ASX All Ordinaries Index

ASX All Ordinaries Index closed down by -0.63% to 7308.7 on 23 January 2021 and +0.14% on a weekly basis. ASX All Ordinaries Index momentum was last calculated at +100.0/100 indicating positive momentum. ASX All Ordinaries Index trend is +75.0/100 indicating a positive trend. ASX All Ordinaries Index momentum exhaustion is 1.03548 indicating ASX All Ordinaries Index is oversold.ASX All Ordinaries Index RSI is 56.0825 .

ASX All Ordinaries Index Chart

ASX All Ordinaries Index

ASX All Ordinaries Index Statistics

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
ASX All Ordinaries Index AORD 7308.7 1 0.75 1.03548 56.0825 -0.63 0.14 3.91 -0.02083

ASX All Ordinaries Index closed at 7308.7 on 23 January 2021. ASX All Ordinaries Index trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. ASX All Ordinaries Index momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. ASX All Ordinaries Index momentum exhaustion is 1.03548 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating ASX All Ordinaries Index is oversold and a possible reversal is imminent. ASX All Ordinaries Index RSI was last calculated at 56.0825. ASX All Ordinaries Index moving averages were last recorded as follows: 1-month moving average: 6665.03 in an uptrend , 1-quarter moving average: 6420.71 in an uptrend and 1-year moving average: 6094.04 in a downtrend. ASX All Ordinaries Index annual return was last recorded at None%, daily return was last recorded at -0.63%, and weekly return was last recorded at 0.14%. ASX All Ordinaries Index histrorical 20-day volatility was last recorded at 12.3609%, ASX All Ordinaries Index alpha None, ASX All Ordinaries Index beta None and ASX All Ordinaries Index maximum drawdown was recorded at None%. MacroVar models monitor ASX All Ordinaries Index statistics based on historical data since 1970.

ASX All Ordinaries Index News

ASX All Ordinaries Index Factors

ASX All Ordinaries Index

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Australia PMI vs Stocks AU.FACT.STPMI 5951.3 49.2341 -1.49035

ASX All Ordinaries Index related Indicators

ASX All Ordinaries Index

Security Type Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Australia ETF Stock Index ETF EWA 25.75 1 1 1.65032 66.8466 -1.08 -2.31 -2.39 0.07737
Australia PMI vs Stocks Stock Index vs PMI Factor AU.FACT.STPMI 5951.3

Australia Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
ASX All Ordinaries Index AORD 7308.7 1 0.75 1.03548 56.0825 -0.63 0.14 3.91 -0.02083
Australia ETF EWA 25.75 1 1 1.65032 66.8466 -1.08 -2.31 -2.39 0.07737
Australian Dollar US Dollar (AUD/USD) AUDUSD 1.36 -1 -1 -1.66592 27.6838 1.76 3.04 5.94 -0.10272
Australia 5-Year Bond Yield AU.5Y 0.6 1 -0.25 -0.60222 49.8497 -17.58 -30.39 -15.49 -0.61338
Australia 2-year bond yield AU.2Y 0.04 -1 -1 -1.11406 28.0851 -21.57 -48.72 -55.06 -0.90854
Australia 12-year bond yield AU.2Y 1.28 0.5 0.25 -0.20414 49.5678 -5.04 -22.38 -30.28 -0.15761
Australia Yield Curve AU.YC 1.14 1 1 1.70777 58.993 -12.44 -23.69 -28.62 1.11034
Australia Credit Default Swaps CDS.Australia 15 -1 -1 -0.87103 43.3356 -0.83 1.69 -3.23 -0.29581

