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April 08, 2023
- Key support level at $26.94 currently only 15 cents away
- Upper Bollinger Band® currently at $74.03
IShares MSCI Brazil ETF's upper Bollinger Band® is at $27.87 which indicates a further downward move may follow. Despite this, iShares MSCI Brazil ETF is trending down and heading towards $26.94, which is only 15 cents away now. Hitting this support line might signal a change of direction.
Looking forward, iShares MSCI Brazil ETF is poised to extend its strong downtrend and continue declining.
Communication Services Select Sector SPDR Fund's recent run now faces a major challenge as concentrated supply is likely found at $59.44 with price action currently 51 cents away. Despite posting gains on Thursday, Communication Services Select Sector SPDR Fund slid below its 5 day Simple Moving Average at $57.93 during the last session — an early indicator that a negative trend could be emerging. Communication Services Select Sector SPDR Fund's upper Bollinger Band® is at $59.83.
Technical analysis of Communication Services Select Sector SPDR Fund price action suggests it is likely to undergo a short-term reversal amid broader bullish sentiment.
Concerning technical analysis and more specifically, trend indicators, iShares MSCI USA Min Vol Factor ETF's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Analysis based on the asset volatility indicates that iShares MSCI USA Min Vol Factor ETF's upper Bollinger Band® is now at $74.03. IShares MSCI USA Min Vol Factor ETF's notable support and resistance levels: iShares MSCI USA Min Vol Factor ETF's run now faces a challenge at $73.65, which is only 12 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
For the time being, iShares MSCI USA Min Vol Factor ETF remains flat without a clear direction.
Fundamental indicators – highly important Unemployment Rate data from United States beat analyst expectations of 3.6 with a reading of 3.5.
