The Charles Schwab Corporation (SCHW) “On a long-term technical basis, the stock (SCHW) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 38.71 and 36.54. If the stock breaks down through support at 38.71 then it will probably continue lower to 36.54. The stock has resistance at 51.69. The 200-day moving average is at 37.46. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 38.71 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (84.51).”

The Charles Schwab Corporation (SCHW) “On a long-term technical basis, the stock (SCHW) is trading below its 200-day moving average which generally implies it is in a negative trend.

The stock has support at 36.89 and 33.79. If the stock breaks down through support at 36.89 then it will probably continue lower to 33.79. The stock has resistance at 37.98 and at 45.86. If the stock breaks up through resistance at 37.98 then it will probably continue higher to 45.86. The 200-day moving average is at 37.98. This will also act as resistance. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 36.89 look for a rally to previous highs. The stock is slightly overbought according to the Stochastic Indicator (71.47).”