ISHARES GLOBAL CLEAN ENERGY (ICLN) Stock Technical Analysis
NASDAQ:ICLN - US4642882249 - ETF
14.67 USD
+0.49 (+3.46%)
14.65 USD
-0.02 (-0.14%)
Taking everything into account, ICLN scores 8 out of 10 in our technical rating. Although ICLN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
ICLN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ICLN is lagging the market slightly.
ICLN has an average volume of 3347650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ICLN outperforms 60% of them, which is more or less in line with the market.
In the last month ICLN has a been trading in the 13.36 - 15.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ICLN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.85
14.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 13.86 to 14.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.37 to 13.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.97 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ICLN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ICLN is up. |
| ChartMill Relative Strength | 60.75 | NEUTRAL | ICLN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ICLN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ICLN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ICLN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.97 | NEUTRAL | The RSI value for ICLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ICLN has a positive trend. |
| Stochastics (14,3) | 53.33 | NEUTRAL | The Stochastics value for ICLN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for ICLN suggests low volalility. |
| Average Directional Index/ADX (14) | 25.54 | POSITIVE | The high ADX value value for ICLN suggests a strong trend. |
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)
14.67
+0.49 (+3.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.46%
1 Week4.04%
2 Weeks7.16%
1 Month5.01%
3 Month16.89%
6 Month29.14%
12 Month1.52%
2 Year-8.77%
3 Year-33.86%
5 Year-14.41%
10 Year55.4%
15 Year-5.54%
Volatility
ATR(14)0.33
ATR(20)%1.96%
ATR Inc24.32%
Range Today0.45
ADR(20)0.24
ADR(20)%1.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.75
Mansfield0.62
10 Day High15.22
10 Day Low13.51
20 Day High15.22
20 Day Low13.36
52 Week High15.22
52 Week Low10.46
CS1 End14.09
CR1 StartN/A
Volume & EV
DER(3)8.98%
DER(5)7.98%
Volume3.67M
Volume Incr37.21%
Vol(5)4.45M
Vol(50)3.35M