VLUE closed at $90.46 after losing 1.47% Friday

A quick look at Friday: iShares MSCI USA Value Factor ETF slid into the red after losing $1.35 and ending the session at $90.46.

Trend analysis indicates 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. Price action remains constrained around the key Fibonacci level of $91.29 currently serving as support. If price action breaks below, the next Fib hurdle is $89.82. According to asset volatility analysis, iShares MSCI USA Value Factor ETF's lower Bollinger Band® is at $90.23, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Technical analysis shows that iShares MSCI USA Value Factor ETF could begin to recover as it approaches significant support, now 98 cents away from $89.48. Dipping below could be an indication that further losses are ahead.

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.

In the meantime, negative performances are also seen in other markets, The Charles Schwab is down to $58.7, losing $7.77, after ending the previous session around $66.47. Caterpillar is down to $227, losing $13.96, after ending the previous session around $240.96. After ending Friday's session at $421.42, Deere & Company lost $25.49 and is trading around $395.93.

All in all, the fund has been on a negative trend for around a month. IShares MSCI USA Value Factor ETF has recovered 12.15% since descending to a significant low of $81.86 around 5 months ago.