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March 02, 2023
Having lost $4.61 over 10 days, Today is looking a bit better: iShares MSCI USA Value Factor ETF slides down from $93.84 to $93.78 today, losing 6 cents (0.06%).
This uncertain state for iShares MSCI USA Value Factor ETF is reflected by published market data as data for United States Initial Jobless Claims published today at 13:30 UTC came out at 190,000, beating projections of 195,000 and showing improvement over the preceding figure of 192,000. United States Crude Oil Inventories released yesterday at 15:30 UTC is better than expected at 1.17 million but down from preceding data of 7.65 million according to new data. United States ISM Manufacturing PMI (Feb) came out at 47.7, while a consensus of analysts was expecting 48.
IShares MSCI USA Value Factor ETF is oscillating around the $93.18 level serving as support. IShares MSCI USA Value Factor ETF made an initial breakout above its 200 day Simple Moving Average at $93.57, a potential indicator of a newly emerging bullish phase. A "hammer” chart pattern. When appearing during a bearish trend, as it is now, it is typically considered to be an indication of a trend reversal. IShares MSCI USA Value Factor ETF's upper Bollinger Band® is at $100.14 and the lower is $92.77.
Overall, looking at the technical analysis landscape, it seems iShares MSCI USA Value Factor ETF might be pointing upward in the short term.
Meanwhile, mixed performances are seen elsewhere as having closed the previous session at $167.35, Salesforce is up 11.85% today to currently trade at around $187.19. Tesla is down $12.7 from the beginning of the session and now trades around $190.07.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States ISM Non-Manufacturing PMI (Feb) scheduled to come out tomorrow at 15:00 UTC.
5 months ago, iShares MSCI USA Value Factor ETF fell to a low of $81.86 but has since recovered 14.63%.
