Europe Aerospace & Defense industry

Europe Aerospace & Defense industry closed up by 0.06% to 1667.26 on 23 January 2021 and +-2.91% on a weekly basis. Europe Aerospace & Defense industry momentum was last calculated at +0.0/100 indicating positive momentum. Europe Aerospace & Defense industry trend is +25.0/100 indicating a positive trend. Europe Aerospace & Defense industry momentum exhaustion is 0.43929 indicating Europe Aerospace & Defense industry is oversold.Europe Aerospace & Defense industry RSI is 52.1128 .

Europe Aerospace & Defense industry Chart

Europe Aerospace & Defense industry

Europe Aerospace & Defense industry Statistics

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Europe Aerospace & Defense industry EU.AEROSPACE 1667.26 0 0.25 0.43929 52.1128 0.06 -2.91 3.64 -0.27084

Europe Aerospace & Defense industry closed at 1667.26 on 23 January 2021. Europe Aerospace & Defense industry trend was last calculated at +25.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Europe Aerospace & Defense industry momentum was last calculated at +0.0/100 (range: -100 to +100) indicating positive momentum. Europe Aerospace & Defense industry momentum exhaustion is 0.43929 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Europe Aerospace & Defense industry is oversold and a possible reversal is imminent. Europe Aerospace & Defense industry RSI was last calculated at 52.1128. Europe Aerospace & Defense industry moving averages were last recorded as follows: 1-month moving average: 1533.83 in a downtrend , 1-quarter moving average: 1418.03 in an uptrend and 1-year moving average: 1379.45 in a downtrend. Europe Aerospace & Defense industry annual return was last recorded at None%, daily return was last recorded at 0.06%, and weekly return was last recorded at -2.91%. Europe Aerospace & Defense industry histrorical 20-day volatility was last recorded at 20.0645%, Europe Aerospace & Defense industry alpha None, Europe Aerospace & Defense industry beta None and Europe Aerospace & Defense industry maximum drawdown was recorded at None%. MacroVar models monitor Europe Aerospace & Defense industry statistics based on historical data since 1970.

Europe Aerospace & Defense industry News

Europe Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Euro Stoxx 50 STOXX50E 4026.6 1 0.75 1.11869 63.5414 -1.78 -1.21 0.29 -0.04339
STOXX Europe 600 STOXX 456.42 1 0.75 1.27737 65.4756 -0.58 0.36 3.23 -0.02743
Eurozone ETF EZU 48.9 1 1 1.6079 63.0535 -1.33 -2.04 -0.57 0.06937
EUR/USD - Euro US Dollar EURUSD 0.85 0 -0.75 -1.59048 45.5258 0.62 1.37 3.07 -0.08429

