SCHWAB (CHARLES) CORP (SCHW)       80.46  -0.13 (-0.16%)

80.46  -0.13 (-0.16%)

US8085131055 - Common Stock

Technical Rating

8

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.



The long and short term trends are both positive. This is looking good!
SCHW is one of the better performing stocks in the Capital Markets industry, it outperforms 88% of 203 stocks in the same industry.
SCHW 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.
SCHW has an average volume of 7751040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SCHW did better than 85% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
SCHW is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months 1.18% 8.12% 29.52% -0.27% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 85.57 59.35 - 96.24
SCHW Weekly chart
SCHW Daily chart

Support/Resistance Analysis


62.29

84.67
5 important support areas can be observed.
  • 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.
When analyzing the resistance we notice one important area.
  • 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

8

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.


ENTRYEXITDISTANCECAPITAL
81.3279.561.76 (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.
SCHW Daily chart

SCHWAB (CHARLES) CORP80.46

NYSE:SCHW (12/7/2022, 1:49:10 PM)-0.13 (-0.16%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Capital Markets
Performance
Today -0.16% 1 Week 0.25%
2 Weeks 0.74% 1 Month 1.18%
3 Month 8.12% 6 Month 29.52%
Volatility
ATR(14) 1.71 ATR(20)% 2.46%
ATR Inc 6.07% Range Today 1.12
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
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
Volume & EV
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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