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 .
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 Statistics
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
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
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
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 Financial Markets
|IPSA Select (IPSA)||IPSA||4274.26||0||0.75||0.45334||57.1841||1.8||-0.47||-11.76||-0.10534|
|Chile Capped ETF||ECH||28.21||1||0.75||1.76689||76.1933||3.3||-2.01||-18.84||-0.05157|
|Chilean Peso US Dollar (CLP/USD)||CLPUSD||752.71||-1||-1||-2.33613||24.3749||1.02||2.24||8.1||-0.08334|
|Chile 10-year bond yield||CL.10Y||4.39||-0.5||-0.25||-0.10402||38.2568||-6.4||-0.23||21.94||-0.11041|
|Chile 2-year bond yield||CL.2Y||2.12||0||0.5||-0.34911||55.5391||-7.02||46.21||194.44||-0.72021|
|Chile Yield Curve||CL.YC||2.27||-0.5||0||0.44415||38.9199||-5.81||-23.05||-20.91||0.79528|
|Chile Credit Default Swaps||CDS.Chile||66.5||-1||-0.75||-0.99467||36.8075||3.91||5.56||29.13||0.09243|
Chile Economic Indicators
|balance of trade||1095||1314||-0.166667||-0.502856||-1.0||-1.0||0.383333||2021-06-30|
|bank lending rate||5.19||4.8||0.08125||0.133188||1.0||1.0||0.966667||2021-06-30|
|central bank balance sheet||49532||50282||-0.0149159||1.16363||1.0||1.0||1||2021-03-31|
|consumer price index cpi||108.88||108.79||0.000827282||0.0380399||1.0||1.0||0.75||2021-06-30|
|core inflation rate||3.1||2.8||0.107143||0.47619||1.0||1.0||1||2021-05-31|
|current account to gdp||1.4||-3.9||-1.35897||-1.34146||1.0||1.0||0||2019-02-28|
|deposit interest rate||0.86||2.53||-0.660079||-0.88518||-1.0||-1.0||0||2020-01-01|
|foreign exchange reserves||44952.3||47953.1||-0.0625778||0.20521||1.0||1.0||0.983333||2021-06-30|
|gdp growth annual||0.3||-9||-1.03333||-0.884615||1.0||-1.0||0.233333||2020-11-30|
|government debt to gdp||33||27.9||0.182796||5.73469||1.0||1.0||0||2018-03-28|
|industrial production mom||-1.3||0.1||-14||-0.5||-1.0||1.0||0.716667||2021-05-31|
|loans to private sector||117229||116292||0.0080573||-0.0442613||-1.0||-1.0||0.0166667||2021-05-31|
|money supply m1||79243.5||77008.4||0.0290241||0.539091||1.0||1.0||0.866667||2021-06-30|
|money supply m2||166429||165150||0.00774447||0.0793131||1.0||1.0||0.566667||2021-06-30|
|money supply m3||280147||276925||0.0116349||0.0550802||1.0||1.0||0.15||2021-06-30|
|Producer Price Index||155.98||146.81||0.0624617||0.344076||1.0||1.0||1||2021-05-31|
|retail sales MoM||34||-14||-3.42857||1.93103||1.0||1.0||0.816667||2021-05-31|
|total vehicle sales||27241||32511||-0.162099||2.05872||1.0||1.0||1||2021-04-30|