- Buoyed by a strong session amid an uptrend, iShares Core Dividend Growth ETF is 15 cents away from testing key resistance at $51.68
- The lower Bollinger Band® is currently at $49.89 while the higher band is at $51.65
Chart analysis suggests iShares Core Dividend Growth ETF's run now faces a challenge at $51.68, which is only 15 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. With regards to technical trend indicators, chart analysis show that iShares Core Dividend Growth ETF's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. IShares Core Dividend Growth ETF is alternating around the $51.45 Fibonacci resistance level. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $51.65, thereby suggesting that iShares Core Dividend Growth ETF is becoming overvalued.
Notwithstanding iShares Core Dividend Growth ETF's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
SPDR S&P Dividend ETF's upper Bollinger Band® is now at $124.37. SPDR S&P Dividend ETF's recent run now faces a major challenge as concentrated supply is likely found at $122.92 with price action currently 34 cents away.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest SPDR S&P Dividend ETF is set for a reversal in the coming days.
Around $7.24, United States Natural Gas Fund LP can look to establish a new bullish phase beyond its 10 day Simple Moving Average. In contrast, United States Natural Gas Fund LP's run now faces a challenge at $7.6, which is only 18 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Overall, looking at the technical analysis landscape, it seems United States Natural Gas Fund LP might continue pointing upwards in the short term.
Upcoming fundamentals: United States ISM Manufacturing PMI (Jun) is scheduled for tomorrow at 14:00 UTC.