- IShares iBoxx $ High Yield Corporate Bond ETF's CCI indicator is below -100
- IShares Russell 1000 Value ETF's upper Bollinger Band® at $161.7, suggesting a further decline is forthcoming.
Trend and momentum analysis indicates that iShares iBoxx $ High Yield Corporate Bond ETF's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Analysis based on the asset volatility indicates that iShares iBoxx $ High Yield Corporate Bond ETF's lower Bollinger Band® is at $73, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
For the time being, iShares iBoxx $ High Yield Corporate Bond ETF remains flat without a clear direction.
With regards to technical trend indicators, chart analysis show that iShares Russell 1000 Value ETF's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. According to momentum evaluation, the Relative Strength Index indicates iShares Russell 1000 Value ETF is in oversold condition. Asset volatility analysis shows that Bollinger Bands® shows an indication of recovery: the lower band is at $146.75, a low enough level to, generally, suggest that iShares Russell 1000 Value ETF is trading below its fair value.
For the time being, iShares Russell 1000 Value ETF remains flat without a clear direction.
Real Estate Select Sector SPDR Fund's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average.
Despite the market lacking direction, technical chart analysis strongly suggests Real Estate Select Sector SPDR Fund is positioned for a downward move in the near term.
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