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February 24, 2023
IShares MSCI USA Value Factor ETF is down to $93.86, after ending yesterday at $95.13. Overall, a 1.34% loss or $1.27 today.
IShares MSCI USA Value Factor ETF is currently trading at $93.86 following the release of New Home Sales (Jan) data from the United States.
On the flip side, highly important Crude Oil Inventories data from United States beat analyst expectations of 2 million with a reading of 7.65 million.
Meanwhile, United States New Home Sales (Jan) came out at 670,000, while a consensus of analysts was expecting 620,000. United States Core PCE Price Index (MoM) (Jan) released today at 13:30 UTC with a figure of 0.6, while the previous figure was 0.4.
The Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. IShares MSCI USA Value Factor ETF has just crossed the lower Bollinger Band® at $94.25, indicating further losses could be forthcoming.
Looking forward, iShares MSCI USA Value Factor ETF is poised to extend its strong downtrend and continue declining.
In the meantime, negative performances are also seen in other markets, Adobe closed at $320.11 (down 7.76%). Boeing is trading around $198.67 (down $9.46). Alibaba is down $3.95 from the beginning of the session and now trades around $90.21.
IShares MSCI USA Value Factor ETF hit a significant low of $81.86 around 4 months ago, but has since recovered 16.21%.
