- IShares MSCI USA Value Factor ETF bearish trend is facing a possible turning point at $91.24
- Upper Bollinger Band® currently at $36.39
IShares MSCI USA Value Factor ETF's bullish momentum is stalling and could turn negative in the short-term after the MACD crossed below its signal line — typically considered to be an early indicator of forthcoming bearish momentum. IShares MSCI USA Value Factor ETF is hovering around the $91.51 Fibonacci support level. On the other hand, note that a convincing break of this target could pave the way for deeper losses.
Several technical indicators are adding weight to the bearish momentum seen Friday and forecasting iShares MSCI USA Value Factor ETF to extend its recent losses.
Trend-focused traders would be interested to note that around $35.71, Schwab International Equity ETF can look to establish a new bullish phase beyond its 5 day Simple Moving Average. According to asset volatility analysis, Schwab International Equity ETF's upper Bollinger Band® is now at $36.39. Schwab International Equity ETF's notable support and resistance levels: Schwab International Equity ETF's run now faces a challenge at $35.92, which is only 10 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
For the time being, Schwab International Equity ETF remains flat without a clear direction.
Technical analysis of Communication Services Select Sector SPDR Fund's past price action reveals multiple support and resistance levels: Communication Services Select Sector SPDR Fund is trending down and heading towards $57.34, which is only 34 cents away now. Hitting this support line might signal a change of direction.
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