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Charles Schwab Corp - 4 Hourly

By Minipip
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Charles Schwab Corp is due to report its earnings today, can the stock recover some of its recent losses?

Charles Schawb Corp is expected to report its earnings by COP today. It is estimated to report an EPS of $1.05 with a revenue of $5.42 billion. From a technical perspective, the stock's current share price sits at $69.04 with a major support level sitting at $68.06. A break below the major support level (lower green trendline) may result in a drop towards $65.59, a price the stock bounced back from a couple of months ago. Towards the upside, minor resistance sits at $69.39 followed by major resistance at $71.63. A break above the major resistance level could see the stock recover some of its recent losses, however, this could be very much dependent on the earnings report. Looking at the indicators, MACD is currently negative and RSI reads 33, overall suggesting a negative stance but RSI is floating above 'oversold' territory.

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