ISHARES GLOBAL CLEAN ENERGY (ICLN) Stock Technical Analysis
USA - NASDAQ:ICLN - US4642882249 - ETF
Taking everything into account, ICLN scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ICLN is showing a nice and steady performance.
ICLN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 16.51, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ICLN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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15.44
We found 2 important support areas.
- A support zone ranging from 16.12 to 16.51. 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 15.60 to 15.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 83.02 | POSITIVE | ICLN has a high relative strength, it outperformed 83.02% off all stocks 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) | 64.42 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 47.93 | NEUTRAL | The Stochastics value for ICLN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for ICLN suggests some volalility. |
| Average Directional Index/ADX (14) | 25.99 | POSITIVE | The high ADX value value for ICLN suggests a strong 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 |
|---|---|---|---|
| 17.11 | 16.11 | 1.00 (5.84%) | 17.11% |
| An entry @17.11. This is a Buy Stop order right above the 10 day high. | An exit @16.11. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.00 points, which is 5.84%. | When investing 17.11% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
16.7
+0.36 (+2.2%)
ISHARES GLOBAL CLEAN ENERGY / ICLN FAQ
Can you provide the ChartMill technical rating for ISHARES GLOBAL CLEAN ENERGY?
ChartMill assigns a technical rating of 10 / 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 64.4171. 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 -0.0358287, 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 16.51. Check the full technical report for our detailed analysis of ICLN support and resistance levels.