Bullish iShares Global Clean Energy ETF currently 31.48 cents higher after trading as low as $19.05

After closing the previous trading day at $18.93, iShares Global Clean Energy ETF is up to $19.24, which makes for a move of 1.66%/31.48 cents today.

New United States Pending Home Sales improved upon the previous 1.1% figure while also exceeding analyst expectations with a reading of 8.1%.

IShares Global Clean Energy ETF upside coincides with further encouraging market factors as data for United States Pending Home Sales published today at 15:00 UTC came out at 8.1%, beating projections of 1% and showing improvement over the preceding figure of 1.1%. Data for United States Core Durable Goods Orders published today at 13:30 UTC came out at 0.7%, beating projections of 0.1% and showing improvement over the preceding figure of -0.4%.

At the same time, following a previous reading of 5.1%, Core Durable Goods Orders in United States released today at 13:30 UTC fell short of the -4% figure expected by analysts with an actual reading of -4.5%.

Trend-following investors would be interested to note 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. Asset volatility analysis shows that iShares Global Clean Energy ETF's lower Bollinger Band® is at $18.8, indicating that the market is oversold and fertile for new buyers.

Overall, the technical outlook suggests iShares Global Clean Energy ETF is likely to remain muted for the immediate future, with no clear-cut direction.

IShares Global Clean Energy ETF shows positive signs, other assets are also on par: Union Pacific added 9.45% to its value, now trading at $210.93. Tesla is up 4.15%.

Meanwhile, Pfizer is trading around $41.02 (down 73 cents).

Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Consumer Confidence is projected to outperform its last figure with 108.5, having previously been at 107.1. The figure will be published tomorrow at 15:00 UTC.

All in all, the fund has been on a negative trend for around a month. IShares Global Clean Energy ETF reached a significant high of $23.61 around 6 months ago but has lost 19.82% since then.