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SCHH Stock Tickeron detected bearish ETF Pattern: Triangle Symmetrical Top SCHH on December 10, 2024, netting in a 6.02% gain over 4 weeks

A.I.dvisor
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+6.02% Gain from a Successful pattern Triangle Symmetrical Top
SCHH - Schwab US REIT ETF™
Tickeron
Ticker: SCHH
Company: Schwab US REIT ETF™
Gain from shortening: +6.02%
Confirmed: 12/10/24
Succeeded: 12/18/24
Total length: 28 days
On November 20, 2024, A.I.dvisor detected a Triangle Symmetrical Top Pattern (Bearish) for Schwab US REIT ETF™ (SCHH, $22.21). 20 days later, on December 10, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On December 18, 2024, the stock hit the target price of $20.85 – resulting in a gain for traders who shorted the stock on the pattern detection date.

SCHH in -5.52% downward trend, declining for three consecutive days on December 19, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SCHH declined for three days, in of 274 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SCHH as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for SCHH turned negative on December 06, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

SCHH moved below its 50-day moving average on December 04, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for SCHH crossed bearishly below the 50-day moving average on December 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SCHH advanced for three days, in of 323 cases, the price rose further within the following month. The odds of a continued upward trend are .

SCHH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 295 cases where SCHH Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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General Information

Category RealEstate

Profile
Fundamentals
Details
Category
Real Estate
Address
Schwab Strategic Trust101 Montgomery StreetSan Francisco
Phone
1-800-435-4000
Web
www.csimfunds.com.