The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 3/15/2024 -
Sign In to see current Signals.

Charles Schwab (SCHW) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sector
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Charles Schwab (SCHW). During the week, the SCHW gave back -0.13 points, or -0.19%, and closed at 67.04 on Friday, March 15, 2024. Weekly volume was -35% below average.

SCHW is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See SCHW long-term trend chart]
A long-term downtrend had started on February 9, 2022 at 96.24 and reached 45.00 on March 13, 2023. SCHW lost 51.24 points, or 53.24%, in 56 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 25.51 and resistance is at 74.17. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See SCHW medium-term trend chart]
A medium-term uptrend had started on October 25, 2023 at 48.66 and reached 71.40 on December 15, 2023. SCHW gained -22.74 points, or -46.73%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 65.41 and resistance is at 69.57. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See SCHW weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See SCHW short-term trend chart]
A short-term uptrend had started on January 17, 2024 at 59.67 and reached 69.02 on March 8, 2024. SCHW gained -9.35 points, or -15.67%, in 51 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 65.33 and resistance is at 69.60. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See SCHW daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands is falling, and it was 8.53% on Friday. It is 51.63% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.14
Williams' Percentage Range (W%R) 47.20
Lane's Stochastic (%D-Slow) 35.57
Greed/Fear Indicator (GFI) 51.83
Moving Average Converg./Diverg. (MACD) 0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.33
Williams' Percentage Range (W%R) 23.20
Lane's Stochastic (%D-Slow) 58.68
Greed/Fear Indicator (GFI) 60.84
Moving Average Converg./Diverg. (MACD) 1.48
Trading Signals
Description Value Chart
Yearly Trendline Resistance 74.17
Weekly Trendline Resistance 69.60
Monthly Trendline Resistance 69.57
Upper Bollinger Band 69.09
Parabolic System 68.60
Price 67.04
Daily Stochastic Crossing 66.86
Weekly Stochastic Crossing 66.26
20 Day Moving Average 66.16
Monthly Trendline Support 65.41
Weekly Trendline Support 65.33
50 Day Moving Average 64.90
Lower Bollinger Band 63.35
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Investment Banking & Brokerage 71
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 69.02
High Date 03/08/2024
Low 65.85
Low Date 03/12/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 69.60
Support 65.33
Low 59.67
Low Date 01/17/2024
High 69.02
High Date 03/08/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 69.57
Support 65.41
Low 48.66
Low Date 10/25/2023
High 71.40
High Date 12/15/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.00
Low Date 03/13/2023
High 71.40
High Date 12/15/2023
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 74.17
Support 25.51
High 96.24
High Date 02/09/2022
Low 45.00
Low Date 03/13/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.