Short- Term Bottom Forming in ICleanICLN could get a bounce in short term from buyers at 11 dollar mark. Longer term trend suggests some more pain for ICLN. However, ICLN's starting to looking oversold on RSI.
Keeping an eye on this. Interested in adding a long when/if price action enters green channel.
Key stats
About iShares Global Clean Energy ETF
Home page
Inception date
Jun 24, 2008
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
ICLN invests in global clean energy companies, which is defined as those involved in the biofuels, ethanol, geothermal, hydroelectric, solar, and wind industries. Aside from holding companies that produce energy through these means, ICLN also includes companies that develop technology and equipment used in the process. Selected by the index committee, the fund is weighted by market-cap and exposure score subject to several constraints and reconstituted semi-annually. Prior to April 19, 2021, the index followed a more narrow methodology.
Classification
What's in the fund
Exposure type
Utilities
Electronic Technology
Producer Manufacturing
Stock breakdown by region
ICLN - ISHARES GLOBAL CLEAN ENERGY ETF - USD Simply go long, it's the future! If the USA doesn't want to increase this ETF by 20 or 30 or 40%, the world will end up on its last legs! NVDA won't save the planet!
ENPH
Enphase Energy, Inc. 7.93%
FSLR
First Solar, Inc. 7.36%
ED
Consolidated Edison, Inc. 6.34%
IBE.MC
Iberdrola, S.A. 6.02%
VWS
Clean EnergyThe transition to clean energy has been happening but at a slower pace. Fossil fuel is here to stay for years to come since our survival heavily depends on its byproducts. The iShare Clean Energy ETF will trach this transition as we increase the adoption of clean/renewable energy.
The ETF is heavi
ICLN etf nice look here. With solar running hot I've got me eye on this Global Clean energy ETF with big holdings in ENPH (8.9%) SEDG (8.2%) and FSLR (8.2%) Clean looking wedge pattern here on the daily. Not a lot of ATR on this one but could set up for a nice swing. Watching for a breakout of that 20 spot if solar continue
ICLN Bullish inclined naked puts 14 Oct expiryWhats The Plan/Trade/Thought
ICLN is one of the 3 largest renewable energy ETF’s by assets under management. These 3 ETFs all have a significant holding on to stock ENPH. So it almost acts like an insulated ENPH proxy.
ICLN generally follows the S&P and the drops a less drastic. The recent 6%
ICLN Bearish inclined naked calls 18 Nov expiry
Whats The Plan/Trade/Thought
ICLN is an ETF filled with companies that will rely heavily on bank loans to operate, this would probably result in accelerated dips with the increasing interest rates
Risk Mitigation
I see 19.70 as my indicator that my direction is wrong and I should exit
Can
ICLN - Global Clean Energy ETF - LongPrices are trading in a corrective formation ahead of an impulse upward 5th wave. The next move will drive the market higher to 25.20, 25.50 and 26.10. We would recommend building long positions at market with a take profit at 25.20/50.
A daily close below 20.00 would invalidate the upward scenario
Global Clean Energy READY TO TAKE OFF?!Energy dependent Nations looking for new sources of energy primarily clean Energy. The Bipartisan Infrastructure Law and the Energy Act of 2020 provides over $60 billion primarily for new major clean energy demonstration and deployment programs and more than triples DOE’s annual funding for energy p
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Summarizing what the indicators are suggesting.
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Moving Averages
Neutral
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Moving Averages
Neutral
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Displays a symbol's price movements over previous years to identify recurring trends.