VLUE closed at $89.86 after gaining 2% Friday

Friday at a glance: iShares MSCI USA Value Factor ETF closed Friday at $89.86 (with a daily low of $89.04) after ending Thursday at $88.11 and gaining 2%.

IShares MSCI USA Value Factor ETF made an initial breakout above its 5 day Simple Moving Average at $90.04, a potential indicator of a newly emerging bullish phase. Despite this, iShares MSCI USA Value Factor ETF could be slowing down soon as it approaches resistance at $90.3. Of course, crossing it might suggest further gains are ahead.

Overall, looking at the technical analysis landscape, it seems iShares MSCI USA Value Factor ETF might continue pointing upwards in the short term.

IShares MSCI USA Value Factor ETF is now trading 8.52% below its 3-month high of $103.