The Greedy Trader Weekly Analysis
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- 5/29/2026 -
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Charles Schwab (SCHW) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal line
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It was the negative week for the Charles Schwab (SCHW). During the week, the SCHW dropped -2.80 points, or -3.11%, and closed at 87.35 on Friday, May 29, 2026. Weekly volume was 79% above average.

SCHW is a member of Financials Sector. Financials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See SCHW long-term trend chart]
A long-term uptrend had started on October 4, 2011 at 10.56 and reached 107.50 on February 10, 2026. SCHW gained -96.94 points, or -917.99%, in 749 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 41.50 and resistance is at 135.71. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See SCHW medium-term trend chart]
A medium-term uptrend had started on March 13, 2023 at 45.00 and reached 107.50 on February 10, 2026. SCHW gained -62.50 points, or -138.89%, in 152 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 79.05 and resistance is at 112.00. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See SCHW weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 13, 2026. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See SCHW short-term trend chart]
A short-term downtrend had started on April 15, 2026 at 100.76 and reached 83.96 on May 28, 2026. SCHW lost 16.80 points, or 16.67%, in 43 days. The price is now at the 20.18% retracement level.

Daily Technical Indicators: [See SCHW daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.58
Williams' Percentage Range (W%R) 78.50
Lane's Stochastic (%D-Slow) 22.06
Greed/Fear Indicator (GFI) 30.06
Moving Average Converg./Diverg. (MACD) -0.99
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.98
Williams' Percentage Range (W%R) 91.30
Strong Oversold
Lane's Stochastic (%D-Slow) 20.51
Greed/Fear Indicator (GFI) 24.37
Moving Average Converg./Diverg. (MACD) -0.31
Trading Signals
Description Value Chart
Upper Bollinger Band 93.75
50 Day Moving Average 92.13
Parabolic System 91.41
20 Day Moving Average 89.89
Weekly Stochastic Crossing 87.38
Price 87.35
Lower Bollinger Band 85.67
Daily Stochastic Crossing 85.46
Quarterly Trendline Support 79.05
Sector and Industry
Description Name Rank
Sector Financials 8
Industry Investment Banking & Brokerage 80
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 100.76
High Date 04/15/2026
Low 83.96
Low Date 05/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 107.50
High Date 02/10/2026
Low 83.96
Low Date 05/28/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.01
Low Date 07/17/2024
High 107.50
High Date 02/10/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 112.00
Support 79.05
Low 45.00
Low Date 03/13/2023
High 107.50
High Date 02/10/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 135.71
Support 41.50
Low 10.56
Low Date 10/04/2011
High 107.50
High Date 02/10/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.