(SCHW) Trading Signals (2024)

August 09, 2024, 14:56 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SCHW

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short SCHW slightly under 67.56, target n/a, stop loss @ 67.76 Details

The technical summary data is suggesting a short of SCHW as it gets near 67.56, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 67.76. 67.56 is the first level of resistance above 62.551, and by rule, any test of resistance is a short signal. In this case, if resistance 67.56 is being tested, so a short signal would exist.

Swing Trading Plans for SCHW

• Buy SCHW slightly over 63.05, target 67.56, Stop Loss @ 62.87 Details

If 63.05 begins to break higher, the technical summary data tells us to buy SCHW just slightly over 63.05, with an upside target of 67.56. The data also tells us to set a stop loss @ 62.87 in case the stock turns against the trade. 63.05 is the first level of resistance above 62.551, and by rule, any break above resistance is a buy signal. In this case, 63.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SCHW slightly near 63.05, target 61.06, Stop Loss @ 63.23. Details

The technical summary data is suggesting a short of SCHW if it tests 63.05 with a downside target of 61.06. We should have a stop loss in place at 63.23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 63.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SCHW

• Buy SCHW slightly over 63.15, target 67.56, Stop Loss @ 63 Details

If 63.15 begins to break higher, the technical summary data tells us to buy SCHW just slightly over 63.15, with an upside target of 67.56. The data also tells us to set a stop loss @ 63 in case the stock turns against the trade. 63.15 is the first level of resistance above 62.551, and by rule, any break above resistance is a buy signal. In this case, 63.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SCHW slightly near 63.15, target 62.09, Stop Loss @ 63.3. Details

The technical summary data is suggesting a short of SCHW if it tests 63.15 with a downside target of 62.09. We should have a stop loss in place at 63.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 63.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Charles Schwab Corporation (the) (SCHW) available here: SCHW.

SCHW Ratings for August 09:

AI Generated Signals for SCHW

Blue = Current Price
Red= Resistance
Green = Support

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TradingCharles Schwab Corporation (the)(NASDAQ: SCHW) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

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