Europe Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 8437.7 30184.6 -0.720463 -4.76515 -1.0 1.0 0.0166667 2021-01-31
business confidence 11.4 10.5 0.0857143 -1.52294 1.0 1.0 0.366667 2021-06-30
capacity utilization 82.3 77.7 0.0592021 -0.0178998 1.0 -1.0 0.283333 2021-04-01
consumer confidence -4.5 -6 -0.25 -0.705882 1.0 1.0 0.0166667 2021-06-30
consumer price index cpi 108.38 108.08 0.00277572 0.0230319 1.0 1.0 1 2021-05-31
core inflation rate 1.3 1.2 0.0833333 0.0833333 1.0 1.0 0.483333 2021-05-31
exports 148336 175327 -0.153947 -0.107227 -1.0 -1.0 0.0833333 2021-01-31
Real GDP 3166.92 3172.09 -0.00162984 -0.0260336 -1.0 -1.0 0.0333333 2021-03-31
government budget -6.9 -0.5 12.8 2.45 -1.0 -1.0 0 2020-01-31
government debt 12078200 10838300 0.1144 0.677612 1.0 1.0 0 2020-12-31
government debt to gdp 90.7 77.5 0.170323 0.479608 1.0 1.0 0 2020-12-31
imports 139899 145142 -0.0361232 -0.169211 -1.0 -1.0 0.05 2021-01-31
industrial production 21.2 38.8 -0.453608 -2.06 1.0 1.0 0.15 2021-05-31
industrial production mom 0.6 -1 -1.6 -0.727273 1.0 -1.0 0.566667 2021-03-31
long term unemployment rate 2.8 2.7 0.037037 -0.2 1.0 -1.0 0 2021-03-31
Producer Price Index 110.3 108.8 0.0137868 0.0964215 1.0 1.0 1 2021-05-31
PPI Index 9.6 7.6 0.263158 -3.04255 1.0 1.0 0.1 2021-05-31
retail sales MoM 4.6 -3.1 -2.48387 -0.744444 1.0 -1.0 0.6 2021-05-31
retail sales yoy 9.2 22.4 -0.589286 -5.18182 1.0 1.0 0.0333333 2021-05-31
unemployment rate 7.3 7.4 -0.0135135 0.140625 -1.0 1.0 0.933333 2021-03-31
youth unemployment rate 17.3 18.2 -0.0494506 0.0176471 -1.0 1.0 0.783333 2021-05-31
Central Bank Assets for Euro Area 7680140 7657630 0.00293955 0.0760296 1.0 1.0 0.633333 2021-06-04
Construction sector 0.8 -5 -1.16 -1.0442 1.0 1.0 0.416667 2021-04-01
Consumer sector -9 -12.1 -0.256198 -0.590909 1.0 1.0 0.05 2021-04-01
Manufacturing sector 9.4 1.1 7.54545 -1.29102 1.0 1.0 0.4 2021-04-01
Retail sector -1.5 -11 -0.863636 -0.948454 1.0 1.0 0.3 2021-04-01
Services sector 2.8 -9.4 -1.29787 -1.07254 1.0 1.0 0.216667 2021-04-01
ESI - Economic Composite 109.7 99.9 0.0980981 0.634873 1.0 1.0 1 2021-04-01

 

Europe Aerospace & Defense Industry Analysis

MacroVar monitors the performance, risk, trend and momentum of the Europe Aerospace & Defense industry by examining the stock and credit performance of major Europe Aerospace & Defense companies across the US, Europe, Eastern Europe and Asia Pacific. Europe Aerospace & Defense Stock performance is monitored by analyzing STOXX equity indices of major Europe Aerospace & Defense companies while Europe Aerospace & Defense credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Europe Aerospace & Defense high yield corporate bond market.

MacroVar also monitors fundamental indicators closely linked to the Europe Aerospace & Defense sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Europe Aerospace & Defense industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Europe Aerospace & Defense momentum, Europe Aerospace & Defense trend, Europe Aerospace & Defense oscillator, Europe Aerospace & Defense RSI and Europe Aerospace & Defense returns.

Europe Aerospace & Defense description

The Alternative Fuels subsector includes companies engaged in the production of Europe Aerospace & Defense such as ethanol, methanol, hydrogen and biofuels that are mainly used to power vehicles, and companies that are involved in the production of vehicle fuel cells and/or the development of alternative fuelling infrastructure.

Europe Aerospace & Defense Momentum

Momentum 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.

MacroVar Europe Aerospace & Defense momentum signal ranges from -100 to +100. The Europe Aerospace & Defense momentum signal is derived as the mean value from 4 calculations for the Europe Aerospace & Defense . 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. Europe Aerospace & Defense 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. Europe Aerospace & Defense momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Europe Aerospace & Defense momentum signal moves from positive to negative value or vice-versa.

Europe Aerospace & Defense trend

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

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

Europe Aerospace & Defense oscillator

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

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

Europe Aerospace & Defense 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 Europe Aerospace & Defense is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringEurope Aerospace & Defense 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.

Europe Aerospace & Defense returns

MacroVar calculates Europe Aerospace & Defense returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Europe Aerospace & Defense returns = (Europe Aerospace & Defense Closing Price – Europe Aerospace & Defense Previous Price)/(Europe Aerospace & Defense Previous Price)

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