Charles Schwab stock: buy or sell
Updated on:
May 17th, 2021
2
Charles Schwab stock brief
- After marking all-time highs last Friday, Charles Schwab closed at $73.25 skyrocketing a 4.00%
- JPMorgan Chase & Co. posted a buy rating for Charles Schwab last Thursday, with a target of $84.00
- The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services.
Should I buy Charles Schwab stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $SCHW stock a buy?
In the current situation of Charles Schwab there is not any eligible buy setup. This doesn't mean $SCHW will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Charles Schwab stock?
"To sell or not to sell", if you are holding Charles Schwab stock?. Trading strategies help us to avoid impetuous decisions based on our emotions or the noise that surrounds the market. Our trading system selects very simple setups to guide us on when is the best moment to sell our shares. Be aware that these setups should not be used for selling short $SCHW stock
A guiding principle is that you must never hold a trade that shows a greater losses than those expected upon the buy. The timing to sell shares always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell Charles Schwab stock?
Currently, Charles Schwab stock doesn't match any of our preferred sell setups, so if you hold Charles Schwab shares and your operation is in profit probably is not time to sell now
Charles Schwab ratings
In the last 30 days, 10 brokerage ratings were published for Charles Schwab
| Brokerage firm | Rating |
|---|---|
| Apr 20th, 2021 | |
| Argus | Neutral |
| Apr 22nd, 2021 | |
| Credit Suisse Group | Neutral |
| Apr 23rd, 2021 | |
| Barclays | |
| Citigroup | Neutral |
| Jefferies Financial Group | Neutral |
| Apr 26th, 2021 | |
| Morgan Stanley | Buy |
| Apr 27th, 2021 | |
| Credit Suisse Group | Neutral → Buy |
| May 3rd, 2021 | |
| Credit Suisse Group | Neutral → Buy |
| Morgan Stanley | Buy |
| May 13th, 2021 | |
| JPMorgan Chase & Co. | Buy → Buy |
Charles Schwab stock analysis
Charles Schwab stock started an uptrend in June 2020, and grew a gorgeous 135.08%. The price line shows higher peaks and higher troughs, and along the way provided some entry points for those who wanted to trade in. Latest pullback was in mid-April, when price bounced at $63.29. In late April, Charles Schwab broke out above its last top ($68.71) offering a good entry point
$SCHW at All-time Highs
Charles Schwab did it again, and marked new all-time highs (ATH) last Friday at $73.37
SMAs overview
Supports and resistances
Price is at all-time highs and there are not upper resistances.
The current supports are:
Bollinger bands
The price is moving near to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a bearish indicator, as price can trade in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 last March after just crossing to the overbough zone for a single day (weak signal). The RSI value last Friday was 64.96
Charles Schwab stock price history
Charles Schwab started trading on Sep 22nd, 1987 at $0.00 per share1. Since then, SCHW stock surged by -, with an average of 0.00% per year. If you had invested $1,000USD in Charles Schwab stock at that time, it would be valued $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Charles Schwab stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions post their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new financial data by the company, and usually. If you are a small investor you must not trade based on these price targets.
The average price target for Charles Schwab stock calculated from the table below is $81.90. Charles Schwab closed at $73.25 last Friday, so the target price is forecasting an increase by 11.81%.
| Brokerage firm | Price target |
|---|---|
| Apr 20th, 2021 | |
| Argus | $66.00 → $77.00 |
| Apr 22nd, 2021 | |
| Credit Suisse Group | $72.00 → $74.00 |
| Apr 23rd, 2021 | |
| Barclays | $65.00 → $70.00 |
| Citigroup | $88.00 → $93.00 |
| Jefferies Financial Group | $76.00 → $77.00 |
| Apr 26th, 2021 | |
| Morgan Stanley | $83.00 → $86.00 |
| Apr 27th, 2021 | |
| Credit Suisse Group | $74.00 → $86.00 |
| May 3rd, 2021 | |
| Credit Suisse Group | $74.00 → $86.00 |
| Morgan Stanley | $83.00 → $86.00 |
| May 13th, 2021 | |
| JPMorgan Chase & Co. | $82.00 → $84.00 |
Earnings and financials
In mid-April, The Charles Schwab Corporation ($SCHW) reported EPS for that met Wall St. expectations. Quarterly EPS was $0.84 per share vs the estimates of $0.82. Reported sales were $4.7 billion, consistent with the market estimates as well.
Same quarter one year ago, reported EPS was $0.61, so current EPS means an improvement of 37.70%. Turnover skyrocketed a 80.17% on an annualized basis in the , from $26.2B to $47.2B last quarter.Charles Schwab ($SCHW) posts financial report next July. Wall Street forecasts of $0.76, compared to previous quarter that was $0.84.
Charles Schwab competitors
Charles Schwab is classified inside the Financial sector and the Capital Markets industry, which contain industry peers.
Charles Schwab most relevant competitors are:
| Company | Market cap | Rating | Bullish ratings1 |
|---|---|---|---|
| Charles Schwab ($SCHW) | $125.0B | Buy | 5 |
| Bank of America ($BAC) | $332.4B | Buy | 1 |
| Morgan Stanley ($MS) | $156.0B | Buy | 4 |
| Interactive Brokers (IBKR) | $32.8B | Buy | 2 |
| Raymond James Financial (RJF) | $16.2B | Buy | 3 |
| LPL Financial (LPLA) | $11.7B | | 4 |
| SEI Investments (SEIC) | $8.7B | Buy | 1 |
| Stifel Financial (SF) | $7.1B | Neutral | 0 |
1 In the last 30 days.
Charles Schwab performance
To better understand Charles Schwab performance you must compare its gains with other related stocks in same sector or industry.. For Charles Schwab, the benchmark is made against Bank of America, Morgan Stanley, Interactive Brokers, Raymond James Financial, LPL Financial, SEI Investments and Stifel Financial.
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Charles Schwab ($SCHW) | 11.70% | 24.60% | 62.30% |
| Bank of America ($BAC) | 7.80% | 25.30% | 59.60% |
| Morgan Stanley ($MS) | 8.30% | 15.00% | 58.90% |
| Interactive Brokers (IBKR) | -10.10% | -5.30% | 35.40% |
| Raymond James Financial (RJF) | 2.40% | 17.00% | 61.30% |
| LPL Financial (LPLA) | 0.70% | 14.40% | 73.10% |
| SEI Investments (SEIC) | 0.50% | 10.70% | 16.60% |
| Stifel Financial (SF) | 0.20% | 19.20% | 59.80% |
Disclaimer:
The thoughts published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the specific situations of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are provided for learning motives onlyCharles Schwab summary
| Friday, May 14th, 2021 | |
|---|---|
| Open | $70.66 |
| Close | $73.25 |
| Day range | $70.61 - $73.37 |
| Previous close | $70.43 |
| Session gain | 4.00% |
| Average true range | $2.08 |
| 50d mov avg | $66.92 |
| 100d mov avg | $62.06 |
| 200d mov avg | $50.89 |
| Earnings date | July 15th, 2021 |