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Archive
- 11/15/2024 -
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Charles Schwab (SCHW) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Charles Schwab (SCHW). During the week, the SCHW gained 6.57 points, or 8.89%, and closed at 80.47 on Friday, November 15, 2024. Weekly volume was 29% above 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 uptrend had started on March 13, 2023 at 45.00 and reached 82.50 on November 14, 2024. SCHW gained -37.50 points, or -83.33%, in 87 weeks. The price is now at the 5.41% retracement level.
 Medium-term trend: [See SCHW medium-term trend chart]
A medium-term uptrend had started on July 17, 2024 at 61.01 and reached 82.50 on November 14, 2024. SCHW gained -21.49 points, or -35.22%, in 17 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (62.66) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See SCHW weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since October 11, 2024. This is an indication that the medium-term trend is up. 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 October 22, 2024 at 69.93 and reached 82.50 on November 14, 2024. SCHW gained -12.57 points, or -17.98%, in 23 days. The price is now at the 16.15% retracement level.
 Daily Technical Indicators: [See SCHW daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since November 5, 2024. This is an indication that the short-term trend is up.
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