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March 05, 2023
A quick look at Friday: iShares MSCI USA Value Factor ETF closed Friday at $95.61 (with a daily low of $94.62) after ending Thursday at $94.42 and gaining 1.26%.
IShares MSCI USA Value Factor ETF made an initial breakout above its 50 day Simple Moving Average at $94.93, a potential indicator of a newly emerging bullish phase. In contrast, iShares MSCI USA Value Factor ETF is 42 cents away from testing key resistance at $96.03. Peaking above this level could inspire market bulls and open the path to further gains.
Overall, looking at the technical analysis landscape, it seems iShares MSCI USA Value Factor ETF might continue pointing upwards in the short term.
The fund has been trending lower for about 29 days. IShares MSCI USA Value Factor ETF has recovered 15.34% since descending to a significant low of $81.86 around 5 months ago.
