ISHARES GLOBAL CLEAN ENERGY (ICLN) Stock Technical Analysis
NASDAQ:ICLN - Nasdaq - US4642882249 - ETF - Currency: USD
We assign a technical rating of 5 out of 10 to ICLN. In the past year, ICLN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ICLN is a bad performer in the overall market: 61% of all stocks are doing better.
ICLN is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ICLN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ICLN has an average volume of 2091860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ICLN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 11.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.82, a Stop Loss order could be placed below this zone.
More info and screens
10.97
15.12
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.44 to 11.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.08 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 11.85 to 11.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.13 from a trend line in the weekly time frame.
- Resistance @14.97 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.17
Mansfield-0.82
10 Day High11.98
10 Day Low11.39
20 Day High11.98
20 Day Low10.46
52 Week High15.25
52 Week Low10.46
Performance
1 Week-0.08%
2 Weeks2.78%
1 Month1.28%
3 Month4.13%
6 Month-9.96%
12 Month-14.51%
2 Year-35.44%
3 Year-40.44%
5 Year-0.67%
10 Year-2.55%
15 Year-22.16%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)57.51
LBB11.24
UBB12.06
11.84
+0.1 (+0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.85%
1 Week-0.08%
2 Weeks2.78%
1 Month1.28%
3 Month4.13%
6 Month-9.96%
12 Month-14.51%
2 Year-35.44%
3 Year-40.44%
5 Year-0.67%
10 Year-2.55%
15 Year-22.16%
Volatility
ATR(14)0.19
ATR(20)%2.49%
ATR Inc-36.16%
Range Today0.1
ADR(20)0.25
ADR(20)%2.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.17
Mansfield-0.82
10 Day High11.98
10 Day Low11.39
20 Day High11.98
20 Day Low10.46
52 Week High15.25
52 Week Low10.46
CS1 End11.82
CR1 Start11.85
Volume & EV
DER(3)-5.77%
DER(5)-6.37%
Volume1.50M
Volume Incr-36.65%
Vol(5)1.47M
Vol(50)2.09M