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Uptrend ExhaustionArchive
- 12/13/2024 -
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Charles Schwab (SCHW) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Charles Schwab (SCHW). During the week, the SCHW dropped -1.93 points, or -2.37%, and closed at 79.54 on Friday, December 13, 2024. It was the worst weekly loss since September 6, 2024. Weekly volume was 11% 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 83.35 on November 29, 2024. SCHW gained -38.35 points, or -85.22%, in 89 weeks. The price is now at the 9.93% 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 83.35 on November 29, 2024. SCHW gained -22.34 points, or -36.62%, in 19 weeks. The price is now at the 17.05% retracement level.
 Weekly Technical Indicators: [See SCHW weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 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. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 December 5, 2024 at 80.00 and reached 83.30 on December 12, 2024. SCHW gained -3.30 points, or -4.12%, in 7 days. The price is now at the 113.94% retracement level.
 Daily Technical Indicators: [See SCHW daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.
The daily MACD line is below its signal line since November 29, 2024.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.12% on Friday. It is 64.93% 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.
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