Schwab U.S. Aggregate Bond ETF Forecast
Red day on Friday for Schwab U.S. Aggregate Bond ETF after losing 0.221%
(Updated on May 10, 2024)
The Schwab U.S. Aggregate Bond ETF price fell by -0.221% on the last day (Friday, 10th May 2024) from $45.30 to $45.20. During the last trading day the ETF fluctuated 0.199% from a day low at $45.15 to a day high of $45.24. The price has risen in 7 of the last 10 days and is up by 0.96% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -701 shares and in total, 445 thousand shares were bought and sold for approximately $20.12 million.
The ETF lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.32% during the next 3 months and, with a 90% probability hold a price between $43.32 and $44.45 at the end of this 3-month period. 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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SCHZ Signals & Forecast
The Schwab U.S. Aggregate Bond ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $45.18 and $45.19. 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 1.21%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Schwab U.S. Aggregate Bond ETF
Schwab U.S. Aggregate Bond finds support from accumulated volume at $44.80 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 $0.0900 between high and low, or 0.199%. For the last week the ETF has had daily average volatility of 0.237%.
Our recommended stop-loss: $42.62 (-5.71%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (SCHZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Schwab U.S. Aggregate Bond ETF to open at $45.20, and during the day (based on 14 day Average True Range), to move between $45.01 and $45.39, which gives a possible trading interval of +/-$0.191 (+/-0.42%) up or down from last closing price. If Schwab U.S. Aggregate Bond ETF takes out the full calculated possible swing range there will be an estimated 0.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $44.80 (0.88%) than the resistance at $45.62 (0.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Schwab U.S. Aggregate Bond ETF ETF A Buy?
Schwab U.S. Aggregate Bond holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.993 Hold/Accumulate Unchanged
Predicted Opening Price for Schwab U.S. Aggregate Bond ETF of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $45.20 ( 0.0074%) | $45.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCHZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.29 | 0.192 % | |
| R2 | 45.25 | 0.116 % | ||
| R1 | 45.23 | 0.0687 % | ||
| Current price: | 45.20 | |||
| Support | S1 | 45.16 | -0.0834 % | |
| S2 | 45.14 | -0.130 % | ||
| S3 | 45.11 | -0.206 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.00 | 1.77 % | |
| R2 | 45.78 | 1.28 % | ||
| R1 | 45.62 | 0.93 % | ||
| Current price | 45.20 | |||
| Support | S1 | 44.80 | -0.88% | |
| S2 | 44.78 | -0.93% | ||
| S3 | 44.67 | -1.17% |
SCHZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.141 | 0.312% |
| 2 | Jan 11, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.146 | 0.322% |
| 3 | Jan 11, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.140 | 0.303% |
| 4 | Jan 11, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.153 | 0.332% |
| 5 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.133 | 0.287% |
FAQ
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