Australia Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 5574 7595 -0.266096 -0.416702 -1.0 -1.0 0.416667 2021-03-31
bank lending rate 6.51 6.51 0 -0.146789 -1.0 -1.0 0.116667 2020-10-30
banks balance sheet 5169.5 5283.4 -0.0215581 0.223985 1.0 1.0 0.366667 2021-01-01
building permits -7.1 -5.7 0.245614 -0.470149 -1.0 1.0 0.65 2021-05-31
business confidence 11 20 -0.45 4.5 1.0 1.0 0.933333 2021-06-30
capacity utilization 83.89 85.1 -0.0142186 0.0941641 1.0 1.0 0.95 2021-06-30
capital flows -15363 -9999 0.536454 -2.34704 -1.0 -1.0 0.0333333 2021-01-01
car registrations 23361 20218 0.155456 -0.0669037 1.0 -1.0 0.733333 2021-06-30
central bank balance sheet 550355 543487 0.0126369 0.33821 1.0 1.0 0.95 2021-07-14
composite pmi 56.7 58 -0.0224138 0.0759013 1.0 1.0 0 2021-06-30
construction pmi 55.5 58.3 -0.0480274 0.56338 1.0 1.0 0.95 2021-06-30
consumer confidence 108.8 107.2 0.0149254 0.23777 1.0 1.0 0.966667 2021-07-31
consumer price index cpi 117.9 117.2 0.0059727 0.0470693 1.0 1.0 0.1 2021-01-01
core inflation rate 1.1 1.2 -0.0833333 -0.388889 -1.0 -1.0 0.125 2021-01-01
current account 18283 16010 0.141974 -2.71526 1.0 1.0 0.0166667 2021-01-31
current account to gdp 2.5 0.6 3.16667 -1.92593 1.0 1.0 0 2020-01-31
deposit interest rate 0.1 0.1 0 -0.888889 -1.0 -1.0 0.0333333 2021-03-28
exports 38274 38955 -0.0174817 -0.0595838 1.0 -1.0 0.166667 2021-03-31
external debt 2126050 2165260 -0.0181087 0.0599353 -1.0 1.0 0.0166667 2021-01-01
fiscal expenditure 48451 42621 0.136787 -0.390898 -1.0 -1.0 0.0166667 2021-05-31
foreign direct investment 29274 52011 -0.437158 -0.476521 -1.0 -1.0 0 2020-01-31
foreign exchange reserves 64734 62122 0.0420463 0.0524519 1.0 1.0 0.666667 2021-06-30
gdp 1330.9 1396.6 -0.0470428 0.262713 -1.0 1.0 0 2020-01-31
Real GDP 491525 476618 0.0312766 0.0343039 1.0 1.0 0.05 2020-12-30
gdp growth 1.8 3.2 -0.4375 1 1.0 1.0 0.833333 2021-01-01
gdp growth annual 1.1 -1 -2.1 -0.645161 1.0 -1.0 0.0666667 2021-01-01
gold reserves 79.85 67.74 0.178772 0.0962383 1.0 1.0 1 2020-08-01
government budget -4.3 -0.2 20.5 -3.52941 -1.0 -1.0 0 2019-02-28
Government budget 6809 6957 -0.0212735 -1.19086 1.0 1.0 0.166667 2021-05-31
government debt to gdp 24.8 19.2 0.291667 1.10169 1.0 1.0 0 2020-01-31
government revenues 55260 49578 0.114607 0.259631 1.0 1.0 0.983333 2021-05-31
housing index 5.4 3 0.8 -8.71429 1.0 1.0 0.0666667 2021-01-31
imports 32700 31360 0.0427296 0.0499952 1.0 1.0 0.616667 2021-03-31
industrial production -1.6 -2.8 -0.428571 -1.31373 -1.0 -1.0 0.266667 2021-03-31
industrial production mom -0.3 0.2 -2.5 -2.5 -1.0 -1.0 0.2 2020-12-30
inflation cpi 1.1 0.9 0.222222 -0.421053 -1.0 -1.0 0.166667 2021-01-01
inflation expectations 3.7 4.4 -0.159091 0.15625 1.0 1.0 0.825 2021-07-31
interbank rate 1.22 1.1 0.109091 -0.5 -1.0 -1.0 0.0333333 2019-09-30
interest rate 0.1 0.1 0 -0.9 -1.0 -1.0 0.0583333 2021-06-01
loans to private sector 1000.74 999.18 0.00156128 -0.0141464 1.0 -1.0 0.05 2021-05-31
manufacturing pmi 63.2 61.8 0.0226537 0.227184 1.0 1.0 0.933333 2021-06-30
money supply m0 329.5 309.28 0.0653777 0.808313 1.0 1.0 0.95 2021-05-31
money supply m1 1461.09 1449.15 0.00823931 0.176695 1.0 1.0 0.666667 2021-05-31
money supply m3 2468.46 2464.51 0.00160275 0.0724601 1.0 1.0 0.783333 2021-05-31
new home sales 5841 5088 0.147995 -0.0981936 -1.0 -1.0 0.466667 2021-06-30
Producer Price Index 112.8 112.3 0.00445236 0.0339138 1.0 1.0 0.05 2021-01-01
PPI Index 0.2 -0.1 -3 -0.882353 -1.0 -1.0 0.15 2021-01-01
retail sales MoM -1.8 0.4 -5.5 -1.66667 -1.0 -1.0 0.266667 2021-06-30
retail sales 25 2.2 10.3636 -3.71739 1.0 1.0 0.0333333 2021-04-30
services pmi 57.8 61.2 -0.0555556 0.834921 1.0 1.0 0.966667 2021-06-30
total vehicle sales 110664 100809 0.0977591 0.00390079 1.0 1.0 0.65 2021-06-30
unemployment rate 4.9 5.1 -0.0392157 -0.337838 -1.0 -1.0 0.0166667 2021-06-30
youth unemployment rate 10.7 10.6 0.00943396 -0.33125 -1.0 -1.0 0.0166667 2021-05-31
Australia Commodity prices – SDR 133.1 129.1 0.0309837 0.411453 1.0 1.0 0.95 2021-04-30

