Schwab U.S. Large-Cap ETF Forecast
Schwab U.S. Large-Cap ETF price up 0.127% on Monday
(Updated on May 20, 2024)
The Schwab U.S. Large-Cap ETF price gained 0.127% on the last trading day (Monday, 20th May 2024), rising from $62.78 to $62.86. During the last trading day the ETF fluctuated 0.440% from a day low at $62.73 to a day high of $63.00. The price has risen in 8 of the last 10 days and is up by 2.56% over the past 2 weeks. Volume fell on the last day by -355 thousand shares and in total, 776 thousand shares were bought and sold for approximately $48.75 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 has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $62.54 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach $66.12 sometime during the next 3 months.
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SCHX Signals & Forecast
Mostly positive signals in the chart today. The Schwab U.S. Large-Cap 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 $62.39 and $60.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.09%. 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 ETF
Schwab U.S. Large-Cap finds support from accumulated volume at $61.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.276 (0.440%) between high and low. For the last week, the ETF has had daily average volatility of 0.591%.
The Schwab U.S. Large-Cap ETF is extremely overbought on RSI14 (90). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.
Our recommended stop-loss: $61.16 (-2.70%) (This ETF has low daily movements and this gives low risk. The RSI14 is 90 and this increases the risk substantially. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (SCHX) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Schwab U.S. Large-Cap ETF to open at $62.86, and during the day (based on 14 day Average True Range), to move between $62.31 and $63.41, which gives a possible trading interval of +/-$0.548 (+/-0.87%) up or down from last closing price. If Schwab U.S. Large-Cap ETF takes out the full calculated possible swing range there will be an estimated 1.74% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $61.98, some $0.88 (1.40%) from the current price of $62.86, our system finds the risk reward attractive.
Is Schwab U.S. Large-Cap ETF ETF A Buy?
Several short-term signals are positive and the ETF has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Schwab U.S. Large-Cap ETF to perform well in the short-term period.
Current score: 4.341 Buy Candidate Unchanged
Predicted Opening Price for Schwab U.S. Large-Cap ETF of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $62.86 ( 0.0032%) | $62.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCHX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.14 | 0.442 % | |
| R2 | 63.03 | 0.275 % | ||
| R1 | 62.97 | 0.171 % | ||
| Current price: | 62.86 | |||
| Support | S1 | 62.76 | -0.165 % | |
| S2 | 62.69 | -0.268 % | ||
| S3 | 62.59 | -0.436 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 62.86 | |||
| Support | S1 | 61.98 | -1.40% | |
| S2 | 61.73 | -1.80% | ||
| S3 | 60.63 | -3.55% |
SCHX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Mar 20, 2024 | Mar 25, 2024 | $0.196 | 0.317% |
| 2 | Dec 06, 2023 | Dec 06, 2023 | Dec 06, 2023 | $0.224 | 0.418% |
| 3 | Mar 15, 2023 | Sep 20, 2023 | Sep 25, 2023 | $0.192 | 0.376% |
| 4 | Mar 15, 2023 | Jun 21, 2023 | Jun 26, 2023 | $0.190 | 0.373% |
| 5 | Mar 15, 2023 | Mar 22, 2023 | Mar 27, 2023 | $0.180 | 0.385% |
FAQ
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