Australia ETF EWA

Australia ETF closed down by -1.08% to 25.75 on 23 January 2021 and +-2.31% on a weekly basis. Australia ETF momentum was last calculated at +100.0/100 indicating positive momentum. Australia ETF trend is +100.0/100 indicating a positive trend. Australia ETF momentum exhaustion is 1.65032 indicating Australia ETF is oversold.Australia ETF RSI is 66.8466 .

Australia ETF EWA Chart

Australia ETF EWA

Australia ETF EWA Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the Australia ETF. Click here to explore the financial factors monitored and their current signals.

Click here to explore the methodology used for estimating the Australia ETF trading signals presented in the Australia ETF statistics table.

Australia ETFEWA25.75111.6503266.8466-1.08-2.31-2.390.07737

Australia ETF closed at 25.75 on 23 January 2021. Australia ETF trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Australia ETF momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Australia ETF momentum exhaustion is 1.65032 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Australia ETF is oversold and a possible reversal is imminent. Australia ETF RSI was last calculated at 66.8466. Australia ETF moving averages were last recorded as follows: 1-month moving average: 23.902 in an uptrend , 1-quarter moving average: 22.3783 in an uptrend and 1-year moving average: 20.1279 in an uptrend. Australia ETF annual return was last recorded at None%, daily return was last recorded at -1.08%, and weekly return was last recorded at -2.31%. Australia ETF histrorical 20-day volatility was last recorded at 12.1964%, Australia ETF alpha None, Australia ETF beta None and Australia ETF maximum drawdown was recorded at None%. MacroVar models monitor Australia ETF statistics based on historical data since 1970.

Australia ETF EWA News

Australia ETF Factors

Australia ETF

FactorSymbolLast ValuePredicted ValueR2MacroVar Signal
Australia PMI vs ETFAU.FACT.ETFPMI19.8848.2802-1.29334

Australia ETF related Indicators

Australia ETF

ASX All Ordinaries IndexStock IndexAORD7308.710.751.0354856.0825-0.630.143.91-0.02083
Australia PMI vs ETFETF vs PMI FactorAU.FACT.ETFPMI19.88

Australia Markets

ASX All Ordinaries IndexAORD7308.710.751.0354856.0825-0.630.143.91-0.02083
Australia ETFEWA25.75111.6503266.8466-1.08-2.31-2.390.07737
Australian Dollar US Dollar (AUD/USD)AUDUSD 1.36-1-1-1.6659227.68381.763.045.94-0.10272
Australia 5-Year Bond YieldAU.5Y0.61-0.25-0.6022249.8497-17.58-30.39-15.49-0.61338
Australia 2-year bond yieldAU.2Y0.04-1-1-1.1140628.0851-21.57-48.72-55.06-0.90854
Australia 12-year bond yieldAU.2Y1.280.50.25-0.2041449.5678-5.04-22.38-30.28-0.15761
Australia Yield CurveAU.YC1.14111.7077758.993-12.44-23.69-28.621.11034
Australia Credit Default SwapsCDS.Australia15-1-1-0.8710343.3356-0.831.69-3.23-0.29581

