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July 03, 2023
Today at a glance: iShares MSCI USA Value Factor ETF went up to $94.48 today, gaining 0.74%.
IShares MSCI USA Value Factor ETF is currently trading at $94.48 following the release of ISM Manufacturing PMI (Jun) data from the United States.
Meanwhile, United States ISM Manufacturing PMI (Jun) came out at 46, while a consensus of analysts was expecting 47.2. United States ISM Manufacturing Employment (Jun) released today at 14:00 UTC with a figure of 48.1, while the previous figure was 51.4. United States ISM Manufacturing Prices (Jun) came out at 41.8.
Technical chart analysis shows iShares MSCI USA Value Factor ETF broke through the $94.11 resistance, climbing 37 cents above it. Concerning technical analysis and more specifically, trend indicators, investors are seeking long positions as iShares MSCI USA Value Factor ETF price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Price action remains constrained around the key Fibonacci level of $94.13 currently serving as resistance According to asset volatility analysis, iShares MSCI USA Value Factor ETF's upper Bollinger Band® is at $94.84, this is a slight indication of a slowdown.
Notwithstanding iShares MSCI USA Value Factor ETF's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Other markets are also showing gains as Tesla went up by 6.9% today, and closed at $279.82. United Parcel Service soars 2.52% today and closed at $179.25.
At the same time, after ending today's session at $71.57, Astrazeneca PLC lost $6.32 and is trading around $65.25.
IShares MSCI USA Value Factor ETF hit a significant low of $81.86 around 9 months ago, but has since recovered 14.57%.
