MAY SALE: Save over 60% on our Pro Plans!

SCHW pops to highest close since March 22nd


Technical Analysis Report for SCHW - Apr 16, 2018 [1 min read]
Highlights
SCHW rallies 4.0% on high volume
SCHW pushes through key resistance level
SCHW dominated by bulls lifting the market higher throughout the day
SCHW pushes through 100-day moving average
SCHW ends the day on a bullish note closing near the high of the day
TQ Sentiment
Technical Forecast:
Overview

SCHW ended Monday at 53.08 surging $2.04 (4.0%) on high volume. This is the biggest single day gain in over four months. Today's closing price of 53.08 marks the highest close since March 22nd. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Friday's high at 52.60, the share confirms its breakout through the prior session's high having traded $0.59 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for SCHW
Volatility

Monday's trading range was $1.39 (2.67%), that's slightly below last trading month's daily average range of $1.57. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Support/Resistance

Breaking through the key resistance level at 52.74 today, it is now likely to act as support going forward.

Trend

The stock shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. The market managed to break above the 100-day moving average at 52.27 today for the first time since April 4th.

Conclusion

Even though both sentiments are bullish for the next trading day, our quantitative statistics are only bullish while the classical technical analysis metrics show a very bullish sentiment.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Price broke through Technical Resistance R1 TQ Pro Members Only
Bullish Break through SMA 100 TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Up Close near high of period TQ Pro Members Only
Strong Up Move TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Charles Schwab Corporation traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

TBOND 141.3120.874 0.62%
NKY 22,930.3691.99 0.40%
HSI 31,047.91105.76 0.34%
DXY 93.6000.200 0.21%
GOLD 1,291.71.7 0.13%
USDJPY 110.76-0.01 -0.01%
BTCUSD 8,238.30-4.06 -0.05%
FTSE 7,778.79-9.21 -0.12%
EURUSD 1.1769-0.0025 -0.21%
SPX 2,712.97-7.16 -0.26%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV105.98 0.66
0.63%
ACN 10 day candlestick chart for ACN155.31 0.38
0.25%
ADBE 10 day candlestick chart for ADBE238.09 1.24
0.52%
AAP 10 day candlestick chart for AAP118.32 -1.47
-1.23%
AES 10 day candlestick chart for AES11.93 -0.12
-1.00%
AET 10 day candlestick chart for AET176.81 -0.22
-0.12%
AFL 10 day candlestick chart for AFL45.39 -0.14
-0.31%
AMG 10 day candlestick chart for AMG167.71 -1.54
-0.91%
A 10 day candlestick chart for A64.32 0.73
1.15%
ABT 10 day candlestick chart for ABT61.71 0.65
1.06%