- IShares Russell Mid-Cap Value ETF bearish trend is facing a possible turning point at $108.79
- Vanguard Short-Term Corporate Bond ETF's upper Bollinger Band® is at $76.
Trend analysis indicates that $110.6 marks the crossover point where iShares Russell Mid-Cap Value ETF price action falls below its 50 day Simple Moving Average. Asset volatility analysis shows that iShares Russell Mid-Cap Value ETF's lower Bollinger Band® is now at $108.48. Support/Resistance levels obtained from chart analysis indicate that a persuasive break of this target could lead to higher losses.
For the time being, iShares Russell Mid-Cap Value ETF remains flat without a clear direction.
Materials Select Sector SPDR Fund made an initial foray below its 50 day Simple Moving Average around $81.68. Price action remains constrained around the key Fibonacci level of $81.46 currently serving as support. If price action breaks below, the next Fib hurdle is $80.75. On the other hand, note that Materials Select Sector SPDR Fund's lower Bollinger Band® is at $79.9, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. A convincing break of this target could pave the way for deeper losses.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for Materials Select Sector SPDR Fund.
$75.07 marks the crossover point where Vanguard Short-Term Corporate Bond ETF price action falls below its 5 day Simple Moving Average. In contrast, a convincing break of this target could pave the way for deeper losses. Bollinger Bands® shows an indication of recovery: the lower band is at $74.69, a low enough level to, generally, suggest that Vanguard Short-Term Corporate Bond ETF is trading below its fair value.
Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Vanguard Short-Term Corporate Bond ETF.
Fundamental indicators – United States ADP Nonfarm Employment Change (Feb) released today at 13:15 UTC with a figure of 242,000, while the previous figure was 119,000.
Upcoming fundamentals: today at 15:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 395,000 from the preceding figure of 1.17 million.