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iShares Global Clean Energy ETFiShares Global Clean Energy ETFiShares Global Clean Energy ETF

iShares Global Clean Energy ETF

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ICLN trade ideas

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.CO Vestas Wind Systems A/S 5.83% 600900.SS China Yangtze Power Co., Ltd. 4.09% EDP.LS EDP, S.A. 4.01% 9502.T Chubu Electric Power Company, Incorporated 3.81% ORSTED.CO Ørsted A/S 3.74% SUZLON.BO Suzlon Energy Limited 3.17%
NASDAQ:ICLNLong
by Maximus20000
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% gap up was due to ENPH strong earnings (20% above estimates) Overall it is generally a bullish sector and I think this has to do with the Oil and Gas conflict and volatility Risk Mitigation There is an uptrend S&R line and the Strike at 20 is at a position before their gap up. If we break this gap it would be a significant change in direction and time to exit I expect some bearish movements that follows the broader market’s volatility but more muted Imagine Yourself Taking The Other Side It is not a bad decision to take the opposite direction, even with the same hypothesis. Just worried about the upward gaps since ENPH seems to be doing well Look For New Information Fed rate hikes are happening next week, this could be a game changer How Do I Feel Now I really like this trade, I need to find more like this Trade Specs Sold 300 PUTs @ 0.15 Strike 20 % to Strike: 13.09% BP Used: 66K Max Gain: 4500
NASDAQ:ICLNLong
by Ronin_trader
Long Term ICLN investment I believe that renewable energies are the inescapable final destination for all of humanity, as even the oil industry knows that fossil fuel deposits are finite. To me, the renewable energy revolution has always been a question to when not if. For example, over the past decade or so advancements in semiconductor processing and production methods has lead to a 500% decrease in the scalability cost of solar panels. At this link you can look at a plot of the cost per Kwh as a function of time: rameznaam.com The big deal here is simply that around 2019 solar panels crossed into a cost region where it is almost cheaper to create power per Kwh with solar vs fossil fuel. This critical threshold applies to other renewables like wind as well, which basically means we are at a turning point from a business perspective where clean energy production will simply be as or more profitable than fossil fuels. People have been aware of this for years now, so this is nothing new and some clean energy funds are already doing very well. I didn't really have much interest in investing over the past decade though, so as I prepare college funds for the future I'm really looking for the best value play when buying into a clean energy fund. I think ICLN could offer a lot of value relative to other more pricey clean energy funds based on the speculation that it has a lot of growth potential. From a technical standpoint, the fund appears to be in a correction phase following a big run-up after the COVID drop back in March 2020.There is a 1D and 2D support at $21 that could be the bottom of a consolidation wedge given that the price action seems to show the 3 bear flags indictive of a completed wave A correction and shows good bullish divergence on the 13May21 low let. The 1D resistance at 23.55 could be the critical breakout point for this consolidation wedge: On the larger 1W timeframe the price action can also be interpreted as a large Cup and Handle pattern. This timeframe also shows the average volume has never been net negative and both the average volume and average volume derivative appear to have been in a sideways correction since around march of this year until now. According to the Recognia Elliot wave detection algorithm, ICLN entered into wave 3 back in October of 2021 following the downward break from the 3rd bear flag (labeled with orange trend lines and the 3) and exceeded the 24.52 price target. In the period over this wave, the average volume shown in the middle bottom chart had a steady positive