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April 20, 2023
Today at a glance: iShares Global Clean Energy ETF recovered back to $19.76 after dipping down to $19.5, in a session that followed yesterday's $19.78 close value.
IShares Global Clean Energy ETF is currently trading at $19.76 following the release of Existing Home Sales (Mar) data from the United States.
IShares Global Clean Energy ETF's state is reflected by market data as United States Existing Home Sales (Mar) came out at 4.44 million, while a consensus of analysts was expecting 4.5 million. United States Philadelphia Fed Manufacturing Index (Apr) released today at 12:30 UTC with a figure of -31.3, while the previous figure was -23.2. Highly important Initial Jobless Claims data from United States beat analyst expectations of 240,000 with a reading of 245,000.
Concerning technical analysis and more specifically, trend indicators, iShares Trust – iShares Global Clean Energy ETF made an initial breakout above its 10 day Simple Moving Average at $19.57, a potential indicator of a newly emerging bullish phase. Asset volatility analysis shows that iShares Global Clean Energy ETF's upper Bollinger Band® is at $20.14, suggesting that a downward move may follow. Technical analysis shows that iShares Global Clean Energy ETF is approaching key support, around 28 cents away from $19.48. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.
Overall, while iShares Global Clean Energy ETF has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
While iShares Global Clean Energy ETF was pretty flat today, mixed performances were seen elsewhere as AT&T lost 10.41% today and closed at $19.7. Philip Morris International is down to $96.71, losing $4.8, after ending the previous session around $101.51. After ending today's session at $38.6, Verizon lost $1.41 and is trading around $37.19.
The fund has been trending positively for about a month. IShares Global Clean Energy ETF reached a significant high of $23.61 around 8 months ago but has lost 16.22% since then.
