- Solid trading session sets up assault on pivotal resistance at $153.83; currently 5 cents away
- The lower Bollinger Band® is currently at $149.72 while the higher band is at $154.5
As iShares S&P 500 Value ETF's MACD index generated a crossover buy signal, the medium-term indication has turned positive. This occurs as the MACD line crosses above the MACD signal line. IShares S&P 500 Value ETF is hovering above a known Fibonacci resistance level of $153.39. On the other hand, note that Bollinger Band® analysis indicates that current price action is approaching the upper band at $154.5, thereby suggesting that iShares S&P 500 Value ETF is becoming overvalued. IShares S&P 500 Value ETF's run now faces a challenge at $153.83, which is only 5 cents away and will be interesting to follow.
With all probabilities considered, today's gains in iShares S&P 500 Value ETF have only added further momentum to existing technical factors favoring greater bullish sentiment in the days to come.
With regards to technical trend indicators, chart analysis show that around $134.91, Vanguard Mid-Cap Value ETF can look to establish a new bullish phase beyond its 50 day Simple Moving Average. Vanguard Mid-Cap Value ETF is alternating around the $134.57 Fibonacci resistance level. Analysis based on the asset volatility indicates that Vanguard Mid-Cap Value ETF's upper Bollinger Band® is now at $136.03. Support/Resistance levels obtained from chart analysis indicate that it will be interesting to follow how Vanguard Mid-Cap Value ETF's run now faces a challenge at $134.43, which is only 35 cents away.
For the time being, Vanguard Mid-Cap Value ETF remains flat without a clear direction.
Technical analysis trend indicators suggest that around $35.67, Schwab International Equity ETF can look to establish a new bullish phase beyond its 10 day Simple Moving Average. Asset volatility analysis shows that Schwab International Equity ETF's upper Bollinger Band® is at $36.15, suggesting that a downward move may follow. Chart analysis indicates Schwab International Equity ETF's run now faces a challenge at $35.33, which is only 41 cents away and will be interesting to follow.
For the time being, Schwab International Equity ETF remains flat without a clear direction.
Fundamental indicators – United States Core PCE Price Index (MoM) (Mar) came out at 0.3, while a consensus of analysts was expecting 0.3.