S&P/CLX IGPA

S&P/CLX IGPA closed down by -3.12% to 0.31 on 13 January 2021 and +-6.06% on a weekly basis. S&P/CLX IGPA momentum was last calculated at -50.0/100 indicating negative momentum. S&P/CLX IGPA trend is -50.0/100 indicating a negative trend. S&P/CLX IGPA momentum exhaustion is -1.42 indicating S&P/CLX IGPA Yield is neither oversold or overbought. Taiwan 10-Year Bond Yield RSI is 50.31 .

S&P/CLX IGPA

The S&P/CLX IGPA measures the performance of chile equities market listed on the Santiago Exchange.

S&P/CLX IGPA Chart

S&P/CLX IGPA

S&P/CLX IGPA Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
SP CLX IGPASP CLX IGPA21372.11.38-0.89-12.68

Taiwan 10-Year Bond Yield closed at 0.31 on 13 January 2021. Taiwan 10-Year Bond Yield trend was last calculated at -50.0/100 (range: -100 to +100) indicating a negative trend based on MacroVar models. Taiwan 10-Year Bond Yield momentum was last calculated at -50.0/100 (range: -100 to +100) indicating negative momentum. Taiwan 10-Year Bond Yield momentum exhaustion is -1.42 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Taiwan 10-Year Bond Yield is neither oversold or overbought. Taiwan 10-Year Bond Yield RSI was last calculated at 50.31. Taiwan 10-Year Bond Yield moving averages were last recorded as follows: 1-month moving average: 0.31 in an uptrend , 1-quarter moving average: 0.31 in a downtrend and 1-year moving average: 0.45 in a downtrend. Taiwan 10-Year Bond Yield annual return was last recorded at None%, daily return was last recorded at -3.12%, and weekly return was last recorded at -6.06%. Taiwan 10-Year Bond Yield Historical 20-day volatility was last recorded at 70.4256%, MacroVar models monitor Taiwan 10-Year Bond Yield statistics based on historical data since 1970.

 

S&P/CLX IGPA Trading Signals

MacroVar estimates the following signals: Taiwan 5-Year Bond Yield momentum, S&P/CLX IGPA trend, S&P/CLX IGPA oscillator, S&P/CLX IGPA RSI and S&P/CLX IGPA returns.

S&P/CLX IGPA 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.

MacroVarS&P/CLX IGPA momentum signal ranges from -100 to +100. The S&P/CLX IGPA momentum signal is derived as the mean value from 4 calculations for the Baltic Dry 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. Taiwan 5-Year Bond Yield 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. S&P/CLX IGPA BADI momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Taiwan 5-Year Bond Yield momentum signal moves from positive to negative value or vice-versa.

S&P/CLX IGPA trend

S&P/CLX IGPA trend signal ranges from -100 to +100. Taiwan 5-Year Bond Yield 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. Taiwan 5-Year Bond Yield Closing price vs S&P/CLX IGPA moving average (MA) calculation: If S&P/CLX IGPA is greater than Taiwan 5-Year Bond Yield MA value is +1, else -1, 2. S&P/CLX IGPA Moving average slope calculation: if current S&P/CLX IGPA moving average is higher than the previous MA, S&P/CLX IGPA upward slope +1, else -1
S&P/CLX IGPA trend model can be used as a trend strength indicator. S&P/CLX IGPA trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when S&P/CLX IGPA trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The S&P/CLX IGPA 52-week simple moving average and its slope are the most important indicators defining a market’s trend. S&P/CLX IGPA is in an uptrend when S&P/CLX IGPA price is higher than the 52-week moving average and the S&P/CLX IGPA 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 Taiwan 5-Year Bond Yield oscillator and S&P/CLX IGPA RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

S&P/CLX IGPA oscillator

The S&P/CLX IGPA oscillator estimated by MacroVar is the z-score of the current S&P/CLX IGPA price versus S&P/CLX IGPA 1-year simple moving average price. The formula for the S&P/CLX IGPA oscillator is:
S&P/CLX IGPA oscillator = (Current Price – 250 trading days Taiwan 5-Year Bond Yield simple moving average price) / (250 days Taiwan 5-Year Bond Yield price standard deviation)

S&P/CLX IGPA oversold conditions
S&P/CLX IGPA is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the S&P/CLX IGPA is oversold it is often due for a rebound. Values of the S&P/CLX IGPA oscillator lower than -2.5 signify oversold conditions. It must be noted that the S&P/CLX IGPA oscillator must be analyzed ibn conjunction with the rest of S&P/CLX IGPA 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 S&P/CLX IGPA RSI.
S&P/CLX IGPA overbought conditions
S&P/CLX IGPA is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the S&P/CLX IGPA is overbought it is often due for a correction. Values of the Taiwan 5-Year Bond Yield oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Taiwan 5-Year Bond Yield 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.

