VLUE closed at $95.61 after gaining 1.26% yesterday

A quick look at yesterday: iShares MSCI USA Value Factor ETF went up to $95.61 yesterday, gaining 1.26%.

Meanwhile, United States ISM Non-Manufacturing PMI (Feb) released yesterday at 15:00 UTC with a figure of 55.1, while the previous figure was 55.2. United States CFTC Crude Oil speculative net positions came out at 224,200. Fresh CFTC Gold speculative net positions data from United States came out at 128,800.

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. Despite this, iShares MSCI USA Value Factor ETF could be slowing down soon as it approaches resistance at $96.03. 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 shows positive signs, other assets are also on par: notably, Meta Platforms rose 6.14% yesterday and closed at $174.53. Stryker added 3.6% and closed around $262.09 yesterday. Apple jumps 3.51% yesterday and closed at $145.91.

All in all, the fund has been on a negative trend for around 29 days. IShares MSCI USA Value Factor ETF is up 15.34% from the significant low of $81.86 it hit 5 months ago.