SCHWAB (CHARLES) CORP (SCHW) Stock Technical Analysis
NYSE:SCHW - New York Stock Exchange, Inc. - US8085131055 - Common Stock - Currency: USD
Taking everything into account, SCHW scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SCHW is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
SCHW is part of the Capital Markets industry. There are 232 other stocks in this industry. SCHW outperforms 80% of them.
SCHW is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
SCHW has an average volume of 9523820 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 82% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month SCHW has a been trading in a tight range between 86.03 and 89.84.
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 88.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 88.25, a Stop Loss order could be placed below this zone.
More info and screens
62.31
90.12
3 important support areas can be observed.
- A support zone ranging from 87.24 to 88.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 70.83 to 72.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @62.94 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 88.69 to 89.23. 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 | UP | POSITIVE | The short term trend for SCHW is up. |
| ChartMill Relative Strength | 82.62 | POSITIVE | SCHW has a high relative strength, it outperformed 82.62% 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) | UP | POSITIVE | The current price of SCHW is above the rising 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) | 64.64 | NEUTRAL | The RSI value for SCHW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests SCHW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 74.17 | NEUTRAL | The Stochastics value for SCHW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for SCHW suggests low volalility. |
| Average Directional Index/ADX (14) | 24.54 | NEUTRAL | The ADX value for SCHW suggests a possible start of a new 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 |
|---|---|---|---|
| 89.24 | 87.23 | 2.01 (2.25%) | 25.00% |
| An entry @89.24. This is a Buy Stop order right above the resistance zone. | An exit @87.23. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.01 points, which is 2.25%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.56%. |
- 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.
88.5
+0.1 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.11%
1 Week1.44%
2 Weeks0.84%
1 Month1.54%
3 Month14.77%
6 Month11.26%
12 Month20.82%
2 Year56.14%
3 Year40.08%
5 Year162.3%
10 Year171.06%
15 Year524.12%
Volatility
ATR(14)1.19
ATR(20)%1.36%
ATR Inc-0.37%
Range Today0.95
ADR(20)1.14
ADR(20)%1.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.62
Mansfield1.19
10 Day High89.35
10 Day Low86.91
20 Day High89.85
20 Day Low86.03
52 Week High89.85
52 Week Low61.01
CS1 End88.25
CR1 Start88.69
Volume & EV
DER(3)0.79%
DER(5)-0.58%
Volume4.38M
Volume Incr-28.07%
Vol(5)5.31M
Vol(50)9.52M