| 
May 29, 2023
Friday at a glance: iShares Global Clean Energy ETF slid down from $18.55 to $18.5, taking a 5 cents loss (0.27%)
IShares Trust – iShares Global Clean Energy ETF could begin to recover as it approaches significant support, now 11 cents away from $18.39. Dipping below could be an indication that further losses are ahead. Bollinger Bands® shows an indication of recovery: the lower band is at $18.09, a low enough level to, generally, suggest that iShares Global Clean Energy ETF is trading below its fair value.
Technical analysis shows that iShares Global Clean Energy ETF (currently on a downtrend) might reverse course and start going up in the short term.
Positive performances can be seen by looking at other markets as Costco jumps 4.26% Friday and closed at $486.55. Intel went up by 5.84% Friday, and closed at $29. Netflix added 5.54% and closed around $359 Friday.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Consumer Confidence expected to decline to 99 while its preceding data was 101.3, data will be available tomorrow at 14:00 UTC.
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.
