How the (SCHB) price action is used to our Advantage
July 14, 2024, 08:46 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SCHB
- Buy SCHB slightly over 62.71 target 65.03 stop loss @ 62.53 Details
The technical summary data tells us to buy SCHB near 62.71 with an upside target of 65.03. This data also tells us to set a stop loss @ 62.53 to protect against excessive loss in case the stock begins to move against the trade. 62.71 is the first level of support below 64.75 , and by rule, any test of support is a buy signal. In this case, support 62.71 is being tested, a buy signal would exist.
- Short SCHB slightly under 65.03, target 62.71, stop loss @ 65.22 Details
The technical summary data is suggesting a short of SCHB as it gets near 65.03 with a downside target of 62.71. We should have a stop loss in place at 65.22though. 65.03 is the first level of resistance above 64.75, and by rule, any test of resistance is a short signal. In this case, if resistance 65.03 is being tested, a short signal would exist.
Swing Trading Plans for SCHB
- Buy SCHB slightly over 65.03, target n/a, Stop Loss @ 64.84 Details
If 65.03 begins to break higher, the technical summary data tells us to buy SCHB just slightly over 65.03, with an upside target of n/a. The data also tells us to set a stop loss @ 64.84 in case the stock turns against the trade. 65.03 is the first level of resistance above 64.75, and by rule, any break above resistance is a buy signal. In this case, 65.03, 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 SCHB slightly near 65.03, target 64.48, Stop Loss @ 65.22. Details
The technical summary data is suggesting a short of SCHB if it tests 65.03 with a downside target of 64.48. We should have a stop loss in place at 65.22 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, 65.03, 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 SCHB
- Buy SCHB slightly over 65.07, target n/a, Stop Loss @ 64.92 Details
If 65.07 begins to break higher, the technical summary data tells us to buy SCHB just slightly over 65.07, with an upside target of n/a. The data also tells us to set a stop loss @ 64.92 in case the stock turns against the trade. 65.07 is the first level of resistance above 64.75, and by rule, any break above resistance is a buy signal. In this case, 65.07, 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 SCHB slightly near 65.07, target 64.69, Stop Loss @ 65.22. Details
The technical summary data is suggesting a short of SCHB if it tests 65.07 with a downside target of 64.69. We should have a stop loss in place at 65.22 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, 65.07, 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 Schwab U.s. Broad Market Etf (SCHB) available here: SCHB.
SCHB Ratings for July 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
60.22 |
| P2 |
64.69 |
64.48 |
62.71 |
| P3 |
65.07 |
65.02 |
65.03 |
AI Generated Signals for SCHB
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Schwab U.s. Broad Market Etf (NASDAQ: SCHB) data table below can help you with price action, and we have more details too. Trading plans for SCHB are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SCHB:
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