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March 15, 2023
IShares Global Clean Energy ETF is down to $18.89, after ending yesterday at $19.48. Overall, a 3% loss or 58.5 cents today.
IShares Global Clean Energy ETF is currently trading at $18.89 following the release of Crude Oil Inventories data from the United States.
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, Bollinger Bands® shows an indication of recovery: the lower band is at $18.82, a low enough level to, generally, suggest that iShares Global Clean Energy ETF is trading below its fair value.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for iShares Global Clean Energy ETF.
In the meantime, negative performances are also seen in other markets, BP is down $2.41 from the beginning of the session and now trades around $35.84. HSBC Holdings closed at $33.3 (down 5.22%). Exxon Mobil closed at $102.45 (down 4.2%).
Some optimism can drawn from the fact that United States Initial Jobless Claims is projected to outperform its last figure with 205,000, having previously been at 211,000. The figure will be published tomorrow at 12:30 UTC.
Furthermore, United States Philadelphia Fed Manufacturing Index (Mar) is expected tomorrow at 12:30 UTC. United States Building Permits (Feb) is scheduled for tomorrow at 12:30 UTC.
IShares Global Clean Energy ETF reached a significant high of $23.61 around 7 months ago but has lost 17.49% since then.