slope, hit an inflection point from net negative volume to net positive and had a strong positive sloped derivative (shown on the bottom most plot and implying the increasing average volume has a positive rate of change). Recognia does not offer analysis on super-cycle Elliot waves as these cycles are too dependent on macroeconomic forces, but given the dynamics of renewables worldwide I think ICLN could breakout form this consolidation as a continuation of a wave 3 super cycle. My stop loss is set at 19.50 to allow for a little leeway at the critical $21 support, but also provide protection since there could be a lot more downside than anticipated. I will be DCAing into an increasing position size indefinitely with the goal of lowering my cost basis per share until a bottom has definitely been found or the stop loss is triggered.
NASDAQ:ICLNLong
by kodyshepherdpersonal
11/21/21 ICLNiShares S&P Global Clean Energy Index Fund ( NASDAQ:ICLN ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Current Price: $24.69 Breakout price trigger: $24.90 Buy Zone (Top/Bottom Range): $25.00-$23.80 Price Target: $25.70-$26.20 (1st), 27.35-$28.00 (2nd), $28.90-$30.00 (3rd) Estimated Duration to Target: 10-12d (1st), 27-30d (2nd), 48-50d (3rd) Contract of Interest: $ICLN 12/3/21 24.5c, $ICLN 12/17/21 25c, $ICLN 1/21/22 25c Trade price as of publish date: $0.65/contract, $0.60/contract, $0.95/contract
NASDAQ:ICLNLong
by lord_catnip
Global Clean Energy ETF Analysis 04.11.2021Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button. Thank you for watching and I will see you tomorrow!
NASDAQ:ICLN
by basictradingtv
ICLN - Clean Energy ETF - sector analysis, long setupICLN is setting up well on the monthly charts. Points for consideration: 1. Price above 20 Day, 20 week and 5 month MA. This should act as a nice support zone 2. 200 Day Moving Average right above us that could act as potential resistance. 3. RSI is crucial zones and positive structure 4. Break above 200 Day MA will be seen as very bullish on daily/weekly close basis Other ETFs in the same Clean Energy space are as below 1. PBW, TAN, CNRG, ACES, PBD,ICLN, QCLN, SMOG, FAN, NLR, GRID 2. Except NLR and GRID, all the others are below their 200 Day MA. 3. All the above ETFs have shown recent strength and above their 9 day and 20 Day MAs From a sector ETF Relative Ranking Perspective, these are my current Rankings on relative strength basis (as on 15th Oct 2021 business close basis) and this is dynamic with price changes ETF Name Ticker Strength Score Rank iShares Global Clean Energy ETF ICLN 60.00% 5 Invesco WilderHill Clean Energy ETF PBW 20.00% 8 Invesco Solar ETF TAN 100.00% 1 SPDR S&P Kensho Clean Power ETF CNRG 90.00% 2 ALPS Clean Energy ETF ACES 80.00% 3 Invesco Global Clean Energy ETF PBD 30.00% 7 First Trust NQClean Edge Green Energy Idx Fd ETF QCLN 70.00% 4 VanEck Low Carbon Energy ETF SMOG 40.00% 6 First Trust NQ Clean Edge Smart Grid Infra Idx ETF GRID 10.00% 10 First Trust Global Wind Energy ETF FAN 20.00% 8 Will be preparing my views on the top 5 ETFs in this space based on the above relative strengths and will link them for your views and observations Stocks to look for currently in this sector are as follows 1. RUN 2. JKS 3. PLUG 4. BWEN 5. SEDG 6. ENPH 7.TPIC 8. FSLR 9. FCEL 10. EVA 11. REX 12. AY 13. ORA 14. TPIC 15. EVA 16. CVA AQN is currently showing a potential for downward break below its 52 week low, while TPIC, EVA and CVA are very close to their 52 week high Interesting sector, has been all around the place so far.
NASDAQ:ICLNLong
by LoveForCharts
Symmetrical Triangle - BullishPersonally am quite bullish on the ICLN as well as many of its holdings. Closed on Friday sitting right on its 200-day EMA which it has previously bounced off of many times and is approaching the end of a massive symmetrical triangle. Bollinger bands are squeezing as well (not pictured), undoubtedly a long-term play but will be keeping a close eye on this one. Just some support and resistance levels and some RSI based supply and demand zones to keep an eye on as well- bullish
NASDAQ:ICLNLong
by jacobosiason7