Score 7.8 (out of 10): SCHWAB (CHARLES) sets up for +8.6% rally in 1 month

56

What’s Going On Here?

SCHWAB (CHARLES) has triggered a new price range signal. During similar occasions, SCHWAB (CHARLES) shares had a median return of +8.6%, over the following 1 month – based on 10 historical occasions with 7 of those showing positive returns (70%). This buy signal for SCHWAB (CHARLES) received a high score of 7.8 (out of 10). This insight was generated on 2023-May-5 with last price of 47.37.

SCHWAB (CHARLES) is in the Finance-Invest Bnkr/Brkr business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: SCHW US.

Historical Chart:

5% (January-2023), 13.8% (October-2022), 10.7% (March-2022), 7.3% (December-2021), 12% (September-2021), -0.4% (June-2021), 10.5% (May-2020), -8.1% (February-2020), 9.9% (August-2019), -2.9% (May-2019).

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 51.44 (+8.6%) has been reached. Based on SCHWAB (CHARLES)’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 44.07 (last price at 47.37), which is equivalent to a -7% decline.

Historical Chart:

—-

Leave a Reply