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May 15, 2023
Friday at a glance: iShares Global Clean Energy ETF went up to $19.07 Friday, gaining 3.08%.
At the same time, United States NY Empire State Manufacturing Index (May) came out at -31.8, while a consensus of analysts was expecting -3.7.
IShares Trust – iShares Global Clean Energy ETF made an initial breakout above its 50 day Simple Moving Average at $19.16, a potential indicator of a newly emerging bullish phase. In contrast, iShares Global Clean Energy ETF reversed direction at $19.34 resistance zone and retreated back 27 cents below it.
Overall, looking at the technical analysis landscape, it seems iShares Global Clean Energy ETF might continue pointing upwards in the short term.
Other markets are also showing gains as notably, NextEra Energy rose 2.44% Friday and closed at $76.1.
Meanwhile, Diageo lost 2.58% Friday and closed at $182.94. Alibaba is down to $85.34, losing $2.55, after ending the previous session around $87.89.
Friday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Retail Sales is projected to outperform its last figure with 0.7%. It previously stood at -0.6%; data will be released tomorrow at 12:30 UTC. United States Core Retail Sales is projected to outperform its last figure with 0.4%. It previously stood at -0.4%; data will be released tomorrow at 12:30 UTC.
Having set a significant high of $23.61 9 months ago, iShares Global Clean Energy ETF is trading 21.64% lower.
