Schwab Strategic Trust - Schwab ETF Forecast
Stronger technical forecast for Schwab Strategic Trust - Schwab ETF price after Friday trading.
(Updated on May 17, 2024)
The Schwab Strategic Trust - Schwab ETF price gained 0.605% on the last trading day (Friday, 17th May 2024), rising from $24.81 to $24.96. During the last trading day the ETF fluctuated 0.726% from a day low at $24.78 to a day high of $24.96. The price has risen in 8 of the last 10 days and is up by 3.96% over the past 2 weeks. Volume fell on the last day by -75 thousand shares and in total, 120 thousand shares were bought and sold for approximately $3.00 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.
Given the current horizontal trend, you can expect Schwab Strategic Trust - Schwab ETF with a 90% probability to be traded between $22.84 and $24.66 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SCHY Signals & Forecast
Mostly positive signals in the chart today. The Schwab Strategic Trust - Schwab 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 $24.65 and $23.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.45%. 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 Strategic Trust - Schwab ETF
Schwab Strategic Trust - Schwab finds support from accumulated volume at $24.16 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 $0.180 between high and low, or 0.726%. For the last week the ETF has had daily average volatility of 0.627%.
The Schwab Strategic Trust - Schwab ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: $23.85 (-4.45%) (This ETF has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (SCHY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Schwab Strategic Trust - Schwab International Dividend Equity ETF to open at $24.90, and during the day (based on 14 day Average True Range), to move between $24.77 and $25.15, which gives a possible trading interval of +/-$0.195 (+/-0.78%) up or down from last closing price. If Schwab Strategic Trust - Schwab International Dividend Equity ETF takes out the full calculated possible swing range there will be an estimated 1.56% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $24.16, some $0.80 (3.21%) from the current price of $24.96, our system finds the risk reward attractive.
Is Schwab Strategic Trust - Schwab International Dividend Equity 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 Strategic Trust - Schwab ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 2.884 Buy Candidate Upgraded
Predicted Opening Price for Schwab Strategic Trust - Schwab International Dividend Equity ETF of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$24.90 ( 0.240%) | $24.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCHY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.08 | 0.481 % | |
R2 | 25.01 | 0.205 % | ||
R1 | 24.97 | 0.0351 % | ||
Current price: | 24.96 | |||
Support | S1 | 24.83 | -0.516 % | |
S2 | 24.79 | -0.686 % | ||
S3 | 24.72 | -0.96 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 24.96 | |||
Support | S1 | 24.16 | -3.21% | |
S2 | 24.12 | -3.37% | ||
S3 | 23.26 | -6.81% |
SCHY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 20, 2024 | Mar 20, 2024 | Mar 25, 2024 | $0.160 | 0.664% |
2 | Dec 06, 2023 | Dec 06, 2023 | Dec 06, 2023 | $0.687 | 2.93% |
3 | Mar 15, 2023 | Jun 21, 2023 | Jun 26, 2023 | $0.290 | 1.22% |
4 | Feb 18, 2022 | Dec 07, 2022 | Dec 12, 2022 | $0.586 | 2.58% |
5 | Feb 18, 2022 | Jun 22, 2022 | Jun 27, 2022 | $0.238 | 1.05% |
FAQ
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