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June 02, 2023
Today at a glance: iShares Global Clean Energy ETF went up to $18.77 today, gaining 0.54%.
IShares Global Clean Energy ETF upside coincides with further encouraging market factors as United States Non Farm Payrolls beat analyst expectations of 180,000 and the previous reading of 294,000 with new data of 339,000.
Nevertheless, highly important Average Hourly Earnings data from United States beat analyst expectations of 0.4% with a reading of 0.3%. Unemployment Rate in United States fell short of market expectations (3.5) with a reading of 3.7, continuing the decline from the previous figure of 3.4.
IShares Trust – iShares Global Clean Energy ETF could be slowing down soon as it approaches resistance at $19.02. Of course, crossing it might suggest further gains are ahead. Despite posting gains on today, iShares Global Clean Energy ETF slid below its 21 day Simple Moving Average at $18.63 during the last session — an early indicator that a negative trend could be emerging. Bollinger Band® analysis indicates that current price action is approaching the upper band at $19.11, thereby suggesting that iShares Global Clean Energy ETF is becoming overvalued.
Technical analysis suggests there could be an imminent reversal for iShares Global Clean Energy ETF.
IShares Global Clean Energy ETF shows positive signs, other assets are also on par: Caterpillar shoots up 8.35% today and closed at $209.07. Notably, Toyota rose 3.78% today and closed at $140.65.
Meanwhile, after ending today's session at $35.72, Verizon lost $1.14 and is trading around $34.58.
Trading mostly sideways for 30 days. Having soared to a high of $23.61 approximately 9 months ago, iShares Global Clean Energy ETF is now trading 20.92% lower.
