Charles Schwab stock: buy or sell
Updated on:
Jan 27th, 2021
2
Charles Schwab stock brief
- Charles Schwab stock fell -1.52% to close at $56.21 on the stock market today, after 3 consecutive sessions in negative.
- The stock is configuring an uptrend pattern since June 2020, when it bottomed at $31.34. This rally marked a 79.36% gain
- On January 19, Charles Schwab made public its Q4 earnings report
- 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?
Currently, Charles Schwab stock doesn't match any of these trading strategies, so our recommendation is not to buy now. 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?
When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the correct moment to sell and get your profits. Trading strategies let us to avoid impetuous decisions based on our moods or the buzz that surrounds the market. When selling, as well as buying, detailed setups are very easy to follow but are only valid for selling shares in your porfolio, not for selling short Charles Schwab stock
A golden rule is that you should not mantain a trade that shows a losses greater than those expected by the time of the buy. The moment to sell shares always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell Charles Schwab stock?
In the current situation of Charles Schwab there is not any eligible sell setup, so Charles Schwab stock holders with operations in profit can keep their positions
Charles Schwab ratings
In the last 30 days, 6 ratings were published for Charles Schwab. General sentiment is bullish, with 4 out of 6 publishing optimistic outlooks
| Brokerage firm | Rating |
|---|---|
| Jan 5th, 2021 | |
| Wolfe Research | |
| Jan 11th, 2021 | |
| Morgan Stanley | Buy |
| Jan 12th, 2021 | |
| Bank of America | Neutral → |
| Jan 20th, 2021 | |
| Credit Suisse Group | Neutral |
| Deutsche Bank Aktiengesellschaft | |
| Wells Fargo & Company | Buy |
Charles Schwab stock analysis
Charles Schwab stock started an uptrend in June 2020, and grew an amazing 79.36%. During this uptrend, the price offered some entry points on the breakouts. Latest low was in September 2020, when price bounced at $33.66. Like in all uptrends, price needs to rest and now price is moving in a range between $62.04 and $33.66
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band on January 12, the price has been corrected downwards by 9.40%
Relative strength index
The RSI dropped below the overbought level of 70 on January 20 after just crossing to the overbough zone for a single day (weak signal). The RSI value on Tuesday was 52.18. Since then, Charles Schwab price sank a 5.10%
Charles Schwab stock price history
Charles Schwab went public on Sep 22nd, 1987 priced at $0.00 per share1. Since then, SCHW stock has risen by -, with an average of 0.00% per year. An investment of thousand dollars on the IPO would be valued $inf nowadays.
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 predictions are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions post their price forecasts based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental data by the company, and usually. If you are a small investor you should not invest based on these forecasts.
The average price target for Charles Schwab stock calculated from the table below is $66.33. Charles Schwab closed at $56.21 on Tuesday, so the target price is predicting a growth by 18.00%.
| Brokerage firm | Price target |
|---|---|
| Jan 5th, 2021 | |
| Wolfe Research | $39.00 → $56.00 |
| Jan 11th, 2021 | |
| Morgan Stanley | $65.00 → $71.00 |
| Jan 12th, 2021 | |
| Bank of America | $52.00 → $68.00 |
| Jan 20th, 2021 | |
| Credit Suisse Group | $57.00 → $60.00 |
| Deutsche Bank Aktiengesellschaft | $70.00 → $73.00 |
| Wells Fargo & Company | $60.00 → $70.00 |
Earnings and financials
The Charles Schwab Corporation ($SCHW) came out with earnings of $0.74 per share on January 19, slightly improving the Market consensus estimate of $0.71 per share. This quarterly report represents an earnings surprise of 4.23%. On the contrary, the company said revenue for Q4 was $4.2 billion consistent with the market estimates.
In comparing, the EPS for the same quarter last year was $0.62, so current EPS is a improvement of 19.35%. Looking at turnover, figures exploded a 60.25% compared to $26.1B same quarter 12 months ago.Charles Schwab ($SCHW) is presenting Q1 earnings report next April. Market forecasts of $0.67, compared to Q4 that was $0.74.
Charles Schwab performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Charles Schwab ($SCHW) | 7.30% | 41.70% | 68.80% |
Important note:
The opinions published in this post are personal and not recommendations for you to buy or sell stocks. The author of this document does not know the individual circumstances of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are posted for learning motives onlyCharles Schwab summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $57.49 |
| Close | $56.21 |
| Day range | $56.12 - $57.69 |
| Previous close | $57.08 |
| Session gain | -1.52% |
| Average true range | $2.47 |
| 50d mov avg | $52.56 |
| 100d mov avg | $45.15 |
| 200d mov avg | $40.04 |
| Earnings date | April 14th, 2021 |