Schwab near highs, but the level is contested
Charles Schwab stock: +1.1% and back testing its all-time high
Our view last week
Charles Schwab stock closes the week up 3.2%, the fourth straight higher low that puts the price within a hair of its all-time high, just 0.08% away, with 95.5% of daily volume on the buy side. The weekly technical analysis shows the buy signal easing though, strength at 47 out of 100: the trade, open for 6 weeks, is up 14.5% and now enters its first trimming window.
This week's summary
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.
IQS Phase
79
in tension
Signal Strength
42
medium · weak
Sizing
REDUCED
Ranking
#107 / 167
US stocks in progress
Trade P&L %
+15.77%
from signal to date, no stop loss
Rank position
ranks 107th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 42 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly -1.17% · monthly +2.55%
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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