The Charles Schwab Corporation Stock Forecast
Weaker technical forecast for The Charles Schwab Corporation as stock downgraded to Sell Candidate.
(Updated on Jun 28, 2024)
The The Charles Schwab Corporation stock price fell by -0.397% on the last day (Friday, 28th Jun 2024) from $25.22 to $25.12. During the last trading day the stock fluctuated 0.527% from a day low at $25.12 to a day high of $25.25. The price has fallen in 4 of the last 10 days and is down by -0.28% for this period. Volume has increased on the last day by 34 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, 61 thousand shares were bought and sold for approximately $1.53 million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect The Charles Schwab Corporation stock with a 90% probability to be traded between $24.95 and $25.48 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SCHW-PD Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 0.84%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Charles Schwab Corporation stock 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 $25.19 and $25.12. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Monday, May 13, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, May 13, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for The Charles Schwab Corporation stock
The Charles Schwab Corporation finds support from accumulated volume at $25.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.133 between high and low, or 0.527%. For the last week the stock has had daily average volatility of 0.330%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SCHW-PD) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect The Charles Schwab Corporation to open at $25.16, and during the day (based on 14 day Average True Range), to move between $25.00 and $25.24, which gives a possible trading interval of +/-$0.117 (+/-0.47%) up or down from last closing price. If The Charles Schwab Corporation takes out the full calculated possible swing range there will be an estimated 0.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.10 (0.08%) than the resistance at $25.17 (0.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Charles Schwab Corporation stock A Buy?
The Charles Schwab Corporation holds several negative signals and is within a narrow and 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 stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.202 Sell Candidate Downgraded
Predicted Opening Price for The Charles Schwab Corporation of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$25.16 ( 0.176%) | $25.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCHW-PD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.30 | 0.703% |
R2 | 25.25 | 0.502% |
R1 | 25.21 | 0.377% |
Price | 25.12 | |
S1 | 25.11 | -0.0257% |
S2 | 25.08 | -0.150% |
S3 | 25.03 | -0.352% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.22 | 0.398% |
R2 | 25.19 | 0.279% |
R1 | 25.17 | 0.199% |
Price | 25.12 | |
S1 | 25.10 | -0.0796% |
S2 | 25.03 | -0.358% |
S3 | 24.96 | -0.637% |
SCHW-PD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 16, 2024 | May 16, 2024 | Jun 03, 2024 | $0.372 | 1.48% |
2 | Feb 14, 2024 | Feb 14, 2024 | Feb 14, 2024 | $0.372 | 1.48% |
3 | Nov 15, 2023 | Nov 15, 2023 | Dec 01, 2023 | $0.372 | 1.49% |
4 | Aug 16, 2023 | Aug 16, 2023 | Sep 01, 2023 | $0.372 | 1.50% |
5 | May 16, 2023 | May 16, 2023 | May 16, 2023 | $0.372 | 1.52% |
FAQ
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