SCHWAB (CHARLES) CORP (SCHW) 80.46 -0.13 (-0.16%)
80.46 -0.13 (-0.16%)
US8085131055 - Common Stock
Technical Rating
Overall SCHW gets a technical rating of 8 out of 10. Although SCHW is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Statistics
Support/Resistance Analysis
62.29
- A support zone ranging from 76.32 to 77.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @73.21 from a trend line in the weekly time frame.
- Support @71.07 from a trend line in the daily time frame.
- Support @68.98 from a horizontal line in the weekly time frame.
- Support @62.92 from a trend line in the weekly time frame.
- A resistance zone ranging from 81.31 to 83.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Setup Analysis
Setup Rating
SCHW has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 81.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 77.26, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
Possible Trading Setup
Given the decent technical rating and the setup score, we can suggest the following trade.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 81.32 | 79.56 | 1.76 (2.16%) | 25.00% |
| An entry @81.32. This is a Buy Stop order right above the 10 day moving average. | An exit @79.56. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.76 points, which is 2.16%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.54%. |
- The distance between exit and entry is rather small compared to the average daily movement of SCHW. Please evaluate whether better entry and exit points can be found.
- 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.
SCHWAB (CHARLES) CORP80.46
NYSE:SCHW (12/7/2022, 1:49:10 PM)-0.13 (-0.16%)
| GICS Sector | Financials | ||
| GICS Industry | Capital Markets | ||
| Today | -0.16% | 1 Week | 0.25% |
| 2 Weeks | 0.74% | 1 Month | 1.18% |
| 3 Month | 8.12% | 6 Month | 29.52% |
| ATR(14) | 1.71 | ATR(20)% | 2.46% |
| ATR Inc | 6.07% | Range Today | 1.12 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 85.57 | Mansfield | 1.09 |
| 10 Day High | 82.67 | 10 Day Low | 79.57 |
| 20 Day High | 82.67 | 20 Day Low | 75.62 |
| 52 Week High | 96.24 | 52 Week Low | 59.35 |
| CS1 End | 77.26 | CR1 Start | 81.31 |
| DER(3) | 0.63% | DER(5) | 0.84% |
| Volume | 2.11M | Volume Incr | -10.05% |
| Vol(5) | 6.10M | Vol(50) | 7.75M |
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