ICLN iShares Global Clean Energy ETF Forecast, Technical & Fundamental Analysis
ICLN's RSI Oscillator recovers from oversold territory
The RSI Indicator for ICLN moved out of oversold territory on November 14, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 36 similar instances when the indicator left oversold territory. In of the 36 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Moving Average Convergence Divergence (MACD) for ICLN just turned positive on November 22, 2024. Looking at past instances where ICLN's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ICLN advanced for three days, in of 280 cases, the price rose further within the following month. The odds of a continued upward trend are .
ICLN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 11, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ICLN as a result. In of 74 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ICLN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for ICLN entered a downward trend on November 19, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category MiscellaneousSector
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| FIVFX | 28.51 | -0.15 | -0.52% |
| Fidelity International Capital Apprec | |||
| DODEX | 9.02 | -0.05 | -0.55% |
| Dodge & Cox Emerging Markets Stock | |||
| PXDIX | 9.16 | -0.06 | -0.65% |
| Impax Global Sustainable Infras Instl | |||
| EPLPX | 21.42 | -0.15 | -0.70% |
| NYLI Epoch U.S. Equity Yield Class A | |||
| AMRFX | 56.19 | -3.00 | -5.06% |
| American Funds American Mutual F2 | |||
ICLN and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, ICLN has been closely correlated with FRNW. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if ICLN jumps, then FRNW could also see price increases.
| Ticker / NAME | Correlation To ICLN | 1D Price Change % | ||
|---|---|---|---|---|
| ICLN | 100% | +0.55% | ||
| FRNW - ICLN | 95% Closely correlated | -0.22% | ||
| CTEC - ICLN | 93% Closely correlated | -0.23% | ||
| TAN - ICLN | 93% Closely correlated | +1.38% | ||
| VCLN - ICLN | 90% Closely correlated | N/A | ||
| ACES - ICLN | 86% Closely correlated | -0.40% | ||
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