SCHWAB (CHARLES) CORP (SCHW) Stock Technical Analysis
USA - NYSE:SCHW - US8085131055 - Common Stock
Taking everything into account, SCHW scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, SCHW also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 94.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 94.50, a Stop Loss order could be placed below this zone.
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4 important support areas can be observed.
- A support zone ranging from 93.73 to 94.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 91.03 to 91.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @76.24 from a trend line in the weekly time frame.
- Support @62.94 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 94.56 to 94.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 97.08 to 98.69. 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 SCHW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SCHW is neutral. |
| ChartMill Relative Strength | 74.84 | POSITIVE | SCHW has a high relative strength, it outperformed 74.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCHW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SCHW is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SCHW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.49 | NEUTRAL | The RSI value for SCHW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests SCHW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.63 | NEUTRAL | The Stochastics value for SCHW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for SCHW suggests low volalility. |
| Average Directional Index/ADX (14) | 12.74 | NEGATIVE | The low ADX value for SCHW 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 |
|---|---|---|---|
| 94.61 | 93.72 | 0.89 (0.94%) | 25.00% |
| An entry @94.61. This is a Buy Stop order right above the resistance zone. | An exit @93.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.89 points, which is 0.94%. | For a 0.24% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
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+0.11 (+0.12%)
SCHWAB (CHARLES) CORP / SCHW FAQ
What is the technical rating for SCHW stock?
ChartMill assigns a technical rating of 7 / 10 to SCHW.
What is the trend direction for SCHW stock?
The current trend direction for SCHWAB (CHARLES) CORP (SCHW) is Bullish.
What is the RSI signal for SCHWAB (CHARLES) CORP (SCHW) stock?
SCHWAB (CHARLES) CORP (SCHW) has an RSI value of 51.4886. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for SCHWAB (CHARLES) CORP?
SCHWAB (CHARLES) CORP (SCHW) has a support level at 94.5 and a resistance level at 94.56. Check the full technical report for our detailed analysis of SCHW support and resistance levels.