- IShares MSCI USA Value Factor ETF target: $91.72 currently trades at $91.11
- Upper Bollinger Band® currently at $90.74
Chart analysis indicates iShares MSCI USA Value Factor ETF's run now faces a challenge at $91.72, which is only 61 cents away. This should be interesting to follow. Trend and momentum analysis indicates that iShares MSCI USA Value Factor ETF's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. According to asset volatility analysis, iShares MSCI USA Value Factor ETF's upper Bollinger Band® is at $90.74.
Notwithstanding iShares MSCI USA Value Factor ETF's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Despite posting gains on yesterday, Consumer Staples Select Sector SPDR Fund slid below its 50 day Simple Moving Average at $71.26 during the last session — an early indicator that a negative trend could be emerging. Consumer Staples Select Sector SPDR Fund's upper Bollinger Band® is now at $71.53. Consumer Staples Select Sector SPDR Fund's run now faces a challenge at $72.06, which is only 52 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Technical analysis suggests there could be an imminent reversal for Consumer Staples Select Sector SPDR Fund.
$50.41 marks the crossover point where Communication Services Select Sector SPDR Fund price action falls below its 5 day Simple Moving Average. On the other hand, note that Communication Services Select Sector SPDR Fund is eyeing the $49.76 support line.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting Communication Services Select Sector SPDR Fund to extend its recent losses.
Fundamental indicators – United States Crude Oil Inventories beat analyst expectations of 1 million and the previous reading of -1.73 million with new data of 2.59 million.
Upcoming fundamentals: United States GDP is projected to outperform its last figure with 2.4. It previously stood at -0.6; data will be released today at 12:30 UTC.