Charles Schwab, 8th week of active management
Charles Schwab stock slips 1.9%, bounces off its 20-day average, but the trend is slowing
Our view last week
Charles Schwab stock gains 1.1% and stays glued to its all-time high, just 0.09% away, a level already tested twice in the past ten weeks. It's the fourth straight higher low, but volume is contracting and signal strength keeps sliding, to 42 from 47 last week: the buy signal, live for 7 weeks and up 15.8%, now enters its second management window.
This week's summary
Charles Schwab stock slips 1.9% over the week but bounces straight back off its daily 20-day moving average, in the 109 area — a 4% rebound from the low near the 106 area. The weekly picture stays bullish, RSI at 67.7, but 2 warning flags say the push is losing steam. Charles Schwab stock has already tested its highs once in the past 10 weeks: the model favors a pullback over a fresh chase. Technical analysis of the trade, up 13.57% in its 8th week, continues in the card below.
IQS Phase
71
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#97 / 175
US stocks in progress
Trade P&L %
+13.57%
from signal to date, no stop loss
Rank position
ranks 97th among the 175 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly +1.08% · monthly +2.51%
SCHW belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
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