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March 20, 2023
- IShares Russell 2000 Value ETF's CCI indicator is below -100
- IShares Russell 2000 Value ETF's upper Bollinger Band® is at $158.23 which indicates a further downward move may follow.
With regards to technical trend indicators, chart analysis show that iShares Russell 2000 Value ETF's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. According to momentum evaluation, the Relative Strength Index shows iShares Russell 2000 Value ETF is in strong oversold condition. Analysis based on the asset volatility indicates that Bollinger Bands® shows an indication of recovery: the lower band is at $135.69, a low enough level to, generally, suggest that iShares Russell 2000 Value ETF is trading below its fair value.
For the time being, iShares Russell 2000 Value ETF remains flat without a clear direction.
Technical analysis trend indicators suggest that Schwab U.S. TIPS ETF's CCI indicator is above +100. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $52.8, thereby suggesting that Schwab U.S. TIPS ETF is becoming overvalued.
For the time being, Schwab U.S. TIPS ETF remains flat without a clear direction.
Trend-following investors would be interested to note that Vanguard Small Cap Value ETF's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Momentum evaluation shows that the Relative Strength Index indicates Vanguard Small Cap Value ETF is in strong oversold condition. Analysis based on the asset volatility indicates that Vanguard Small Cap Value ETF's lower Bollinger Band® is at $155.52.
For the time being, Vanguard Small Cap Value ETF remains flat without a clear direction.
