For its latest trading sesion, iShares ESG MSCI EM ETF (NASDAQ:ESGE) dropped by -1.5% – here is what that looked like (as of 2020-01-06):
What is the cause of all this?? To understand this better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.007, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.193, an Accumulation/Distribution Index (ADI) of 0.193, an On-Balance Volume (OBV) of 582.016, and a Chaiikin Money Flow (CMF) of 36.541. 15.153
Now let’s take all these indicators into account. Consulting Trading View, we can conclude the following:
That is what an analysis of technical indicators seems to indicate for iShares ESG MSCI EM ETF (NASDAQ:ESGE). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.