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March 17, 2023
A quick look at yesterday: iShares MSCI USA Value Factor ETF soars 1.71% to close at $90.25 yesterday.
With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, iShares MSCI USA Value Factor ETF's lower Bollinger Band® is at $89.35, indicating that the market is oversold and fertile for new buyers.
Overall, the technical outlook suggests iShares MSCI USA Value Factor ETF is likely to remain muted for the immediate future, with no clear-cut direction.
Other markets are also showing gains as Alphabet added 4.68% and closed around $96.55 yesterday. Notably, Microsoft rose 4.05% yesterday and closed at $265.44. Intel rallies 6.23% yesterday and closed at $28.41.
All in all, the fund has been on a negative trend for around a month. IShares MSCI USA Value Factor ETF is now trading 6.85% below its 3-month high of $107.64.