Australia Economic Indicators

balance of trade55747595-0.266096-0.416702-1.0-1.00.4166672021-03-31
bank lending rate6.516.510-0.146789-1.0-1.00.1166672020-10-30
banks balance sheet5169.55283.4-0.02155810.2239851.01.00.3666672021-01-01
building permits-7.1-5.70.245614-0.470149-
business confidence1120-0.454.
capacity utilization83.8985.1-0.01421860.09416411.01.00.952021-06-30
capital flows-15363-99990.536454-2.34704-1.0-1.00.03333332021-01-01
car registrations23361202180.155456-0.06690371.0-1.00.7333332021-06-30
central bank balance sheet5503555434870.01263690.338211.01.00.952021-07-14
composite pmi56.758-0.02241380.07590131.01.002021-06-30
construction pmi55.558.3-0.04802740.563381.01.00.952021-06-30
consumer confidence108.8107.20.01492540.237771.01.00.9666672021-07-31
consumer price index cpi117.9117.20.00597270.04706931.01.00.12021-01-01
core inflation rate1.11.2-0.0833333-0.388889-1.0-1.00.1252021-01-01
current account18283160100.141974-2.715261.01.00.01666672021-01-31
current account to gdp2.50.63.16667-1.925931.01.002020-01-31
deposit interest rate0.10.10-0.888889-1.0-1.00.03333332021-03-28
external debt21260502165260-0.01810870.0599353-
fiscal expenditure48451426210.136787-0.390898-1.0-1.00.01666672021-05-31
foreign direct investment2927452011-0.437158-0.476521-1.0-1.002020-01-31
foreign exchange reserves64734621220.04204630.05245191.01.00.6666672021-06-30
Real GDP4915254766180.03127660.03430391.01.00.052020-12-30
gdp growth1.83.2-0.437511.01.00.8333332021-01-01
gdp growth annual1.1-1-2.1-0.6451611.0-1.00.06666672021-01-01
gold reserves79.8567.740.1787720.09623831.01.012020-08-01
government budget-4.3-0.220.5-3.52941-1.0-1.002019-02-28
Government budget68096957-0.0212735-1.190861.01.00.1666672021-05-31
government debt to gdp24.819.20.2916671.101691.01.002020-01-31
government revenues55260495780.1146070.2596311.01.00.9833332021-05-31
housing index5.430.8-8.714291.01.00.06666672021-01-31
industrial production-1.6-2.8-0.428571-1.31373-1.0-1.00.2666672021-03-31
industrial production mom-0.30.2-2.5-2.5-1.0-1.00.22020-12-30
inflation cpi1.10.90.222222-0.421053-1.0-1.00.1666672021-01-01
inflation expectations3.74.4-0.1590910.156251.01.00.8252021-07-31
interbank rate1.221.10.109091-0.5-1.0-1.00.03333332019-09-30
interest rate0.10.10-0.9-1.0-1.00.05833332021-06-01
loans to private sector1000.74999.180.00156128-0.01414641.0-1.00.052021-05-31
manufacturing pmi63.261.80.02265370.2271841.01.00.9333332021-06-30
money supply m0329.5309.280.06537770.8083131.01.00.952021-05-31
money supply m11461.091449.150.008239310.1766951.01.00.6666672021-05-31
money supply m32468.462464.510.001602750.07246011.01.00.7833332021-05-31
new home sales584150880.147995-0.0981936-1.0-1.00.4666672021-06-30
Producer Price Index112.8112.30.004452360.03391381.01.00.052021-01-01
PPI Index0.2-0.1-3-0.882353-1.0-1.00.152021-01-01
retail sales MoM-1.80.4-5.5-1.66667-1.0-1.00.2666672021-06-30
retail sales252.210.3636-3.717391.01.00.03333332021-04-30
services pmi57.861.2-0.05555560.8349211.01.00.9666672021-06-30
total vehicle sales1106641008090.09775910.003900791.01.00.652021-06-30
unemployment rate4.95.1-0.0392157-0.337838-1.0-1.00.01666672021-06-30
youth unemployment rate10.710.60.00943396-0.33125-1.0-1.00.01666672021-05-31
Australia Commodity prices – SDR133.1129.10.03098370.4114531.01.00.952021-04-30

Australia ETF Trading Signals

MacroVar estimates the following signals: Australia ETF momentum, Australia ETF trend, Australia ETF oscillator, Australia ETF RSI and Australia ETF returns.

Australia ETF 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.

MacroVarAustralia ETF momentum signal ranges from -100 to +100. The Australia ETF momentum signal is derived as the mean value from 4 calculations for the Australia ETF. 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. Australia ETF 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. Australia ETF EWA momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Australia ETF momentum signal moves from positive to negative value or vice-versa.

Australia ETF trend

Australia ETF trend signal ranges from -100 to +100. Australia ETF 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. Australia ETF Closing price vs Australia ETF moving average (MA) calculation: If Australia ETF is greater than Australia ETF MA value is +1, else -1, 2. Australia ETF Moving average slope calculation: if current Australia ETF moving average is higher than the previous MA, Australia ETF upward slope +1, else -1
Australia ETF trend model can be used as a trend strength indicator. Australia ETF trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Australia ETF trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Australia ETF 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Australia ETF is in an uptrend when Australia ETF price is higher than the 52-week moving average and the Australia ETF 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 Australia ETF oscillator and Australia ETF RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Australia ETF oscillator

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

Australia ETF oversold conditions
Australia ETF is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Australia ETF is oversold it is often due for a rebound. Values of the Australia ETF oscillator lower than -2.5 signify oversold conditions. It must be noted that the Australia ETF oscillator must be analyzed ibn conjunction with the rest of Australia ETF 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 Australia ETF RSI.
Australia ETF overbought conditions
Australia ETF is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Australia ETF is overbought it is often due for a correction. Values of the Australia ETF oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Australia ETF 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.

Australia ETF 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 Australia ETF is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Australia ETF 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.

Australia ETF returns

MacroVar calculates Australia ETF returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Australia ETF returns = (Australia ETF Closing Price – Australia ETF Previous Price)/(Australia ETF Previous Price)
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