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Ishares Global Clean Energy Et $ICLN Investment Analysis

Longer Term Trading Plans for ICLN
  • Buy ICLN slightly over 18.52 target 19.90 stop loss @ 18.47 Details
  • The technical summary data tells us to buy ICLN near 18.52 with an upside target of 19.90. This data also tells us to set a stop loss @ 18.47 to protect against excessive loss in case the stock begins to move against the trade. 18.52 is the first level of support below 18.8 , and by rule, any test of support is a buy signal. In this case, support 18.52 is being tested, a buy signal would exist.

  • Short ICLN slightly under 19.90, target 18.52, stop loss @ 19.96 Details
  • The technical summary data is suggesting a short of ICLN as it gets near 19.90 with a downside target of 18.52. We should have a stop loss in place at 19.96though. 19.90 is the first level of resistance above 18.8, and by rule, any test of resistance is a short signal. In this case, if resistance 19.90 is being tested, a short signal would exist.

Swing Trading Plans for ICLN
  • Buy ICLN slightly over 19.90, target n/a, Stop Loss @ 19.84 Details
  • If 19.90 begins to break higher, the technical summary data tells us to buy ICLN just slightly over 19.90, with an upside target of n/a. The data also tells us to set a stop loss @ 19.84 in case the stock turns against the trade. 19.90 is the first level of resistance above 18.8, and by rule, any break above resistance is a buy signal. In this case, 19.90, 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 19.90, target 18.52, Stop Loss @ 19.96. Details
  • The technical summary data is suggesting a short of ICLN if it tests 19.90 with a downside target of 18.52. We should have a stop loss in place at 19.96 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, 19.90, 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 19.90, target n/a, Stop Loss @ 19.85 Details
  • If 19.90 begins to break higher, the technical summary data tells us to buy ICLN just slightly over 19.90, with an upside target of n/a. The data also tells us to set a stop loss @ 19.85 in case the stock turns against the trade. 19.90 is the first level of resistance above 18.8, and by rule, any break above resistance is a buy signal. In this case, 19.90, 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 19.90, target 18.60, Stop Loss @ 19.95. Details
  • The technical summary data is suggesting a short of ICLN if it tests 19.90 with a downside target of 18.60. We should have a stop loss in place at 19.95 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, 19.90, 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.

This is a snapshot. Real Time Updates are available on our ICLN Page.

ICLN Ratings for July 13:

Term →Near Mid Long
Rating Neutral Neutral Weak
P1 0 0 17.12
P2 18.25 18.01 18.52
P3 18.60 18.51 19.90
Triggers may have already come
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Support and Resistance Plot Chart for ICLN

ICLN Long Term Analysis for July 13 2023

Blue = Current Price
Red= Resistance
Green = Support

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With an objective approach to Ishares Global Clean Energy Et (NASDAQ: ICLN), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ICLN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ICLN is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ICLN too.  All of these are offered below the Summary Table.