S&P/CLX IGPA 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 S&P/CLX IGPA is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During S&P/CLX IGPA 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.

S&P/CLX IGPA returns

MacroVar calculates S&P/CLX IGPA returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

S&P/CLX IGPA returns = (S&P/CLX IGPA Closing Price – S&P/CLX IGPA Previous Price)/(S&P/CLX IGPA Previous Price)

Chile News

Chile Financial Markets

MarketSymbolLastMomTrendExhRSI1D%1W%1M%1Y%
IPSA Select (IPSA)IPSA4274.2600.750.4533457.18411.8-0.47-11.76-0.10534
Chile Capped ETFECH28.2110.751.7668976.19333.3-2.01-18.84-0.05157
Chilean Peso US Dollar (CLP/USD)CLPUSD752.71-1-1-2.3361324.37491.022.248.1-0.08334
Chile 10-year bond yieldCL.10Y4.39-0.5-0.25-0.1040238.2568-6.4-0.2321.94-0.11041
Chile 2-year bond yieldCL.2Y2.1200.5-0.3491155.5391-7.0246.21194.44-0.72021
Chile Yield CurveCL.YC2.27-0.500.4441538.9199-5.81-23.05-20.910.79528
Chile Credit Default SwapsCDS.Chile66.5-1-0.75-0.9946736.80753.915.5629.130.09243

Chile Economic Indicators

IndicatorActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate
balance of trade10951314-0.166667-0.502856-1.0-1.00.3833332021-06-30
bank lending rate5.194.80.081250.1331881.01.00.9666672021-06-30
building permits12311117790.04516510.1326711.01.00.7166672021-05-31
business confidence54.3354.88-0.01002190.4565681.01.00.9333332021-06-30
central bank balance sheet4953250282-0.01491591.163631.01.012021-03-31
consumer confidence24.929.2-0.147260.152778-1.01.00.7333332021-04-30
consumer price index cpi108.88108.790.0008272820.03803991.01.00.752021-06-30
core inflation rate3.12.80.1071430.476191.01.012021-05-31
current account-1554503.177-4.088380.3761831.0-1.00.7166672020-11-30
current account to gdp1.4-3.9-1.35897-1.341461.01.002019-02-28
deposit interest rate0.862.53-0.660079-0.88518-1.0-1.002020-01-01
exports74457920-0.05997470.2150521.01.00.8166672021-06-30
external debt2161842148490.006213670.0448771.01.00.4333332021-05-31
fiscal expenditure633843054062300.1724310.6481781.01.012021-05-31
foreign exchange reserves44952.347953.1-0.06257780.205211.01.00.9833332021-06-30
Real GDP38997.737780.60.03221490.02427411.01.00.06666672020-11-30
gdp growth annual0.3-9-1.03333-0.8846151.0-1.00.2333332020-11-30
gold reserves0.250.25001.0-1.00.5252019-04-01
government budget-7.1-1.63.4375-2.48536-1.0-1.002019-02-28
Government budget-33472801411000-3.372270.222487-1.0-1.00.6166672021-05-31
government debt to gdp3327.90.1827965.734691.01.002018-03-28
government revenues29911506817230-0.5612371.70045-1.01.012021-05-31
housing starts1275015492-0.176995-0.1534991.0-1.00.32018-06-30
imports63506606-0.03875260.617951.01.00.9833332021-06-30
industrial production3.55-0.3-1.583331.01.00.5166672021-05-31
industrial production mom-1.30.1-14-0.5-1.01.00.7166672021-05-31
interbank rate0.350.270.2962960.251.01.00.9666672021-06-01
interest rate0.50.50-0.714286-1.0-1.00.1416672021-02-28
loans to private sector1172291162920.0080573-0.0442613-1.0-1.00.01666672021-05-31
money supply m179243.577008.40.02902410.5390911.01.00.8666672021-06-30
money supply m21664291651500.007744470.07931311.01.00.5666672021-06-30
money supply m32801472769250.01163490.05508021.01.00.152021-06-30
Producer Price Index155.98146.810.06246170.3440761.01.012021-05-31
PPI Index34.425.40.35433137.22221.01.012021-05-31
retail sales MoM34-14-3.428571.931031.01.00.8166672021-05-31
retail sales72.143.30.665127-3.477661.01.00.1166672021-05-31
total vehicle sales2724132511-0.1620992.058721.01.012021-04-30
unemployment rate1010.2-0.0196078-0.107143-1.0-1.00.01666672021-05-31
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