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June 30, 2023
IShares MSCI USA Value Factor ETF trades at $94.04 after gaining 84 cents (0.9%).
On the flip side, United States Pending Home Sales published yesterday at 14:00 UTC came out at -2.7%, falling short of the -0.5% projections and continuing its decline from the previous -0.4% figure.
Meanwhile, United States Core PCE Price Index (YoY) (May) came out at 4.6, while a consensus of analysts was expecting 4.7. United States Core PCE Price Index (MoM) (May) released today at 12:30 UTC with a figure of 0.3, while the previous figure was 0.4.
The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions. Despite this, iShares MSCI USA Value Factor ETF could be slowing down soon as it approaches resistance at $94.33. Of course, crossing it might suggest further gains are ahead. IShares MSCI USA Value Factor ETF's upper Bollinger Band® is at $94.67, this is a slight indication of a slowdown.
According to technical analysis, it looks as if iShares MSCI USA Value Factor ETF likely to continue pointing upward in the short term.
IShares MSCI USA Value Factor ETF shows positive signs, other assets are also on par: Novo Nordisk rallies 3.02% to trade around $161.78. Having closed the previous session at $154.28, Walmart is up 1.92% today to currently trade at around $157.24. Having closed the previous session at $149.38, Procter & Gamble is up 1.66% today to currently trade at around $151.86.
Approximately 4 months ago, iShares MSCI USA Value Factor ETF reached a significant high of $99.54 but has struggled to hold onto its gains and declined 6.37% since then.
