We assign a technical rating of 8 out of 10 to ICLN. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
ICLN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 16.33, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
15.62
We found 2 important support areas.
- A support zone ranging from 16.06 to 16.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.78 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.60 to 16.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.10 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 | NEUTRAL | NEUTRAL | The short term trend for ICLN is neutral. |
| ChartMill Relative Strength | 87.33 | POSITIVE | ICLN has a high relative strength, it outperformed 87.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ICLN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ICLN is below 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) | 47.22 | NEUTRAL | The RSI value for ICLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ICLN has a negative trend. |
| Stochastics (14,3) | 50.71 | NEUTRAL | The Stochastics value for ICLN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for ICLN suggests some volalility. |
| Average Directional Index/ADX (14) | 13.27 | NEGATIVE | The low ADX value for ICLN suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.78 | 16.40 | 0.38 (2.26%) | 25.00% |
| An entry @16.78. This is a Buy Stop order right above the resistance zone. | An exit @16.40. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.38 points, which is 2.26%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.57%. |
- The distance between exit and entry is rather small compared to the average daily movement of ICLN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
16.58
-0.02 (-0.12%)
ISHARES GLOBAL CLEAN ENERGY / ICLN FAQ
Can you provide the ChartMill technical rating for ISHARES GLOBAL CLEAN ENERGY?
ChartMill assigns a technical rating of 8 / 10 to ICLN.
Can you provide the trend direction for ISHARES GLOBAL CLEAN ENERGY?
The current trend direction for ISHARES GLOBAL CLEAN ENERGY (ICLN) is Bullish.
What is the RSI signal for ICLN stock?
ISHARES GLOBAL CLEAN ENERGY (ICLN) has an RSI value of 47.2234. This indicates that the stock is currently neutral.
What is the MACD signal for ISHARES GLOBAL CLEAN ENERGY (ICLN) stock?
The MACD indicator for ISHARES GLOBAL CLEAN ENERGY (ICLN) has a value of -0.0152465, indicating a bearish trend.
Can you provide the support and resistance levels for ISHARES GLOBAL CLEAN ENERGY?
ISHARES GLOBAL CLEAN ENERGY (ICLN) has a support level at 16.33 and a resistance level at 16.6. Check the full technical report for our detailed analysis of ICLN support and resistance levels.