- Vanguard FTSE Emerging Markets ETF's recent run now faces a challenge at $37.7
- The lower Bollinger Band® is currently at $34.97 while the higher band is at $37.32
A study of Vanguard FTSE Emerging Markets ETF's historical price actions shows Vanguard FTSE Emerging Markets Index Fund ETF Shares's run now faces a challenge at $37.7, which is only 17 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Trend-following investors would be interested to note that Vanguard FTSE Emerging Markets ETF's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Asset volatility analysis shows that Vanguard FTSE Emerging Markets ETF's upper Bollinger Band® is now at $37.32.
Overall, while Vanguard FTSE Emerging Markets ETF has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Technical chart analysis shows a persuasive break of this target could lead to higher losses.
Industrial Select Sector SPDR Fund's recent run now faces a major challenge as concentrated supply is likely found at $95.77 with price action currently 70 cents away. Despite posting gains on Friday, Industrial Select Sector SPDR Fund slid below its 200 day Simple Moving Average at $94.48 during the last session — an early indicator that a negative trend could be emerging.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Industrial Select Sector SPDR Fund is set for a reversal in the coming days.
Upcoming fundamentals: United States EIA Short-Term Energy Outlook is scheduled for tomorrow at 17:00 UTC.