Taking everything into account, ICLN scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ICLN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ICLN is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, ICLN also shows a nice and consistent pattern of rising prices.
- ICLN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ICLN has a been trading in the 15.94 - 17.68 range, which is quite wide. It is currently trading near the high of this range.
- ICLN has an average volume of 3398630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ICLN has an excellent technical rating, but the quality of the setup is only medium 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
15.62
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.59 to 16.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.78 to 16.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @17.66 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 18.10 to 18.10. This zone is formed by a combination of multiple trend lines 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 | 86.7 | POSITIVE | ICLN has a high relative strength, it outperformed 86.7% 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) | DOWN | MIXED | The current price of ICLN is above a declining 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) | 62.1 | NEUTRAL | The RSI value for ICLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ICLN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.78 | OVERBOUGHT | The high Stochastics value suggests ICLN may be overbought. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for ICLN suggests low volalility. |
| Average Directional Index/ADX (14) | 19.72 | 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 |
|---|---|---|---|
| 17.67 | 16.62 | 1.05 (5.94%) | 16.83% |
| An entry @17.67. This is a Buy Stop order right above the resistance zone. | An exit @16.62. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.05 points, which is 5.94%. | When investing 16.83% 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.
17.51
+0.15 (+0.86%)
ISHARES GLOBAL CLEAN ENERGY / ICLN FAQ
Can you provide the ChartMill technical rating for ISHARES GLOBAL CLEAN ENERGY?
ChartMill assigns a technical rating of 9 / 10 to ICLN.
What is the trend direction for ICLN stock?
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 62.1. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ISHARES GLOBAL CLEAN ENERGY?
The short term momentum for ISHARES GLOBAL CLEAN ENERGY (ICLN) is positive.
Can you provide the buy/sell signal for ISHARES GLOBAL CLEAN ENERGY?
The buy/sell signal for ISHARES GLOBAL CLEAN ENERGY (ICLN) is buy as both the short term and long term trends are positive.