Schwab stock price continues to ride a moving average

Schwab stock price continues to ride a moving average crossover signal, which last occurred six weeks ago and historically led to a 5–7% rally in similar setups. With shares trading at a notable discount to analyst price targets amid recent expansion and upbeat financials, the crucial question is whether Schwab’s momentum signals a real buying opportunity or if the market already reflects what is ahead. In comparison to April, The Charles Schwab Corporation (NYSE:SCHW) reported lower trading volumes, slower seasonally adjusted net new assets, and a lower cash mix. That said, Truist noted that the company’s fundamentals held up well in spite of these slowdowns, with daily average trades surpassing 7 million and net new asset growth still hovering around 5%. Investors observing Schwab stock price are factoring in potential margin tailwinds from rising account balances. Brokerage cash sweep programs are benefiting from higher short-term rates.