Europe Electronic & Electrical Equipment industry

Europe Electronic & Electrical Equipment industry closed down by -0.4% to 3532.97 on 23 January 2021 and +2.81% on a weekly basis. Europe Electronic & Electrical Equipment industry momentum was last calculated at +100.0/100 indicating positive momentum. Europe Electronic & Electrical Equipment industry trend is +100.0/100 indicating a positive trend. Europe Electronic & Electrical Equipment industry momentum exhaustion is 1.99728 indicating Europe Electronic & Electrical Equipment industry is oversold.Europe Electronic & Electrical Equipment industry RSI is 75.9182 .

Europe Electronic & Electrical Equipment industry Chart

Europe Electronic & Electrical Equipment industry

Europe Electronic & Electrical Equipment industry Statistics

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Europe Electronic & Electrical Equipment industry EU.ELECTRONICS 3532.97 1 1 1.99728 75.9182 -0.4 2.81 5.16 0.22678

Europe Electronic & Electrical Equipment industry closed at 3532.97 on 23 January 2021. Europe Electronic & Electrical Equipment industry trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Europe Electronic & Electrical Equipment industry momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Europe Electronic & Electrical Equipment industry momentum exhaustion is 1.99728 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Europe Electronic & Electrical Equipment industry is oversold and a possible reversal is imminent. Europe Electronic & Electrical Equipment industry RSI was last calculated at 75.9182. Europe Electronic & Electrical Equipment industry moving averages were last recorded as follows: 1-month moving average: 2889.57 in an uptrend , 1-quarter moving average: 2786.28 in an uptrend and 1-year moving average: 2469.91 in an uptrend. Europe Electronic & Electrical Equipment industry annual return was last recorded at None%, daily return was last recorded at -0.4%, and weekly return was last recorded at 2.81%. Europe Electronic & Electrical Equipment industry histrorical 20-day volatility was last recorded at 14.7074%, Europe Electronic & Electrical Equipment industry alpha None, Europe Electronic & Electrical Equipment industry beta None and Europe Electronic & Electrical Equipment industry maximum drawdown was recorded at None%. MacroVar models monitor Europe Electronic & Electrical Equipment industry statistics based on historical data since 1970.

Europe Electronic & Electrical Equipment 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 Electronic & Electrical Equipment Industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Europe Electronic & Electrical Equipment 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 Electronic & Electrical Equipment industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Europe Electronic & Electrical Equipment momentum, Europe Electronic & Electrical Equipment trend, Europe Electronic & Electrical Equipment oscillator, Europe Electronic & Electrical Equipment RSI and Europe Electronic & Electrical Equipment returns.

Europe Electronic & Electrical Equipment description

The Alternative Fuels subsector includes companies engaged in the production of Europe Electronic & Electrical Equipment 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 Electronic & Electrical Equipment 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 Electronic & Electrical Equipment momentum signal ranges from -100 to +100. The Europe Electronic & Electrical Equipment momentum signal is derived as the mean value from 4 calculations for the Europe Electronic & Electrical Equipment . 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 Electronic & Electrical Equipment 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 Electronic & Electrical Equipment momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Europe Electronic & Electrical Equipment momentum signal moves from positive to negative value or vice-versa.

Europe Electronic & Electrical Equipment trend

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

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

Europe Electronic & Electrical Equipment oscillator

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

Europe Electronic & Electrical Equipment oversold conditions
Europe Electronic & Electrical Equipment is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Europe Electronic & Electrical Equipment is oversold it is often due for a rebound. Values of the Europe Electronic & Electrical Equipment oscillator lower than -2.5 signify oversold conditions. It must be noted that the Europe Electronic & Electrical Equipment oscillator must be analyzed ibn conjunction with the rest ofEurope Electronic & Electrical Equipment 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 Electronic & Electrical Equipment RSI.
Europe Electronic & Electrical Equipment overbought conditions
Europe Electronic & Electrical Equipment is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Europe Electronic & Electrical Equipment is overbought it is often due for a correction. Values of the Europe Electronic & Electrical Equipment 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 Electronic & Electrical Equipment 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 Electronic & Electrical Equipment 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 Electronic & Electrical Equipment is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringEurope Electronic & Electrical Equipment 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 Electronic & Electrical Equipment returns

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

Europe Electronic & Electrical Equipment returns = (Europe Electronic & Electrical Equipment Closing Price – Europe Electronic & Electrical Equipment Previous Price)/(Europe Electronic & Electrical Equipment Previous Price)

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