Schwab US Large-Cap Growth ETF
SELL
Close
25.93
Prev.Close
26.70
Change
-0.7700
Change%
-2.88%
Sold at
26.34
Open
26.41
High
26.41
Low
25.91
Close
25.93
Gain%
-1.56%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Our system’s recommendation today is to SELL. The BEARISH DARK CLOUD COVER pattern finally received a confirmation because the prices crossed below the confirmation level which was at 26.70, and our valid average selling price stands now at 26.34. The previous BUY signal was issued on 10/25/2024, 6 days ago, when the stock price was 26.58. Since then SCHG has fallen by -0.90%.
Market Outlook
We may be at a market top or at the start of a correction. The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a <SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.
Pattern Description
This is a top reversal pattern with two candlesticks. A white candlestick appears on the first day while an uptrend is in progress. The second day opens at a new high, with a gap up and closes more than halfway into the prior white body, leading to the formation of a strong black candlestick. more...
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