Buying pressure lifts Charles Schwab stock higher in today's trading

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Charles Schwab rises 3.04% today

Highlights

Charles Schwab attracted $49.9 billion in core net new assets in May 2026, lifting total client assets to $13.14 trillion.
The firm slashed expense ratios on four equity index ETFs to as low as 0.03% to enhance industry competitiveness.
Short-term upside persists but mixed momentum and overbought signals suggest a likely sideways range near $91.12–$91.59, with resistance near recent highs.

Asset inflows and expense cuts fuel investor optimism

Charles Schwab reported a significant increase in core net new assets for May 2026, attracting $49.9 billion — a 43% rise from the previous year and bringing total client assets to $13.14 trillion. The company also lowered operating expense ratios on four equity index ETFs, some as low as 0.03%, to strengthen its competitive position in asset management. Additional corporate actions include expanding financial literacy initiatives and filing a Certificate of Elimination in Delaware to remove all matters related to its Series I Preferred Stock.

Anton Kharitonov, expert at Traders Union, sees the recent surge in Charles Schwab’s shares as technically fragile. He notes that SCHW remains stuck below its 200-day SMA at $94.84, with mixed momentum and several indicators warning of overbought conditions. The underlying business shows asset growth and cost-saving ETF measures, but he believes these positives are already priced in. News of client inflows may boost sentiment, yet the MACD’s strong sell and weak ADX reveal underlying weakness. "Despite today’s bounce, I remain skeptical of any sustainable rally here — short-term buyers should beware reversion risks."

Viktoras Karapetjanc, expert at Traders Union, views Charles Schwab’s fundamentals as highly constructive. He points to the 43% surge in net new assets and aggressive ETF fee reductions as clear signs of competitive strength and client confidence. The analyst highlights the company’s growing total assets and ongoing literacy initiatives as tailwinds for further expansion. Although technical inertia persists, he maintains the bullish structure remains intact. "I see further growth ahead as Schwab capitalizes on asset inflows and smart operational moves."

Conflicting momentum signals amid overbought readings and weak trend

Charles Schwab is trading above its 20-day simple moving average (SMA) at $88.87, above the Ichimoku Kijun at $88.70, and just above MA-50 ($91.05), but remains well below the 200-day SMA at $94.84. This structure suggests short-term upward momentum, possible medium-term consolidation, and longer-term resistance, with the nearest dynamic supports around $88.70 (Kijun) and $91.05 (MA-50) acting as immediate resistance.

Momentum readings are mixed: the MACD signals strong sell on the daily chart, and the Average Directional Index (ADX) shows a weak trend. The Relative Strength Index (RSI) is neutral but below 50, and the Stochastic RSI and Commodity Channel Index (CCI) highlight an overbought condition. Bull/Bear Power (BBP) is above zero, indicating buyers currently dominate, but it is also flagged as overbought. The daily price is up 3.04% at $91.40 following an upside gap of about $0.83. Price action is currently near the high of the daily range, with intraday volatility muted at 0.21%. This paints a picture of strength toward session highs, though key indicators diverge between buying momentum and overbought risks.

Earlier, analysts noted that Charles Schwab remained under sustained bearish momentum despite intermittent attempts at stabilization. The latest data suggest short-term upward momentum and renewed asset growth could challenge this view, but with mixed technical signals and broader resistance still in place, any sustained upside will likely depend on a clear breakout above the $91.05 level.

Source of Data: SCHW Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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