The Charles Schwab Corporation Stock Forecast
Green day on Wednesday for The Charles Schwab Corporation
(Updated on Mar 27, 2024)
The The Charles Schwab Corporation stock price gained 1.94% on the last trading day (Wednesday, 27th Mar 2024), rising from $71.00 to $72.38. During the last trading day the stock fluctuated 1.58% from a day low at $71.33 to a day high of $72.45. The price has risen in 6 of the last 10 days and is up by 7.82% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 220 thousand more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $420.75 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $73.43 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.58% during the next 3 months and, with a 90% probability hold a price between $67.69 and $77.53 at the end of this 3-month period.
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SCHW Signals & Forecast
Mostly positive signals in the chart today. The The Charles Schwab Corporation stock 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 $70.88 and $66.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 06, 2024, and so far it has risen 16.95%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for The Charles Schwab Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $64.31 and $63.78. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, The Charles Schwab Corporation finds support just below today's level at $64.31. If this is broken, then the next support from accumulated volume will be at $63.78 and $63.45.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.13 between high and low, or 1.58%. For the last week, the stock has had daily average volatility of 1.84%.
Our recommended stop-loss: $69.77 (-3.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (SCHW) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect The Charles Schwab Corporation to open at $72.05, and during the day (based on 14 day Average True Range), to move between $71.04 and $73.72, which gives a possible trading interval of +/-$1.34 (+/-1.84%) 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 3.69% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $64.31, some $8.07 (11.15%) from the current price of $72.38, our system finds the risk reward attractive.
Is The Charles Schwab Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for The Charles Schwab Corporation stock to perform well in the short-term.
Current score: 3.480 Buy Candidate Unchanged
Predicted Opening Price for The Charles Schwab Corporation of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$72.05 ( 0.454%) | $72.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCHW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 73.18 | 1.10 % | |
R2 | 72.75 | 0.507 % | ||
R1 | 72.48 | 0.140 % | ||
Current price: | 72.38 | |||
Support | S1 | 71.62 | -1.05 % | |
S2 | 71.36 | -1.41 % | ||
S3 | 70.93 | -2.01 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 72.38 | |||
Support | S1 | 64.31 | -11.15% | |
S2 | 63.78 | -11.88% | ||
S3 | 63.45 | -12.34% |
SCHW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 24, 2024 | Feb 09, 2024 | Feb 23, 2024 | $0.250 | 0.388% |
2 | Jan 24, 2024 | Feb 08, 2024 | Feb 23, 2024 | $0.250 | 0.388% |
3 | Oct 19, 2023 | Nov 09, 2023 | Nov 24, 2023 | $0.250 | 0.443% |
4 | Jul 27, 2023 | Aug 10, 2023 | Aug 25, 2023 | $0.250 | 0.430% |
5 | Apr 26, 2023 | May 11, 2023 | May 26, 2023 | $0.250 | 0.466% |
FAQ
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