ICLN closed at $18.71 after losing 1.21% Friday

Friday at a glance: a tough session dominated by bearish sentiment left ICLN 23 cents lower, while setting a $18.39 to $18.72 session range.

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. Asset volatility analysis shows that iShares Global Clean Energy ETF's lower Bollinger Band® is at $18.62, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Chart analysis indicates although iShares Global Clean Energy ETF is pointing down today (was as low as $18.39), it's climbing away from the $18.27 support line and is now 44 cents above it.

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

In the meantime, negative performances are also seen in other markets, Sanofi lost 4.35% Friday and closed at $56.09. Sony Group Corporation lost 5.7% Friday and closed at $95.09.

Other assets are showing positive performances as Mondelez International went up by 3.93% Friday, and closed at $76.72.

Furthermore, United States ISM Manufacturing PMI (Apr) is scheduled for tomorrow at 14:00 UTC.

IShares Global Clean Energy ETF is now trading 19.78% below the significant high of $23.61 it set around 8 months ago.