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SCHR Stock Tickeron detected bearish ETF Pattern: Triangle Symmetrical Bottom SCHR on October 10, 2024, netting in a 0.13% gain over 1 month

A.I.dvisor
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+0.13% Gain from a Successful pattern Triangle Symmetrical Bottom
SCHR - Schwab Intermediate-Term US Trs ETF™
Tickeron
Ticker: SCHR
Company: Schwab Intermediate-Term US Trs ETF™
Gain from shortening: +0.13%
Confirmed: 10/10/24
Succeeded: 10/10/24
Total length: 52 days
On August 19, 2024, A.I.dvisor detected a Triangle Symmetrical Bottom Pattern (Bearish) for Schwab Intermediate-Term US Trs ETF™ (SCHR, $24.83). 52 days later, on October 10, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 10, 2024, the stock hit the target price of $47.76 – resulting in a gain for traders who shorted the stock on the pattern detection date.

SCHR in downward trend: price dove below 50-day moving average on December 12, 2024

SCHR moved below its 50-day moving average on December 12, 2024 date and that indicates a change from an upward trend to a downward trend. In of 36 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for SCHR moved out of overbought territory on December 09, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on December 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SCHR 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 SCHR turned negative on December 16, 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 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SCHR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SCHR broke above its upper Bollinger Band on November 27, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

The 10-day moving average for SCHR crossed bullishly above the 50-day moving average on December 09, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SCHR advanced for three days, in of 304 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 254 cases where SCHR 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 IntermediateGovernment

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