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June 30, 2023
After closing the previous trading day at $17.95, iShares Global Clean Energy ETF rose as high as $18.41 today before paring back gains and trading at $18.39.
On the flip side, Pending Home Sales in United States fell short of market expectations (-0.5%) with a reading of -2.7%, continuing the decline from the previous figure of -0.4%.
Meanwhile, United States Core PCE Price Index (YoY) (May) released today at 12:30 UTC with a figure of 4.6, while the previous figure was 4.7. United States Core PCE Price Index (MoM) (May) came out at 0.3, while a consensus of analysts was expecting 0.3.
IShares Trust – iShares Global Clean Energy ETF made an initial breakout above its 10 day Simple Moving Average at $18.19, a potential indicator of a newly emerging bullish phase. On the other hand, note that iShares Global Clean Energy ETF broke through the $18.23 resistance and climbed 16 cents above it.
Overall, looking at the technical analysis landscape, it seems iShares Global Clean Energy ETF might continue pointing upwards in the short term.
IShares Global Clean Energy ETF shows positive signs, other assets are also on par: Novo Nordisk jumps 2.92% to trade around $161.61. Walmart is up 1.94% to $157.27.
Meanwhile, after ending yesterday's session at $113.37, Nike lost $3.07 and is trading around $110.3.
The fund has been trending lower for about a month. 10 months ago iShares Global Clean Energy ETF reached a significant high of $23.61 but has consequently lost 23.97% since then.
