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March 15, 2023
- IShares Russell Midcap ETF's CCI indicator is below -100
- IShares Russell Midcap ETF's upper Bollinger Band® at $75.38, suggesting a further decline is forthcoming.
With regards to technical trend indicators, chart analysis show that iShares Russell Mid-Cap ETF's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. According to momentum evaluation, the Relative Strength Index indicates iShares Russell Midcap ETF is in oversold condition. Analysis based on the asset volatility indicates that iShares Russell Midcap ETF's lower Bollinger Band® is at $67.18.
For the time being, iShares Russell Midcap ETF remains flat without a clear direction.
Concerning technical analysis and more specifically, trend indicators, Invesco S&P 500® Equal Weight ETF's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Momentum evaluation shows that the Relative Strength Index shows Invesco S&P 500® Equal Weight ETF is in oversold condition. According to asset volatility analysis, Invesco S&P 500® Equal Weight ETF's lower Bollinger Band® is at $139.11, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
For the time being, Invesco S&P 500® Equal Weight ETF remains flat without a clear direction.
Trend-following investors would be interested to note that iShares Core MSCI EAFE ETF's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Asset volatility analysis shows that the lower Bollinger Band® of iShares Core MSCI EAFE ETF is at $63.48.
For the time being, iShares Core MSCI EAFE ETF remains flat without a clear direction.
Upcoming fundamentals: United States Philadelphia Fed Manufacturing Index (Mar) scheduled to come out tomorrow at 12:30 UTC.
