SCHWAB US BROAD MARKET ETF (SCHB) Stock Technical Analysis
NYSEARCA:SCHB - NYSE Arca - US8085241029 - ETF - Currency: USD
Overall SCHB gets a technical rating of 8 out of 10. Although SCHB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
A new 52 week high is currently being made by SCHB, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month SCHB has a been trading in the 22.88 - 24.27 range, which is quite wide. It is currently trading near the high of this range.
SCHB has an average volume of 4319550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SCHB is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Although SCHB has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
19.00
24.62
When analyzing the support we can see 4 important areas.
- A support zone ranging from 23.00 to 23.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.33 from a horizontal line in the daily time frame.
- Support @20.19 from a trend line in the weekly 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 24.27 to 24.38. 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 | 72.77 | POSITIVE | SCHB has a high relative strength, it outperformed 72.77% off all stocks 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) | 68.92 | NEUTRAL | The RSI value for SCHB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SCHB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 84.83 | OVERBOUGHT | The high Stochastics value suggests SCHB may be overbought. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for SCHB suggests low volalility. |
| Average Directional Index/ADX (14) | 27.91 | POSITIVE | The high ADX value value for SCHB suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
24.26
+0.17 (+0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.71%
1 Week0.41%
2 Weeks1.29%
1 Month5.3%
3 Month19.8%
6 Month4.52%
12 Month14.33%
2 Year35.86%
3 Year50.59%
5 Year87.38%
10 Year184.8%
15 Year452.83%
Volatility
ATR(14)0.19
ATR(20)%0.84%
ATR Inc27.6%
Range Today0.18
ADR(20)0.18
ADR(20)%0.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.77
Mansfield-0.01
10 Day High24.27
10 Day Low23.83
20 Day High24.27
20 Day Low22.88
52 Week High24.27
52 Week Low18.52
CS1 End23.31
CR1 Start24.27
Volume & EV
DER(3)0.97%
DER(5)-0.78%
Volume3.57M
Volume Incr-17.36%
Vol(5)3.76M
Vol(50)4.32M