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February 27, 2023
After closing the previous trading day at $94.31, iShares MSCI USA Value Factor ETF is up to $94.54, which makes for a move of 0.24%/22.9 cents today.
- New United States Pending Home Sales improved upon the previous 1.1% figure while also exceeding analyst expectations with a reading of 8.1%.
- In contrast to today's gains, iShares MSCI USA Value Factor ETF has been on a 7 day bearish trend during which it lost $4.14 of its value.
Data for United States Pending Home Sales published today at 15:00 UTC came out at 8.1%, beating projections of 1% and showing improvement over the preceding figure of 1.1%. United States Core Durable Goods Orders came out at 0.7%, better than analyst estimates of 0.1% and improving upon the previous reading of -0.4%.
Trend and momentum analysis indicates that 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. According to asset volatility analysis, iShares MSCI USA Value Factor ETF's lower Bollinger Band® is at $94, indicating that the market is oversold and fertile for new buyers.
All in all, the technical analysis suggests iShares MSCI USA Value Factor ETF has no clear-cut direction.
United States Consumer Confidence is projected to outperform its last figure with 108.5, having previously been at 107.1. The figure will be published tomorrow at 15:00 UTC.
Union Pacific is up 9.45%. After ending Friday's session at $41.75, Pfizer lost 73 cents and is trading around $41.02. Tesla is up 4.15%.
4 months ago, iShares MSCI USA Value Factor ETF fell to a low of $81.86 but has since recovered 15.21%.
