(ICLN) iShares Global Clean Energy - Ratings and Ratios

The iShares Global Clean Energy ETF (ICLN) is an exchange-traded fund that provides investors with exposure to the global clean energy sector by tracking an index of approximately 100 companies involved in clean energy production, technology, and related services. The funds investment strategy is centered around replicating the performance of its underlying index, with a minimum of 80% of its assets allocated to the constituent securities, and the remaining 20% potentially invested in derivatives, cash, and other securities.

The funds focus on clean energy aligns with the growing trend towards renewable energy sources and sustainable investments. By investing in ICLN, investors gain access to a diversified portfolio of companies that are poised to benefit from the global transition towards cleaner energy. The funds holdings span various sub-sectors within clean energy, including solar, wind, hydro, and geothermal energy, as well as companies involved in energy storage and related technologies.

Analyzing the funds technical and fundamental data, we can observe that ICLN has demonstrated a positive trend, with its price currently above its 20-day, 50-day, and 200-day simple moving averages (SMA20, SMA50, SMA200). The Average True Range (ATR) indicates a relatively moderate level of volatility. With Assets Under Management (AUM) standing at approximately $1.41 billion, the fund has a significant presence in the market.

Based on the available data, a forecast for ICLN can be constructed by considering both technical and fundamental factors. The positive trend indicated by the SMAs, combined with the growing demand for clean energy solutions, suggests a potential for further growth. However, the relatively moderate volatility, as indicated by the ATR, may impact the funds short-term performance. Assuming a continued trend towards sustainable investments and an increase in clean energy adoption, ICLN may potentially reach a price of $15.00 within the next 12 months, representing a 12.78% increase from its current price of $13.30.