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March 07, 2023
IShares Global Clean Energy ETF is down to $19.8, after ending yesterday at $19.95. Overall, a 0.75% loss or 14.96 cents today.
- United States EIA Short-Term Energy Outlook is next today at 17:00 UTC.
- Today's fall comes after a 7 day uptrend, during which iShares Global Clean Energy ETF added 4.6% to its value
Earlier data releases related to iShares Global Clean Energy ETF – data for United States Factory Orders released yesterday at 15:00 UTC is better than expected with -1.6%, but worse than previous figure of 1.7%.
Technical analysis of iShares Global Clean Energy ETF before macro data is released:
IShares Trust – iShares Global Clean Energy ETF's upper Bollinger Band® is at $20.29 which indicates a further downward move may follow.
Following today's unexpected losses, extensive multifactorial technical analysis forecasts iShares Global Clean Energy ETF to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the iShares Global Clean Energy ETF is expected to attract significant bearish sentiment in the coming days.
Coming up for iShares Global Clean Energy ETF — United States Crude Oil Inventories projected to come out at -308,000 — worse than previous data of 1.17 million; data will be released tomorrow at 15:30 UTC. United States ADP Nonfarm Employment Change (Feb) scheduled to come out tomorrow at 13:15 UTC.
As the markets get ready for more data to be released — Wells Fargo & Company closed at $44.78 (down 3.97%). Pfizer closed at $40.23 (down 2.13%). After ending yesterday's session at $82.97, CVS Health lost $2.31 and is trading around $80.66.
Over the past 6 months, iShares Global Clean Energy ETF has retreated 15.5% from a noteworthy peak of $23.61.
