A quick look at yesterday: 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 today at 13:30 UTC.
With regards to technical trend indicators, chart analysis show that iShares Trust – 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. IShares Global Clean Energy ETF's notable support and resistance levels: iShares Global Clean Energy ETF is approaching key support, around 41 cents away from $19.39. 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 yesterday, mixed performances were seen elsewhere as Medtronic surges 4.62% yesterday and closed at $85.73. AT&T drops 3.79% yesterday and closed at $18.22. Exxon Mobil went up by 1.89% yesterday, and closed at $118.2.
Data to be released today might clear up some of the market fog as 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. It previously stood at -4.58 million; data will be released tomorrow at 14:30 UTC. United States Building Permits is expected today at 13:30 UTC.
The fund has been trending positively for about a month. Having soared to a high of $23.61 approximately 8 months ago, iShares Global Clean Energy ETF is now trading 16.14% lower.