Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

Coming Up Aces in Clean Energy

by September 17, 2022
September 17, 2022
Coming Up Aces in Clean Energy

The broad market environment remains bearish, but one group stood out in early August and continues to stand out. The Solar Energy ETF (TAN) was featured on August 1st as the Trend Composite turned bullish and clean energy was featured as an emerging theme on August 5th. Clean energy ETFs are bucking the bear market and we will look at the Alps Clean Energy ETF (ACES) today.

First, let’s check the trend signal and ranking table, which covers 274 ETFs and is available to subscribers at TrendInvestorPro. ACES sits at the top with a StochClose value of 94.1, which means it is close to a six month high because StochClose has a 125-day lookback. There are three other clean-energy ETFs in the top six (QCLN, TAN and ICLN). The Trend Composite triggered bullish 35 days ago for ACES and QCLN, 36 days ago for ICLN and 50 days ago for TAN (green shading on signal days column).  

The next chart shows ACES with the Trend Composite turning positive in late July. This indicator aggregates trend signals in five trend-following indicators and is part of the TIP Indicator Edge Plugin for StockCharts ACP. There was also a breakout on the price chart as the ETF gapped above the June high. ACES then formed a small falling wedge into September and this is viewed as a bullish continuation pattern. It is a short correction after the July-August surge and the wedge breakout is bullish.

The blue line on the chart is the ATR Trailing Stop, which is set 6 ATR(22) values below the highest close since the Trend Composite turned positive. As a trailing stop, it rises when prices rise and flatlines when prices fall. I view ACES as firmly bullish as long as this stop holds and the Trend Composite remains positive.

StochClose, the Trend Composite, ATR Trailing Stop and eight other indicators are part of the TIP Indicator Edge Plugin for StockCharts ACP. Click here to learn more and take your analysis process to the next level.

TrendInvestoPro remains very selective when it comes to stock-based ETFs because the Composite Breadth Model has been bearish since April 11th and the vast majority of ETFs are in downtrends. Subscribers get access to the breadth model, ETF signal/ranking table, twice-weekly reports, comprehensive video and premium strategies. Click here for immediate access.

—————————————

0
FacebookTwitterGoogle +Pinterest
previous post
The Politicization of Intelligence in Ukraine
next post
Report: EV Owners Sick and Tired of Allegedly Being Lied to About Their Cars, Letting Tesla Know with Epic Lawsuit

You may also like

Unlocking Russell 2000 SECRETS & Volatility INSIGHTS!

December 30, 2023

Two ETFs That Could Thrive Based on a...

December 6, 2024

Sector Spotlight: Unleash The Power of Sector Analysis...

November 8, 2023

Week Ahead: Low VIX May Keep NIFTY Vulnerable...

September 16, 2023

The Ord Oracle September 11, 2023

September 12, 2023

Will Technology Drive S&P Higher in October?

October 4, 2024

Can the S&P 500 Move Meaningfully Higher Without...

June 28, 2024

Three Reasons to Consider Gold

March 14, 2025

Market Maker Manipulation; Oops, They Did It Again!

May 13, 2025

On the Lookout for LOVE with GoNoGo Charts

August 24, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs

      June 7, 2025
    • Trump announces China will restart rare earth mineral shipments to US after productive call

      June 7, 2025
    • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert

      June 7, 2025
    • Snub of Musk’s NASA nominee ally preceded sudden ‘big, beautiful bill’ criticism, Trump feud

      June 6, 2025
    • Supreme Court rules DOGE can access Social Security information

      June 6, 2025
    • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,019)
    • Politics (15,558)
    • Stocks (3,134)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved