iShares S&P Global Clean Energy Index ETF Forecast
Red day on Thursday for iShares S&P Global Clean Energy Index ETF after losing 0.457%
(Updated on Apr 25, 2024)
The iShares S&P Global Clean Energy Index ETF price fell by -0.457% on the last day (Thursday, 25th Apr 2024) from $13.14 to $13.08. During the last trading day the ETF fluctuated 1.84% from a day low at $12.86 to a day high of $13.10. The price has fallen in 7 of the last 10 days and is down by -5.76% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -338 thousand shares and in total, 3 million shares were bought and sold for approximately $40.72 million.
The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.96 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -6.13% during the next 3 months and, with a 90% probability hold a price between $12.17 and $13.16 at the end of this 3-month period.
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ICLN Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.461%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares S&P Global Clean Energy Index ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $13.13 and $13.63. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for iShares S&P Global Clean Energy Index ETF
iShares S&P Global Clean Energy Index finds support from accumulated volume at $13.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.237 between high and low, or 1.84%. For the last week, the ETF has had daily average volatility of 1.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ICLN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect iShares S&P Global Clean Energy Index Fund to open at $13.01, and during the day (based on 14 day Average True Range), to move between $12.79 and $13.37, which gives a possible trading interval of +/-$0.285 (+/-2.18%) up or down from last closing price. If iShares S&P Global Clean Energy Index Fund takes out the full calculated possible swing range there will be an estimated 4.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.06 (0.15%) than the resistance at $13.81 (5.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is iShares S&P Global Clean Energy Index Fund ETF A Buy?
iShares S&P Global Clean Energy Index holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.260 Sell Candidate Unchanged
Predicted Opening Price for iShares S&P Global Clean Energy Index Fund of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $13.01 ( 0.518%) | $13.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICLN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.25 | 1.29 % | |
| R2 | 13.16 | 0.599 % | ||
| R1 | 13.10 | 0.173 % | ||
| Current price: | 13.08 | |||
| Support | S1 | 12.92 | -1.21 % | |
| S2 | 12.87 | -1.64 % | ||
| S3 | 12.78 | -2.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.91 | 6.35 % | |
| R2 | 13.83 | 5.73 % | ||
| R1 | 13.81 | 5.58 % | ||
| Current price | 13.08 | |||
| Support | S1 | 13.06 | -0.153% | |
| S2 | 13.02 | -0.459% | ||
| S3 | 0 | . |
ICLN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.123 | 0.785% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.125 | 0.668% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.0360 | 0.178% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.140 | 0.750% |
| 5 | Dec 29, 2021 | Dec 30, 2021 | Jan 05, 2022 | $0.0120 | 0.0599% |
FAQ
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