SCHWAB 1000 INDEX ETF (SCHK) Stock Technical Analysis
NYSEARCA:SCHK - NYSE Arca - US8085247224 - ETF - Currency: USD
Overall SCHK gets a technical rating of 7 out of 10. In the last year, SCHK was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Both the short term and long term trends are positive. This is a very positive sign.
SCHK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SCHK is performing more or less in line with the market.
SCHK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, SCHK turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
Besides having an excellent technical rating, SCHK also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 28.40, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
23.67
29.93
We found 4 important support areas.
- A support zone ranging from 27.52 to 28.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.83 from a trend line in the weekly time frame.
- Support @24.34 from a horizontal line in the weekly time frame.
- Support @23.91 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @28.46 from a trend line in the daily time frame.
- A resistance zone ranging from 29.00 to 29.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 29.50 to 29.63. 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 SCHK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCHK is up. |
| ChartMill Relative Strength | 69.98 | NEUTRAL | SCHK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCHK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SCHK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SCHK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.32 | NEUTRAL | The RSI value for SCHK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SCHK has a negative trend. |
| Stochastics (14,3) | 76.65 | NEUTRAL | The Stochastics value for SCHK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.29 | LOW VOLATILITY | The low ATR as a percentage value for SCHK suggests low volalility. |
| Average Directional Index/ADX (14) | 17.65 | NEGATIVE | The low ADX value for SCHK suggests a weak or negative 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)
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 |
|---|---|---|---|
| 28.47 | 27.75 | 0.72 (2.53%) | 25.00% |
| An entry @28.47. This is a Buy Stop order right above the resistance zone. | An exit @27.75. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.72 points, which is 2.53%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.63%. |
- 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.
28.45
-0.02 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.07%
1 Week1.17%
2 Weeks-0.18%
1 Month5.72%
3 Month-0.7%
6 Month-2.64%
12 Month12.01%
2 Year41.4%
3 Year42.43%
5 Year90.68%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%1.29%
ATR Inc-2.68%
Range Today0.38
ADR(20)0.3
ADR(20)%1.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.98
Mansfield0.01
10 Day High28.74
10 Day Low27.76
20 Day High28.74
20 Day Low26.82
52 Week High29.65
52 Week Low23.18
CS1 End28.4
CR1 Start28.46
Volume & EV
DER(3)-2.38%
DER(5)-0.75%
Volume1.23M
Volume Incr44.5%
Vol(5)901.26K
Vol(50)981.14K