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April 25, 2023
IShares Global Clean Energy ETF recovered back to $19.8 after dipping down to $19.49, in a session that followed Friday's $19.8 close value.
- United States Building Permits is next.
- While flat yesterday, iShares Global Clean Energy ETF is on a 13 day bullish trend, gaining a total of 62 cents throughout.
Here is the technical analysis of iShares Global Clean Energy ETF before macro data is released:
Chart analysis indicates iShares Trust – iShares Global Clean Energy ETF is climbing away and is now 41 cents from the $19.39 support line. Trend analysis indicates that iShares Global Clean Energy ETF made an initial breakout above its 10 day Simple Moving Average at $19.68, a potential indicator of a newly emerging bullish phase. Fibonacci-minded traders witnessed a key Fib level of $19.54 holding firm – an indicator of highly concentrated demand around this level. Asset volatility analysis shows that iShares Global Clean Energy ETF's upper Bollinger Band® is at $20.13, suggesting that a downward move may follow.
Notwithstanding iShares Global Clean Energy ETF's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Coming up for iShares Global Clean Energy ETF — tomorrow at 12:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to -0.2% from the preceding figure of -0.1%. United States Crude Oil Inventories is projected to outperform its last figure with -1.67 million, having previously been at -4.58 million. The figure will be published tomorrow at 14:30 UTC.
As the markets get ready for more data to be released — Medtronic added 4.62% and closed around $85.73 yesterday. AT&T dips 3.79% yesterday and closed at $18.22. Exxon Mobil is trading around $118.2 after ending yesterday's session at $116 (up 1.89% today).
The fund has been trending positively for about a month. IShares Global Clean Energy ETF has fallen back around 16.14% over the past 8 months, from a notable high of $23.61.
