As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it:
The Schwab U.S. Dividend Equity ETF (SCHD) has recently experienced a downturn, but several factors suggest a near-term upward reversal:
Technical Indicators:
1. SCHD's 100-day and 200-day simple moving averages are $27.95 and $26.79, respectively, with the current price above both, suggesting a longer-term bullish trend
2. StochRSI oversold on mult timeframes
3. Reached limit of reversal move after a Wave 5, which can act as near-term support
Recent Developments:
Dividend-paying stocks, including those in SCHD, have faced challenges due to volatility in the 10-year Treasury yield. However, with expectations of more stable interest rates, dividend-focused investments like SCHD could become more attractive.
Investor interest in dividend-paying equity ETFs has increased, with inflows more than doubling over the past month. This heightened demand could positively impact SCHD's price.
We see a near-term reversal to the $28.80 area -- a $0.50/share increase from current levels.
Be alert.
Trade green.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.