- Solid trading session sets up assault on pivotal resistance at $32.22; currently 2 cents away
- Bollinger analysis indicates upper Band® is at $64.22
Around $32.17, Schwab International Equity ETF can look to establish a new bullish phase beyond its 3 day Simple Moving Average. The lower Bollinger Band® of Schwab International Equity ETF is at $31.92. On the other hand, note that Schwab International Equity ETF's run now faces a challenge at $32.22, which is only 2 cents away and will be interesting to follow.
Schwab International Equity ETF continues to move higher with technical analysis indicating the trend will continue in the short term.
Concerning technical analysis and more specifically, trend indicators, iShares S&P 500 Growth ETF's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. IShares S&P 500 Growth ETF bounced 27.392 cents away from Fibonacci support at $58.38. Analysis based on the asset volatility indicates that iShares S&P 500 Growth ETF's lower Bollinger Band® is now at $58.55. Chart analysis suggests $58.27 is only 38 cents away for iShares S&P 500 Growth ETF and might put a stop to its current downtrend.
For the time being, iShares S&P 500 Growth ETF remains flat without a clear direction.
Vanguard FTSE Europe ETF's notable support and resistance levels: a convincing break of this target could pave the way for deeper losses. Technical analysis trend indicators suggest that Vanguard FTSE Europe ETF's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. According to asset volatility analysis, Vanguard FTSE Europe ETF's lower Bollinger Band® is at $54.87.
For the time being, Vanguard FTSE Europe ETF remains flat without a clear direction.
Fundamental indicators – United States Building Permits (Nov) released yesterday at 13:30 UTC with a figure of 1.34 million, while the previous figure was 1.51 million.
Upcoming fundamentals: today at 15:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -1.66 million from the preceding figure of 10.23 million.