- Financial Select Sector SPDR Fund is trending down and might signal a change of direction
- IShares MSCI USA Value Factor ETF's upper Bollinger Band® is at $94.63.
Technical analysis of Financial Select Sector SPDR Fund's past price action reveals multiple support and resistance levels: a convincing break of this target could pave the way for deeper losses. Technical analysis trend indicators suggest that Financial Select Sector SPDR Fund made an initial foray below its 21 day Simple Moving Average around $32.43. Analysis based on the asset volatility indicates that Financial Select Sector SPDR Fund's lower Bollinger Band® is now at $31.45.
For the time being, Financial Select Sector SPDR Fund remains flat without a clear direction.
A study of iShares MSCI USA Value Factor ETF's chart reveals various key levels to watch: iShares MSCI USA Value Factor ETF is trending down and heading towards $88.8, which is only 47 cents away now. Hitting this support line might signal a change of direction. Trend-focused traders would be interested to note that iShares MSCI USA Value Factor ETF's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. According to asset volatility analysis, iShares MSCI USA Value Factor ETF's lower Bollinger Band® is at $89.6.
For the time being, iShares MSCI USA Value Factor ETF remains flat without a clear direction.
$150.52 marks the crossover point where iShares S&P 500 Value ETF price action falls below its 50 day Simple Moving Average. IShares S&P 500 Value ETF is currently flirting with an active Fibonacci support level around $149.88. In contrast, iShares S&P 500 Value ETF's downtrend might be halted by its support level at $149.11, which is only 61 cents away. IShares S&P 500 Value ETF's lower Bollinger Band® is at $149.16, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for iShares S&P 500 Value ETF.
Fundamental indicators – Crude Oil Inventories in United States fell short of market expectations (-1.49 million) with a reading of -5 million, continuing the decline from the previous figure of -4.58 million.
Upcoming fundamentals: United States Pending Home Sales projected to decline to 0.5% while previous data was 0.8%; data will be released today at 14:00 UTC.