Europe Financial Services industry

Europe Financial Services industry closed up by 0.4% to 1551.53 on 23 January 2021 and +2.41% on a weekly basis. Europe Financial Services industry momentum was last calculated at +100.0/100 indicating positive momentum. Europe Financial Services industry trend is +100.0/100 indicating a positive trend. Europe Financial Services industry momentum exhaustion is 1.66555 indicating Europe Financial Services industry is oversold.Europe Financial Services industry RSI is 70.8882 .

Europe Financial Services industry Chart

Europe Financial Services industry

Europe Financial Services industry Statistics

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

Click here to explore the methodology used for estimating the Europe Financial Services industry trading signals presented in the Europe Financial Services industry statistics table.

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Europe Financial Services industry EU.FINSERV 1551.53 1 1 1.66555 70.8882 0.4 2.41 6.96 0.0827

Europe Financial Services industry closed at 1551.53 on 23 January 2021. Europe Financial Services industry trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Europe Financial Services industry momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Europe Financial Services industry momentum exhaustion is 1.66555 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Europe Financial Services industry is oversold and a possible reversal is imminent. Europe Financial Services industry RSI was last calculated at 70.8882. Europe Financial Services industry moving averages were last recorded as follows: 1-month moving average: 1296.4 in an uptrend , 1-quarter moving average: 1239.3 in an uptrend and 1-year moving average: 1155.82 in an uptrend. Europe Financial Services industry annual return was last recorded at None%, daily return was last recorded at 0.4%, and weekly return was last recorded at 2.41%. Europe Financial Services industry histrorical 20-day volatility was last recorded at 16.2008%, Europe Financial Services industry alpha None, Europe Financial Services industry beta None and Europe Financial Services industry maximum drawdown was recorded at None%. MacroVar models monitor Europe Financial Services industry statistics based on historical data since 1970.

Europe Financial Services industry News

Europe Financial Services industry Factors

Europe Financial Services industry

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Europe Financial Services Stocks vs Credit EU.STCR.FINANCIALSERV
Europe Financial Services Senior Stocks vs Credit EU.STCR.FINSERVSEN
Europe Financial Services Subordinated Stocks vs Credit EU.STCR.FINSERVSUB
Europe Financials Senior Stocks vs Credit EU.STCR.FINANCIALSSEN
Europe Financials Subordinated Stocks vs Credit EU.STCR.FINANCIALSSUB

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 Financial Services industry Trading Signals


MacroVar estimates the following signals: Europe Financial Services industry momentum, Europe Financial Services industry trend, Europe Financial Services industry oscillator, Europe Financial Services industry RSI and Europe Financial Services industry returns.

Europe Financial Services industry 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.

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

Europe Financial Services industry trend

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

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

Europe Financial Services industry oscillator

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

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

MacroVar calculates Europe Financial Services industry returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Europe Financial Services industry returns = (Europe Financial Services industry Closing Price – Europe Financial Services industry Previous Price)/(Europe Financial Services industry Previous Price)
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