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April 25, 2023
IShares MSCI USA Value Factor ETF recovered back to $91.65 after dipping down to $91.28, in a session that followed Friday's $91.62 close value.
- United States Building Permits is next.
- While mostly sideways today, iShares MSCI USA Value Factor ETF is on a 5 day bearish trend during which it lost $1.96.
Here is the technical analysis of iShares MSCI USA Value Factor ETF before macro data is released:
IShares MSCI USA Value Factor ETF is approaching key support, around 56 cents away from $91.09. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. IShares MSCI USA Value Factor ETF's upper Bollinger Band® is at $94.33 and the lower is $90.21.
Despite muted price action in iShares MSCI USA Value Factor ETF, chart analysis indicates it is positioned for a bullish run in the short term.
Coming up for iShares MSCI USA Value Factor ETF — tomorrow at 12:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to -0.2% from the preceding figure of -0.1%. United States Crude Oil Inventories is projected to outperform its last figure with -1.67 million. It previously stood at -4.58 million; data will be released tomorrow at 14:30 UTC.
As the markets get ready for more data to be released — Medtronic went up by 4.62% yesterday, and closed at $89.69. AT&T is down to $17.53, losing 69 cents, after ending the previous session around $18.22. Exxon Mobil is trading around $118.2 after ending yesterday's session at $116 (up 1.89% today).
The fund has been trending positively for about a month. After hitting an important low of $81.86 approximately 6 months ago, iShares MSCI USA Value Factor ETF has bounced back 11.92% since.
