iShares Global Energy ETF - $IXC - Major OpportunityiShares Global Energy ETF - AMEX:IXC
This chart and all the others ETF's shared in the below post continue to show major break outs. Its really incredible to see.
✅ Ascending triangle breakout & retest of base
✅ Series of higher lows
✅ Above 200 day SMA
✅ Great Risk Reward set up at 8:1
Garneri
Key stats
About iShares Global Energy ETF
Home page
Inception date
Nov 12, 2001
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
IXC fits the bill if youre looking for neutral exposure to the global energy sector. The fund starts off with an underlying index that a committee narrows down to include companies reflective of the broad energy sector. And even though it proportionally weights issuers by market-cap, its large-cap bias introduces a few overweights in the fund, and a heavy investment in a few US giants (but that's inherent to the sector). Overall, it is imperative to note certain concentration risks before investing in this fund. Holdings are market cap-weighted, subject to capping, which limits single security weights to 22.5% and the aggregate of all securities by an issuer exceeding 4.5% to be capped at 45%. The index is rebalanced quarterly in March, June, September, and December. Prior to Mar. 20, 2023, the IXC tracked S&P Global 1200 Energy Index.
Classification
What's in the fund
Exposure type
Energy Minerals
Utilities
Stock breakdown by region
Energy stocks and ETF will continue to rallyIF you for some reasons are lost and confused finding the right Energy companies to buy, then a global Energy ETF might be suitable. It saves you the hassle of scrutinising the financial performance of the companies and allows you a bigger birds eye view of the global market.
[ENERGY ETF] AWAITING BREAKOUTThis ETF has been falling constantly on the weekly chart as it is waiting for its exhaustion stage to retest the 20 or 30 Day WMA. It could possibly reverse all together and starting its bull trend relative to the volume. For the last week or so it has been trapped and seem to be consolidating. I ha
[TRAPPING THE PRICE] *ENERGY ETF*Finding different weekly support and resistance levels dating back to 2008. I am marking levels that have confirmed the price getting caught in, then when breaking either up or down it will continue that way for a short period of time. Next I will show a daily projection based off of the levels I ha
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.