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March 14, 2023
Yesterday at a glance: after ending Friday at $19.17, iShares Global Clean Energy ETF went up to $19.52 only to drop back, yet still traded well overall and closed at $19.27 yesterday.
At the same time, United States Participation Rate (Feb) released yesterday at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
IShares Trust – iShares Global Clean Energy ETF made an initial breakout above its 3 day Simple Moving Average at $19.46, a potential indicator of a newly emerging bullish phase. IShares Global Clean Energy ETF is currently trading around the $19.38 Fibonacci resistance level. IShares Global Clean Energy ETF's lower Bollinger Band® is at $18.89, indicating that the market is oversold and fertile for new buyers. Despite this, although iShares Global Clean Energy ETF is appreciating today after rising as high as $19.52, price action is now slowing and consolidating around 29 cents below the $19.56 resistance level.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts iShares Global Clean Energy ETF to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the iShares Global Clean Energy ETF is expected to pick up significant bullish sentiment in the coming days.
Meanwhile, Wells Fargo & Company is down to $38.41, losing $2.95, after ending the previous session around $41.36. After ending yesterday's session at $30.27, Bank of America lost $1.76 and is trading around $28.51. American Express is down to $157.63, losing $8.07, after ending the previous session around $165.7.
Furthermore, the market is looking at projections for United States Retail Sales are set for a continuation of decline with -0.3% while previous data was 3%; data will be released tomorrow at 12:30 UTC. Tomorrow at 12:30 UTC data for United States Core Retail Sales will be released, with an expected decline to -0.1% from the preceding figure of 2.3%. Tomorrow at 12:30 UTC data for United States Producer Price Index will be released, with an expected decline to 0.3% from the preceding figure of 0.7%.
7 months ago iShares Global Clean Energy ETF reached a significant high of $23.61 but has consequently lost 18.81% since then.
