IShares Global Clean Energy ETF recovering almost all the way back to $18.5 today, after dipping down to $18.4.
United States's Consumer Confidence new data released of 102.3 below its previous figure.
On the flip side, positive data for iShares Global Clean Energy ETF released earlier when highly important Consumer Confidence data from United States beat analyst expectations of 99 with a reading of 102.3.
Meanwhile, United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Mar) came out at -1.1, while a consensus of analysts was expecting -1.6.
Despite being in the red so far in the current trading session, iShares Trust – iShares Global Clean Energy ETF peaked above its 21 day Simple Moving Average around $18.63 — typically an early indicator of a new bullish trend beginning to emerge. 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. IShares Global Clean Energy ETF could begin to recover as it approaches significant support, now 4 cents away from $18.39. Dipping below could be an indication that further losses are ahead.
Overall, looking at the technical analysis landscape, it seems iShares Global Clean Energy ETF —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
In the meantime, negative performances are also seen in other markets, Anheuser-Busch is down to $54.55, losing $2.6, after closing at $57.15 in the preceding trading session. Unilever dips 2.84% to trade around $49.89.
Other assets are showing positive performances as having closed the previous session at $110.35, Qualcomm is up 4.59% today to currently trade at around $115.42.
Furthermore, United States JOLTs Job Openings (Apr) will be released tomorrow at 14:00 UTC.
Over the past 9 months, iShares Global Clean Energy ETF has retreated 21.64% from a noteworthy peak of $23.61.