- Bullish session prepares challenge of $43.12 level, currently 6 cents above current price of $43.06
- The lower Bollinger Band® is currently at $73 while the higher band is at $80.47
Around $42.93, VanEck Vectors Video Gaming and eSports ETF can look to establish a new bullish phase beyond its 10 day Simple Moving Average. VanEck Vectors Video Gaming and eSports ETF is hovering above a known Fibonacci resistance level of $42.89. It will be interesting to follow how VanEck Vectors Video Gaming and eSports ETF's run now faces a challenge at $43.12, which is only 6 cents away.
Examining the technical analysis landscape, VanEck Vectors Video Gaming and eSports ETF might continue its downtrend in the short term.
IShares U.S. Financials ETF's run now faces a challenge at $79.35, which is only 13 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. IShares U.S. Financials ETF's upper Bollinger Band® is at $80.47.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest iShares U.S. Financials ETF is set for a reversal in the coming days.
Technical analysis shows that Vanguard Mid-Cap ETF's recent run now faces a major challenge as concentrated supply is likely found at $212.22 with price action currently 8 cents away. Trend-focused traders would be interested to note that around $210.26, Vanguard Mid-Cap ETF can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $215.84, thereby suggesting that Vanguard Mid-Cap ETF is becoming overvalued.
Overall, while Vanguard Mid-Cap ETF has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Fundamental indicators – United States API Weekly Crude Oil Stock came out at -4.8 million, while a consensus of analysts was expecting -2.2 million.
Upcoming fundamentals: United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%, having previously been at -0.5%. The figure will be published today at 13:30 UTC.