Charles Schwab SCHW Buy and Sell Signals

October 14, 2021, 01:15 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Trading Charles Schwab (NASDAQ: SCHW) can be rewarding so long as traders and investors observe the important pivot points for the stock before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SCHW change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SCHW is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for SCHW too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for SCHW

• Buy SCHW slightly over 73.31 target 79.64 stop loss @ 73.1 Details

The technical summary data tells us to buy SCHW near 73.31 with an upside target of 79.64. This data also tells us to set a stop loss @ 73.1 to protect against excessive loss in case the stock begins to move against the trade. 73.31 is the first level of support below 76.27 , and by rule, any test of support is a buy signal. In this case, support 73.31 would be being tested, so a buy signal would exist.

• Short SCHW under 79.64, target 73.31, stop loss @ 79.87 Details

The technical summary data is suggesting a short of SCHW as it gets near 79.64 with a downside target of 73.31. We should have a stop loss in place at 79.87though. 79.64 is the first level of resistance above 76.27, and by rule, any test of resistance is a short signal. In this case, if resistance 79.64 is being tested, so a short signal would exist.

Swing Trading Plans for SCHW

• Buy SCHW slightly over 78.53, target 79.64, Stop Loss @ 78.3 Details

If 78.53 begins to break higher, the technical summary data tells us to buy SCHW just slightly over 78.53, with an upside target of 79.64. The data also tells us to set a stop loss @ 78.3 in case the stock turns against the trade. 78.53 is the first level of resistance above 76.27, and by rule, any break above resistance is a buy signal. In this case, 78.53, 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 near 78.53, target 75.63, Stop Loss @ 78.76. Details

The technical summary data is suggesting a short of SCHW if it tests 78.53 with a downside target of 75.63. We should have a stop loss in place at 78.76 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, 78.53, 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 77.57, target 78.53, Stop Loss @ 77.39 Details

If 77.57 begins to break higher, the technical summary data tells us to buy SCHW just slightly over 77.57, with an upside target of 78.53. The data also tells us to set a stop loss @ 77.39 in case the stock turns against the trade. 77.57 is the first level of resistance above 76.27, and by rule, any break above resistance is a buy signal. In this case, 77.57, 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 near 77.57, target 75.74, Stop Loss @ 77.75. Details

The technical summary data is suggesting a short of SCHW if it tests 77.57 with a downside target of 75.74. We should have a stop loss in place at 77.75 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, 77.57, 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.

SCHW Ratings for October 14:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	73.31
P2	75.74	75.63	79.64
P3	77.57	78.53	86.10

Support and Resistance Plot Chart for SCHW

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