IShares MSCI USA Value Factor ETF trades at $89.34, after ending yesterday at $89.27.
- United States Pending Home Sales is next today at 14:00 UTC.
- While mostly sideways today, iShares MSCI USA Value Factor ETF is on a 7 day bearish trend during which it lost $4.31.
Earlier data releases related to iShares MSCI USA Value Factor ETF – highly important GDP data from United States beat analyst expectations of two with a reading of 1.1. United States Initial Jobless Claims beat analyst expectations of 248,000 and the previous reading of 246,000 with new data of 230,000.
Technical analysis of iShares MSCI USA Value Factor ETF before macro data is released:
Trend-following investors would be interested to note that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Analysis based on the asset volatility indicates that iShares MSCI USA Value Factor ETF's upper Bollinger Band® is at $94.62 and the lower is $89.62.
With market volatility ebbing, the current technical outlook indicates iShares MSCI USA Value Factor ETF will remain range-bound for the immediate future.
Coming up for iShares MSCI USA Value Factor ETF — projections for United States Pending Home Sales are set for a continuation of decline with 0.5% while previous data was 0.8%; data will be released today at 14:00 UTC. United States Core PCE Price Index (MoM) (Mar) scheduled to come out tomorrow at 12:30 UTC.
As the markets get ready for more data to be released — NextEra Energy gained 1.42% and is currently trading at $75.12. Bristol-Myers Squibb Company is trading around $67.2 (down 79.5 cents). Microsoft is up 0.57%.
IShares MSCI USA Value Factor ETF is now trading 8.17% below its 3-month high of $103.63.