(ICLN) Long-term investment analysis

Dec 1, 2024 5:44am ET BY Neal – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for ICLN

• NONE. Details

There is currently no current support plan that could trigger a purchase of this stock. This usually means that there are no clear support levels at this point, so buying the stock when the price is falling could be seen as catching a falling knife. Buy signals only occur when resistance breaks upwards.
This is often a signal that the stock you are watching is weak. Waiting for a higher turn may be smarter than trying to catch a falling knife. In any case, new support levels are usually incorporated into the database at the beginning of the next trading session.

• Short ICLN just below 12.56, target n/a, stop loss at 12.6 Details

The technical summary data suggests shorting ICLN as it approaches 12.56, but the downside target is not available from the current data. This tells us to hold that position when it is triggered until a new downside target is set (updates occur at the start of each trading session) or until the position is stopped. The summary data shows that there is a stop loss at 12.6. 12.56 is the first resistance level above 12.39, and basically any test of resistance is a short signal. In this case, if the resistance 12.56 is tested, a short signal is present.

Swing trading plans for ICLN

• Buy ICLN just above 12.56, target 13.41, stop loss at 12.52 Details

If 12.56 starts to break out higher, the technical summary data tells us to buy ICLN just above 12.56 with an upside target of 13.41. The data also tells us to set a stop loss at 12.52 in case the stock turns against the trade. 12.56 is the first resistance level above 12.39, and basically any break above resistance is a buy signal. In this case, 12.56, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short ICLN close to 12.56, target 12.2, stop loss at 12.6. Details

Technical summary data suggests ICLN should be short if it tests 12.56, with a downside target of 12.2. However, we should have a stop loss at 12.6 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if the resistance 12.56 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for ICLN

• Buy ICLN just above 12.56, target 13.41, stop loss at 12.53 Details

If 12.56 starts to break out higher, the technical summary data tells us to buy ICLN just above 12.56 with an upside target of 13.41. The data also tells us to set a stop loss at 12.53 in case the stock turns against the trade. 12.56 is the first resistance level above 12.39, and basically any break above resistance is a buy signal. In this case, 12.56, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short ICLN close to 12.56, target 12.2, stop loss at 12.59. Details

Technical summary data suggests ICLN should be short if it tests 12.56, with a downside target of 12.2. However, we should have a stop loss at 12.59 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if the resistance 12.56 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Ishares S&p Global Clean Energy Index Fund (ICLN) available here: ICLN.

ICLN ratings for December 1st:

AI generated signals for ICLN

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Technically, Ishares S&p Global Clean Energy Index Fund (NASDAQ: ICLN) offers opportunities for traders who watch how the stock price fluctuates over time.

Warning:

This is a static report. The following data was valid at the time of 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.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when ICLN tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for ICLN. All of this is offered below the overview table.