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How the price action of Ishares Global Clean Energy Et (ICLN) is used to our Advantage

Longer Term Trading Plans for ICLN
  • Buy ICLN slightly over 18.90 target 20.81 stop loss @ 18.85 Details
  • The technical summary data tells us to buy ICLN near 18.90 with an upside target of 20.81. This data also tells us to set a stop loss @ 18.85 to protect against excessive loss in case the stock begins to move against the trade. 18.90 is the first level of support below 20.21 , and by rule, any test of support is a buy signal. In this case, support 18.90 would be being tested, so a buy signal would exist.

  • Short ICLN slightly under 20.81, target 18.90, stop loss @ 20.87 Details
  • The technical summary data is suggesting a short of ICLN as it gets near 20.81 with a downside target of 18.90. We should have a stop loss in place at 20.87though. 20.81 is the first level of resistance above 20.21, and by rule, any test of resistance is a short signal. In this case, if resistance 20.81 is being tested, so a short signal would exist.

Swing Trading Plans for ICLN
  • Buy ICLN slightly over 20.81, target 22.77, Stop Loss @ 20.75 Details
  • If 20.81 begins to break higher, the technical summary data tells us to buy ICLN just slightly over 20.81, with an upside target of 22.77. The data also tells us to set a stop loss @ 20.75 in case the stock turns against the trade. 20.81 is the first level of resistance above 20.21, and by rule, any break above resistance is a buy signal. In this case, 20.81, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short ICLN slightly near 20.81, target 20.11, Stop Loss @ 20.87. Details
  • The technical summary data is suggesting a short of ICLN if it tests 20.81 with a downside target of 20.11. We should have a stop loss in place at 20.87 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 20.81, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ICLN
  • Buy ICLN slightly over 20.81, target 22.77, Stop Loss @ 20.76 Details
  • If 20.81 begins to break higher, the technical summary data tells us to buy ICLN just slightly over 20.81, with an upside target of 22.77. The data also tells us to set a stop loss @ 20.76 in case the stock turns against the trade. 20.81 is the first level of resistance above 20.21, and by rule, any break above resistance is a buy signal. In this case, 20.81, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short ICLN slightly near 20.81, target 20.11, Stop Loss @ 20.86. Details
  • The technical summary data is suggesting a short of ICLN if it tests 20.81 with a downside target of 20.11. We should have a stop loss in place at 20.86 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 20.81, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Real Time Updates are available on our  Ishares Global Clean Energy Et (ICLN) Page here: ICLN.

ICLN Ratings for February 08:

Term →Near Mid Long
Rating Neutral Weak Neutral
P1 0 0 18.90
P2 20.08 20.11 20.81
P3 20.64 20.68 22.77
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Support and Resistance Plot Chart for ICLN

ICLN Long Term Analysis for February 8 2023

Blue = Current Price
Red= Resistance
Green = Support

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Ishares Global Clean Energy Et (NASDAQ: ICLN) data table below can help you with price action, and we have more details too. Trading plans for ICLN are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.