| 
June 25, 2023
- IShares Core MSCI Total International Stock ETF is trending down and might signal a change of direction
- IShares Core MSCI Total International Stock ETF's upper Bollinger Band® is at $63.89 which indicates a further downward move may follow.
A convincing break of this target could pave the way for deeper losses. Despite being in the red so far in the current trading session, iShares MSCI USA Value Factor ETF peaked above its 21 day Simple Moving Average around $91.04 — typically an early indicator of a new bullish trend beginning to emerge.
Overall, looking at the technical analysis landscape, it seems iShares MSCI USA Value Factor ETF —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
A persuasive break of this target could lead to higher losses. Bollinger Bands® shows an indication of recovery: the lower band is at $60.83, a low enough level to, generally, suggest that iShares Core MSCI Total International Stock ETF is trading below its fair value.
Technical analysis indicates that iShares Core MSCI Total International Stock ETF (currently on a downtrend) might reverse course and start pointing upward in the short term.
IShares iBoxx $ High Yield Corporate Bond ETF's lower Bollinger Band® is at $73.93, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Bearish run for iShares iBoxx $ High Yield Corporate Bond ETF is facing a possible turning point at $74.04, which is only 15 cents away. If this support line fails to hold, the next target will be at $73.89. On the other hand, note that price action remains constrained around the key Fibonacci level of $74.1 currently serving as support. If price action breaks below, the next Fib hurdle is $73.98.
Technical analysis shows that iShares iBoxx $ High Yield Corporate Bond ETF (currently on a downtrend) might reverse course and start going up in the short term.