ASX All Ordinaries Index Trading Signals


MacroVar estimates the following signals: ASX All Ordinaries Index momentum, ASX All Ordinaries Index trend, ASX All Ordinaries Index oscillator, ASX All Ordinaries Index RSI and ASX All Ordinaries Index returns.

ASX All Ordinaries Index Momentum

Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVarASX All Ordinaries Index momentum signal ranges from -100 to +100. The ASX All Ordinaries Index momentum signal is derived as the mean value from 4 calculations for the ASX All Ordinaries Index. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. ASX All Ordinaries Index return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. ASX All Ordinaries Index momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when ASX All Ordinaries Index momentum signal moves from positive to negative value or vice-versa.

ASX All Ordinaries Index trend

ASX All Ordinaries Index trend signal ranges from -100 to +100. ASX All Ordinaries Index trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. ASX All Ordinaries Index Closing price vs ASX All Ordinaries Index moving average (MA) calculation: If ASX All Ordinaries Index is greater than ASX All Ordinaries Index MA value is +1, else -1, 2. ASX All Ordinaries Index Moving average slope calculation: if current ASX All Ordinaries Index moving average is higher than the previous MA, ASX All Ordinaries Index upward slope +1, else -1
ASX All Ordinaries Index trend model can be used as a trend strength indicator. ASX All Ordinaries Index trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when ASX All Ordinaries Index trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The ASX All Ordinaries Index 52-week simple moving average and its slope are the most important indicators defining a market’s trend. ASX All Ordinaries Index is in an uptrend when ASX All Ordinaries Index price is higher than the 52-week moving average and the ASX All Ordinaries Index 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the ASX All Ordinaries Index oscillator and ASX All Ordinaries Index RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

ASX All Ordinaries Index oscillator

The ASX All Ordinaries Index oscillator estimated by MacroVar is the z-score of the current ASX All Ordinaries Index price versus ASX All Ordinaries Index 1-year simple moving average price. The formula for the ASX All Ordinaries Index oscillator is:
ASX All Ordinaries Index oscillator = (Current Price – 250 trading days ASX All Ordinaries Index simple moving average price) / (250 days ASX All Ordinaries Index price standard deviation)

ASX All Ordinaries Index oversold conditions
ASX All Ordinaries Index is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the ASX All Ordinaries Index is oversold it is often due for a rebound. Values of the ASX All Ordinaries Index oscillator lower than -2.5 signify oversold conditions. It must be noted that the ASX All Ordinaries Index oscillator must be analyzed ibn conjunction with the rest of ASX All Ordinaries Index quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the ASX All Ordinaries Index RSI.
ASX All Ordinaries Index overbought conditions
ASX All Ordinaries Index is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the ASX All Ordinaries Index is overbought it is often due for a correction. Values of the ASX All Ordinaries Index oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the ASX All Ordinaries Index quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

ASX All Ordinaries Index RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when ASX All Ordinaries Index is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During ASX All Ordinaries Index uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

ASX All Ordinaries Index returns

MacroVar calculates ASX All Ordinaries Index returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

ASX All Ordinaries Index returns = (ASX All Ordinaries Index Closing Price – ASX All Ordinaries Index Previous Price)/(ASX All Ordinaries Index Previous Price)
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