We assign a technical rating of 7 out of 10 to SCHB. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SCHB is only an average performer.
SCHB has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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19.00
3 important support areas can be observed.
- A support zone ranging from 25.05 to 26.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.52 from a horizontal line in the daily time frame.
- Support @19.19 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.80 to 26.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SCHB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCHB is up. |
| ChartMill Relative Strength | 67.76 | NEUTRAL | SCHB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCHB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SCHB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SCHB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.46 | NEUTRAL | The RSI value for SCHB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SCHB has a positive trend. |
| Stochastics (14,3) | 86.82 | OVERBOUGHT | The high Stochastics value suggests SCHB may be overbought. |
| Average True Range in percent/ATR (20) | 0.82 | LOW VOLATILITY | The low ATR as a percentage value for SCHB suggests low volalility. |
| Average Directional Index/ADX (14) | 10.32 | NEGATIVE | The low ADX value for SCHB suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 26.81 | 26.17 | 0.64 (2.39%) | 25.00% |
| An entry @26.81. This is a Buy Stop order right above the resistance zone. | An exit @26.17. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.64 points, which is 2.39%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.60%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
26.79
+0.17 (+0.64%)
SCHWAB US BROAD MARKET ETF / SCHB FAQ
What is the ChartMill technical rating of SCHWAB US BROAD MARKET ETF (SCHB) stock?
ChartMill assigns a technical rating of 7 / 10 to SCHB.
What is the trend direction for SCHB stock?
The current trend direction for SCHWAB US BROAD MARKET ETF (SCHB) is Bullish.
What is the RSI signal for SCHWAB US BROAD MARKET ETF (SCHB) stock?
SCHWAB US BROAD MARKET ETF (SCHB) has an RSI value of 62.4584. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for SCHWAB US BROAD MARKET ETF?
The buy/sell signal for SCHWAB US BROAD MARKET ETF (SCHB) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SCHB stock?
SCHWAB US BROAD MARKET ETF (SCHB) has a support level at 26.57 and a resistance level at 26.8. Check the full technical report for our detailed analysis of SCHB support and resistance levels.