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March 19, 2023
A quick look at Friday: iShares Global Clean Energy ETF ended Friday at $18.32 following from closing Thursday at $18.96. Overall, this represents a loss of 64 cents or 3.38%.
The MACD index is indicating that momentum is shifting from bullish to bearish following a negative crossover. When the MACD falls below the signal line, it is typically considered to be a bearish development favoring short positions. IShares Global Clean Energy ETF has just crossed the lower Bollinger Band® at $18.65, indicating further losses could be forthcoming.
In the short term, iShares Global Clean Energy ETF is expected to maintain its recent downtrend and continue spiralling lower.
In the meantime, negative performances are also seen in other markets, HSBC Holdings is down to $33.08, losing $1.41, after ending the previous session around $34.49. Meta Platforms dips 4.55% Friday and closed at $204.93. Berkshire Hathaway lost 2.81% Friday and closed at $302.
IShares Global Clean Energy ETF has fallen back around 19.7% over the past 7 months, from a notable high of $23.61.
