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June 09, 2023
- IShares National Muni Bond ETF bearish trend is facing a possible turning point at $106.19
- ProShares UltraShort MSCI Brazil Capped's upper Bollinger Band® is at $18.18 which indicates a further downward move may follow.
Around $138.29, iShares MSCI USA Momentum Factor ETF can look to establish a new bullish phase beyond its 21 day Simple Moving Average. IShares MSCI USA Momentum Factor ETF's lower Bollinger Band® is now at $135.45. IShares MSCI USA Momentum Factor ETF's run now faces a challenge at $136.67, which is only $1.25 away and will be interesting to follow.
Despite muted price action in iShares MSCI USA Momentum Factor ETF, chart analysis indicates it is positioned for a bullish run in the short term.
Around $106.26, iShares National Muni Bond ETF can look to establish a new bullish phase beyond its 21 day Simple Moving Average. Bearish run for iShares National Muni Bond ETF is facing a possible turning point at $106.19, which is only 8 cents away. If this support line fails to hold, the next target will be at $105.96.
Overall, looking at the technical analysis landscape, it seems iShares National Muni Bond ETF might start pointing upward in the short term.
A study of ProShares UltraShort MSCI Brazil Capped's chart reveals various key levels to watch: ProShares UltraShort MSCI Brazil Capped fell below the $14.33 support zone and receded 26 cents beyond it. Technical analysis trend indicators suggest that ProShares UltraShort MSCI Brazil Capped's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Momentum evaluation shows that ProShares UltraShort MSCI Brazil Capped's Relative Strength Index has gone below 30, entering oversold conditions. Analysis based on the asset volatility indicates that the lower Bollinger Band® of ProShares UltraShort MSCI Brazil Capped is at $14.31.
For the time being, ProShares UltraShort MSCI Brazil Capped remains flat without a clear direction.
Fundamental indicators – United States Initial Jobless Claims published yesterday at 12:30 UTC came out at 261,000, falling short of the 235,000 projections and continuing its decline from the previous 233,000 figure.
