SCHWAB (CHARLES) CORP (SCHW)

US8085131055 - Common Stock

64.44  -0.19 (-0.29%)

After market: 65.15 +0.71 (+1.1%)

Technical Rating and Analysis

6

We assign a technical rating of 6 out of 10 to SCHW. Although SCHW is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

When comparing the yearly performance of all stocks, SCHW is a bad performer in the overall market: 70% of all stocks are doing better.
SCHW is part of the Capital Markets industry. There are 208 other stocks in this industry, of which 66% are performing better than SCHW.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month SCHW has a been trading in the 61.16 - 65.25 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
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 8675390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SCHW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SCHW is lagging the market.
Weekly and Daily overview Charts
SCHW Weekly chart
SCHW Daily chart
Setup Rating and Analysis

8

SCHW has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 64.38, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

48.45

71.69

We found 3 important support areas.

  • A support zone ranging from 61.88 to 64.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @55.63 from a horizontal line in the daily time frame.
  • Support @48.94 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

  • Resistance @68.21 from a trend line in the weekly time frame.
  • A resistance zone ranging from 70.98 to 70.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.83
Mansfield-0.42
10 Day High65.25
10 Day Low61.68
20 Day High65.25
20 Day Low61.17
52 Week High81.32
52 Week Low45
Performance
1 Week-0.29%
2 Weeks3.15%
1 Month1.15%
3 Month14.19%
6 Month10.82%
12 Month-20.05%
2 Year-23.7%
3 Year4.41%
5 Year40.06%
10 Year143.08%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.23
RSI(14)53.14
LBB61.57
UBB65.37
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
65.2661.873.39 (5.19%)19.28%
An entry @65.26. This is a Buy Stop order right above the 10 day high.An exit @61.87. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 3.39 points, which is 5.19%.For a 1.00% total portfolio risk, you can invest 19.28% of your capital in this trade.

  • 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) CORP

NYSE:SCHW (2/23/2024, 7:10:55 PM)

After market: 65.15 +0.71 (+1.1%)

64.44

-0.19 (-0.29%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.29%
1 Week-0.29%
2 Weeks3.15%
1 Month1.15%
3 Month14.19%
6 Month10.82%
12 Month-20.05%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.37
ATR(20)%2.13%
ATR Inc
Range Today0.85
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High65.25
10 Day Low61.68
20 Day High65.25
20 Day Low61.17
52 Week High81.32
52 Week Low45
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.20M
Volume Incr-27.39%
Vol(5)5.38M
Vol(50)8.68M