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April 23, 2023
Friday at a glance: after ending Thursday at $19.76, iShares Global Clean Energy ETF went up to $19.91 only to drop back to its starting point and close at $19.8.
Technical analysis shows that iShares Trust – iShares Global Clean Energy ETF is oscillating around the $19.64 level serving as support. Concerning technical analysis and more specifically, trend indicators, iShares Global Clean Energy ETF made an initial breakout above its 5 day Simple Moving Average at $19.79, a potential indicator of a newly emerging bullish phase. IShares Global Clean Energy ETF formed a session range of $19.62 to $19.91 leaving buyers and sellers highly concentrated around an active Fibonacci support level of $19.68. Asset volatility analysis shows that iShares Global Clean Energy ETF's upper Bollinger Band® is at $20.16, suggesting that a downward move may follow.
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 Friday, mixed performances were seen elsewhere as Procter & Gamble went up by 3.46% Friday, and closed at $156.07. Novo Nordisk is trading around $172.65 after ending Friday's session at $165.37 (up 4.4% today). SAP is trading around $133.95 after ending Friday's session at $126.86 (up 5.59% today).
The fund has been trending positively for about a month. IShares Global Clean Energy ETF has fallen back around 16.31% from the significant high of $23.61 set 8 months ago.
