Score 8.9 (out of 10): SCHWAB (CHARLES) sets up for +9.2% rally in 3 months

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What’s Going On Here?

SCHWAB (CHARLES) shares have been correlated with declining treasury bond yields due to the uncertainty surrounding the Ukraine conflict, but the company’s share decline might reverse due to the signal below.

Why Now?

SCHWAB (CHARLES) CORP has triggered a new technical analysis signal. During similar occasions, SCHWAB (CHARLES) CORP shares had a median return of +9.2%, over the following 3 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for SCHWAB (CHARLES) CORP received a high score of 8.9 (out of 10). This insight was generated on 2022- March-1 with last price of 77.86.

What’s This Company About?

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

What’s My Risk / Reward and Time Horizon?

We found 3 months 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 85.02 (+9.2%) has been reached. Based on SCHWAB (CHARLES) CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 73.76 (last price at 77.86), which is equivalent to a -5.3% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

17.8% (September-2021), 20.8% (July-2021), -3.5% (June-2018), 1.1% (April-2018), 8.3% (August-2017), 10.7% (April-2017), 7.8% (August-2015), 9.9% (December-2014), 8.5% (October-2014), 10.5% (May-2014).

Historical Chart:

Summary:

NameSCHWAB (CHARLES) CORP
ViewUp
Star (1 to 10)8.9
Target+3.2%
Time3 months
Hist Rate90%

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