IShares MSCI USA Value Factor ETF was flat Thursday following three consecutive days of gains

A quick look at Thursday: after ending Wednesday at $92, iShares MSCI USA Value Factor ETF went up to $92.28 only to drop back to its starting point and close at $91.97.

This uncertain state for iShares MSCI USA Value Factor ETF is reflected by published market data as United States Unemployment Rate beat analyst expectations of 3.6 and the previous reading of 3.6 with new data of 3.5. Highly important Non Farm Payrolls data from United States beat analyst expectations of 239,000 with a reading of 236,000. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 226,100, while the previous figure was 181,100.

Technical chart analysis shows iShares MSCI USA Value Factor ETF is approaching key support, around 28 cents away from $91.69. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. Concerning technical analysis and more specifically, trend indicators, iShares MSCI USA Value Factor ETF made an initial breakout above its 5 day Simple Moving Average at $92.26, a potential indicator of a newly emerging bullish phase. Asset volatility analysis shows that iShares MSCI USA Value Factor ETF's upper Bollinger Band® is at $93.42, suggesting that a downward move may follow.

All in all, the technical analysis suggests iShares MSCI USA Value Factor ETF has no clear-cut direction.

While iShares MSCI USA Value Factor ETF was pretty flat Thursday, mixed performances were seen elsewhere as Alphabet is trading around $108.9 after ending Thursday's session at $104.95 (up 3.76% today). Notably, Alibaba rose 4.25% Thursday and closed at $98.55. Microsoft is trading around $291.6 after ending Thursday's session at $284.34 (up 2.55% today).

IShares MSCI USA Value Factor ETF is now trading 12.41% above the significant low ($81.86) it slumped to 6 months ago.