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February 26, 2023
- Industrial Select Sector SPDR Fund is trending down and might signal a change of direction
- IShares MSCI Eurozone ETF's upper Bollinger Band® is at $45.32 which indicates a further downward move may follow.
Trend-following investors would be interested to note that VanEck Vectors Gold Miners ETF's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Momentum evaluation shows that the Relative Strength Index shows VanEck Gold Miners ETF is in oversold condition. According to asset volatility analysis, Bollinger Bands® shows an indication of recovery: the lower band is at $26.2, a low enough level to, generally, suggest that VanEck Gold Miners ETF is trading below its fair value. Technical analysis of VanEck Gold Miners ETF's past price action reveals multiple support and resistance levels: a convincing break of this target could pave the way for deeper losses.
For the time being, VanEck Gold Miners ETF remains flat without a clear direction.
Trend analysis indicates that Industrial Select Sector SPDR Fund's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Asset volatility analysis shows that Industrial Select Sector SPDR Fund's lower Bollinger Band® is now at $99.77. Technical analysis shows that a persuasive break of this target could lead to higher losses.
For the time being, Industrial Select Sector SPDR Fund remains flat without a clear direction.
Concerning technical analysis and more specifically, trend indicators, iShares MSCI Eurozone ETF's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Analysis based on the asset volatility indicates that the lower Bollinger Band® of iShares MSCI Eurozone ETF is at $43.18. IShares MSCI Eurozone ETF's notable support and resistance levels: a convincing break of this target could pave the way for deeper losses.
For the time being, iShares MSCI Eurozone ETF remains flat without a clear direction.
Upcoming fundamentals: United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%. It previously stood at -0.2%; data will be released tomorrow at 13:30 UTC.
