ISHARES GLOBAL CLEAN ENERGY (ICLN) Stock Technical Analysis
NASDAQ:ICLN - Nasdaq - US4642882249 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to ICLN. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ICLN is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
ICLN has an average volume of 2120380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ICLN turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
ICLN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ICLN is lagging the market slightly.
In the last month ICLN has a been trading in the 11.74 - 13.08 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, the quality of the presented setup is not ideal 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
10.97
14.19
We found 3 important support areas.
- A support zone ranging from 12.43 to 12.45. 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 11.86 to 12.05. 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.71 to 13.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.05 from a trend line in the weekly 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 | 43.99 | 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) | DOWN | MIXED | The current price of ICLN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.44 | NEUTRAL | The RSI value for ICLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ICLN has a negative trend. |
| Stochastics (14,3) | 59.38 | NEUTRAL | The Stochastics value for ICLN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for ICLN suggests low volalility. |
| Average Directional Index/ADX (14) | 22.1 | NEUTRAL | The ADX value for ICLN suggests a possible start of a new 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)
12.61
+0.05 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.4%
1 Week-1.33%
2 Weeks-2.47%
1 Month7.14%
3 Month13.5%
6 Month1.78%
12 Month-15.76%
2 Year-31.24%
3 Year-36.57%
5 Year5.79%
10 Year3.79%
15 Year-17.09%
Volatility
ATR(14)0.24
ATR(20)%1.69%
ATR Inc-57.14%
Range Today0.1
ADR(20)0.15
ADR(20)%1.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.99
Mansfield-0.42
10 Day High13.08
10 Day Low12.31
20 Day High13.08
20 Day Low11.74
52 Week High15.25
52 Week Low10.46
CS1 End12.45
CR1 Start12.71
Volume & EV
DER(3)-0.14%
DER(5)-0.07%
Volume1.24M
Volume Incr18.68%
Vol(5)2.32M
Vol(50)2.12M