- Solid trading session sets up assault on pivotal resistance at $47.18; currently 16 cents away
- Upper Bollinger Band® currently at $94.71
IShares MSCI USA Value Factor ETF's upper Bollinger Band® is now at $94.71. IShares MSCI USA Value Factor ETF's recent run now faces a major challenge as concentrated supply is likely found at $94.11 with price action currently 32 cents away.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest iShares MSCI USA Value Factor ETF is set for a reversal in the coming days.
Around $18.19, iShares Global Clean Energy ETF can look to establish a new bullish phase beyond its 10 day Simple Moving Average. Despite this, iShares Global Clean Energy ETF's recent run now faces a major challenge as concentrated supply is likely found at $18.51 with price action currently 11 cents away.
Overall, looking at the technical analysis landscape, it seems iShares Global Clean Energy ETF might continue pointing upwards in the short term.
Around $47.15, iShares MSCI Taiwan ETF can look to establish a new bullish phase beyond its 5 day Simple Moving Average. IShares MSCI Taiwan ETF's lower Bollinger Band® is now at $46.37. In contrast, iShares MSCI Taiwan ETF's run now faces a challenge at $47.18, which is only 16 cents away and will be interesting to follow.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts iShares MSCI Taiwan ETF to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the iShares MSCI Taiwan ETF is expected to pick up significant bullish sentiment in the coming days.
Fundamental indicators – United States Core PCE Price Index (YoY) (May) released yesterday at 12:30 UTC with a figure of 4.6, while the previous figure was 4.7.