Yesterday at a glance: iShares Global Clean Energy ETF slid down from $18.55 to $18.5, taking a 5 cents loss (0.27%)
United States Core Durable Goods Orders published yesterday at 12:30 UTC came out at -0.2%, falling short of the 0% projections and continuing its decline from the previous 0.3% figure.
Amid the market gloom, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.
IShares Trust – iShares Global Clean Energy ETF's lower Bollinger Band® is at $18.09, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
Technical analysis indicates that iShares Global Clean Energy ETF (currently on a downtrend) might reverse course and start pointing upward in the short term.
Positive performances can be seen by looking at other markets as notably, Costco rose 4.26% yesterday and closed at $486.55. Intel went up by 5.84% yesterday, and closed at $29. Netflix is trading around $378.88 after ending yesterday's session at $359 (up 5.54% today).
Approximately 9 months ago, iShares Global Clean Energy ETF reached a significant high of $23.61 but has struggled to hold onto its gains and declined 21.43% since then.