% |
| 5 | Mar 10, 2023 | Mar 22, 2023 | Mar 27, 2023 | $0.389 | 0.612% |
FAQ
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