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April 21, 2023
- IShares Core S&P Mid-Cap ETF bearish trend is facing a possible turning point at $248.09
- The upper Bollinger Band® of iShares Core S&P Mid-Cap ETF is at $253.13.
Analysis of iShares Core S&P Mid-Cap ETF's recent price action suggests iShares Core S&P Mid-Cap ETF is eyeing the $248.09 support line. Trend-following investors would be interested to note that around $249.37, iShares Core S&P Mid-Cap ETF can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Asset volatility analysis shows that iShares Core S&P Mid-Cap ETF's upper Bollinger Band® is at $253.13 which indicates a further downward move may follow.
For the time being, iShares Core S&P Mid-Cap ETF remains flat without a clear direction.
Around $18.27, ProShares UltraShort QQQ can look to establish a new bullish phase beyond its 21 day Simple Moving Average. In contrast, ProShares UltraShort QQQ's recent run now faces a major challenge as concentrated supply is likely found at $18.37 with price action currently 21 cents away.
Overall, looking at the technical analysis landscape, it seems ProShares UltraShort QQQ might continue pointing upwards in the short term.
Technical analysis of Vanguard Extended Market ETF's past price action reveals multiple support and resistance levels: Vanguard Extended Market ETF could begin to recover as it approaches significant support, now 59 cents away from $138. Dipping below could be an indication that further losses are ahead. Trend analysis indicates that around $139.44, Vanguard Extended Market ETF can look to establish a new bullish phase beyond its 200 day Simple Moving Average. According to asset volatility analysis, Vanguard Extended Market ETF's upper Bollinger Band® is at $141.24 which indicates a further downward move may follow.
For the time being, Vanguard Extended Market ETF remains flat without a clear direction.
Fundamental indicators – United States Existing Home Sales (Mar) came out at 4.44 million, while a consensus of analysts was expecting 4.5 million.
