The Greedy Trader Weekly Analysis
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- 10/9/2026 -
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Charles Schwab (SCHW) Technical Analysis

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Summary:
Weekly :
Daily :Williams' Percentage Range is oversoldStochastic has raised above the signal line
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During the week, the SCHW has not change and closed at 96.70 on Friday, October 9, 2026. Weekly volume was -35% below average.

Long-term trend: [See SCHW long-term trend chart]
A long-term uptrend had started on October 4, 2011 at 10.56 and reached 114.53 on August 24, 2026. SCHW gained -103.97 points, or -984.56%, in 776 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 42.26 and resistance is at 139.11. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See SCHW medium-term trend chart]
A medium-term uptrend had started on March 13, 2023 at 45.00 and reached 114.53 on August 24, 2026. SCHW gained -69.53 points, or -154.51%, in 180 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 88.37 and resistance is at 118.38. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge 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 below its signal line since September 25, 2026. Use the following link to access a MACD help.

Short-term trend: [See SCHW short-term trend chart]
A short-term downtrend had started on August 24, 2026 at 114.53 and reached 94.70 on October 7, 2026. SCHW lost 19.83 points, or 17.31%, in 44 days. The price is now at the 10.09% retracement level.

Daily Technical Indicators: [See SCHW daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since August 25, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.94
Williams' Percentage Range (W%R) 81.30
Oversold
Lane's Stochastic (%D-Slow) 30.58
Greed/Fear Indicator (GFI) 23.74
Moving Average Converg./Diverg. (MACD) -2.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.56
Williams' Percentage Range (W%R) 55.80
Lane's Stochastic (%D-Slow) 24.96
Greed/Fear Indicator (GFI) 38.25
Moving Average Converg./Diverg. (MACD) 2.86
Trading Signals
Description Value Chart
Upper Bollinger Band 108.06
50 Day Moving Average 105.58
20 Day Moving Average 100.48
Parabolic System 98.71
Weekly Stochastic Crossing 98.21
Price 96.70
Daily Stochastic Crossing 96.00
Lower Bollinger Band 92.28
Quarterly Trendline Support 88.37
Sector and Industry
Description Name Rank
Sector Financials 7
Industry Investment Banking & Brokerage 31
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 94.70
Low Date 10/07/2026
High 97.48
High Date 10/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 114.53
High Date 08/24/2026
Low 94.70
Low Date 10/07/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.96
Low Date 05/28/2026
High 114.53
High Date 08/24/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 118.38
Support 88.37
Low 45.00
Low Date 03/13/2023
High 114.53
High Date 08/24/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 139.11
Support 42.26
Low 10.56
Low Date 10/04/2011
High 114.53
High Date 08/24/2026
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.