ICLN closed at $18.77 after gaining 0.54% Friday

A quick look at Friday: iShares Global Clean Energy ETF went up to $18.77 Friday, gaining 0.54%.

Despite posting gains on Friday, iShares Trust – 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. IShares Global Clean Energy ETF's upper Bollinger Band® is at $19.11, this is a slight indication of a slowdown. Although iShares Global Clean Energy ETF is appreciating today after rising as high as $18.9, price action is now slowing and consolidating around 14 cents below the $18.91 resistance level.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest iShares Global Clean Energy ETF is set for a reversal in the coming days.

IShares Global Clean Energy ETF shows positive signs, other assets are also on par: Caterpillar shoots up 8.4% Friday and closed at $209.07. Notably, Toyota rose 3.8% Friday and closed at $140.65.

At the same time, Verizon lost 3.19% Friday and closed at $35.72.

Also worthy of note, United States Services PMI figure is projected at 55.1. It previously stood at 53.6; data will be released tomorrow at 13:45 UTC. United States ISM Non-Manufacturing PMI (May) is expected tomorrow at 14:00 UTC.

The fund has been trending positively for about 30 days. 9 months ago iShares Global Clean Energy ETF reached a significant high of $23.61 but has consequently lost 20.92% since then.