ICLN falls back to $18.96 after shedding 0.32% yesterday

Yesterday at a glance: iShares Global Clean Energy ETF draws back 0.32% to close at $18.96 yesterday.

The MACD index is indicating that momentum is shifting from bullish to bearish following a negative crossover. When the MACD falls below the signal line, it is typically considered to be a bearish development favoring short positions. In contrast, iShares Global Clean Energy ETF's lower Bollinger Band® is at $18.83, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for iShares Global Clean Energy ETF.

Other assets are showing positive performances as Alphabet added 4.68% and closed around $96.55 yesterday. Notably, Microsoft rose 4.05% yesterday and closed at $265.44. Notably, Intel rose 6.23% yesterday and closed at $28.41.

Over the past 7 months, iShares Global Clean Energy ETF has retreated 19.44% from a noteworthy peak of $23.61.