ICLN added 1.77% to close at $18.94 yesterday

Yesterday at a glance: a bright session dominated by bullish sentiment helped ICLN to close 33 cents higher, while setting a $18.76 to $19 session range.

United States Core PCE Price Index (MoM) (Mar) is next today at 12:30 UTC.

This move comes while some more positive signs for iShares Global Clean Energy ETF are out as data for United States Initial Jobless Claims published yesterday at 12:30 UTC came out at 230,000, beating projections of 248,000 and showing improvement over the preceding figure of 246,000.

Nevertheless, data from United States concerning Pending Home Sales was released yesterday at 14:00 UTC. Newly published figures emphasized continued decline from last month's figure of 0.8% to -5.2% this month. GDP in United States fell short of market expectations (two) with a reading of 1.1, continuing the decline from the previous figure of 2.6.

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. According to asset volatility analysis, iShares Global Clean Energy ETF's lower Bollinger Band® is at $18.79, indicating that the market is oversold and fertile for new buyers. Chart analysis indicates iShares Global Clean Energy ETF could be slowing down soon; it is getting close to the resistance line and is now at $19.05, only 11 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.

With market volatility ebbing, the current technical outlook indicates iShares Global Clean Energy ETF will remain range-bound for the immediate future.

IShares Global Clean Energy ETF shows positive signs, other assets are also on par: Meta Platforms shoots up 13.93% yesterday and closed at $209.4. Comcast is trading around $40.27 after ending yesterday's session at $36.52 (up 10.27% today).

At the same time, AbbVie lost 8% yesterday and closed at $161.8.

Elsewhere, United States Core PCE Price Index (MoM) (Mar) is scheduled for today at 12:30 UTC.

IShares Global Clean Energy ETF has fallen back around 21.18% over the past 8 months, from a notable high of $23.61.