IShares MSCI USA Value Factor ETF continued its four days losing streak, dropping by 15 cents, closing at $91.62

Friday at a glance: iShares MSCI USA Value Factor ETF dipped as low as $91.16 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session ($91.85) with iShares MSCI USA Value Factor ETF closing the day at $91.62.

The MACD index is indicating that momentum is shifting from bullish to bearish following a negative crossover. When the MACD falls below the signal line, it is typically considered to be a bearish development favoring short positions. IShares MSCI USA Value Factor ETF is currently flirting with an active Fibonacci support level around $91.51. Despite this, iShares MSCI USA Value Factor ETF could begin to recover as it approaches significant support, now 38 cents away from $91.24. Dipping below could be an indication that further losses are ahead.

In the short term, iShares MSCI USA Value Factor ETF is expected to maintain its recent downtrend and continue spiralling lower.

Other assets are showing positive performances as Procter & Gamble jumps 3.46% Friday and closed at $150.85. Novo Nordisk leaps up 4.4% Friday and closed at $165.37. SAP leaps up 5.59% Friday and closed at $126.86.

The fund has been trending positively for about 29 days. IShares MSCI USA Value Factor ETF hit a significant low of $81.86 around 6 months ago, but has since recovered 12.11%.