ICLN closed at $18.76 after losing 0.58% Friday

Friday at a glance: a tough session dominated by bearish sentiment left ICLN 11 cents lower, while setting a $18.66 to $19 session range.

IShares Trust – iShares Global Clean Energy ETF made an initial break below its 50 day Simple Moving Average at $18.91, a possible indication of a forthcoming negative trend. IShares Global Clean Energy ETF's upper Bollinger Band® is at $18.9 which indicates a further downward move may follow. In contrast, iShares Global Clean Energy ETF could begin to recover as it approaches significant support, now 15 cents away from $18.61. Dipping below could be an indication that further losses are ahead.

Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for iShares Global Clean Energy ETF.

In the meantime, negative performances are also seen in other markets, Toyota dips 2.28% Friday and closed at $168.18. Walt Disney is down to $91.32, losing $1.62, after ending the previous session around $92.94.

Positive performances can be seen by looking at other markets as Bristol-Myers Squibb Company added 2.3% and closed around $64.67 Friday.

Trading mostly sideways for a month. Having set a significant high of $23.61 10 months ago, iShares Global Clean Energy ETF is trading 20.08% lower.