Europe Financials industry

Europe Financials industry closed down by -1.0% to 512.38 on 23 January 2021 and +-1.47% on a weekly basis. Europe Financials industry momentum was last calculated at +100.0/100 indicating positive momentum. Europe Financials industry trend is +75.0/100 indicating a positive trend. Europe Financials industry momentum exhaustion is 1.05322 indicating Europe Financials industry is oversold.Europe Financials industry RSI is 66.7622 .

Europe Financials industry Chart

Europe Financials industry

Europe Financials industry Statistics

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

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

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Europe Financials industryEU.FINANCIALS512.3810.751.0532266.7622-1-1.470.58-0.09869

Europe Financials industry closed at 512.38 on 23 January 2021. Europe Financials industry trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Europe Financials industry momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Europe Financials industry momentum exhaustion is 1.05322 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Europe Financials industry is oversold and a possible reversal is imminent. Europe Financials industry RSI was last calculated at 66.7622. Europe Financials industry moving averages were last recorded as follows: 1-month moving average: 437.238 in an uptrend , 1-quarter moving average: 410.936 in an uptrend and 1-year moving average: 397.065 in a downtrend. Europe Financials industry annual return was last recorded at None%, daily return was last recorded at -1.0%, and weekly return was last recorded at -1.47%. Europe Financials industry histrorical 20-day volatility was last recorded at 23.1398%, Europe Financials industry alpha None, Europe Financials industry beta None and Europe Financials industry maximum drawdown was recorded at None%. MacroVar models monitor Europe Financials industry statistics based on historical data since 1970.

Europe Financials industry News

Europe Financials industry Factors

Europe Financials industry

FactorSymbolLast ValuePredicted ValueR2MacroVar Signal
Europe Financials Stocks vs CreditEU.STCR.FINANCIALS

Europe Markets

MarketSymbolLastMomTrendExhRSI1D%1W%1M%1Y%
Euro Stoxx 50STOXX50E4026.610.751.1186963.5414-1.78-1.210.29-0.04339
STOXX Europe 600STOXX456.4210.751.2773765.4756-0.580.363.23-0.02743
Eurozone ETFEZU48.9111.607963.0535-1.33-2.04-0.570.06937
EUR/USD - Euro US DollarEURUSD0.850-0.75-1.5904845.52580.621.373.07-0.08429

Europe Economic Indicators

IndicatorActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate
balance of trade8437.730184.6-0.720463-4.76515-1.01.00.01666672021-01-31
business confidence11.410.50.0857143-1.522941.01.00.3666672021-06-30
capacity utilization82.377.70.0592021-0.01789981.0-1.00.2833332021-04-01
consumer confidence-4.5-6-0.25-0.7058821.01.00.01666672021-06-30
consumer price index cpi108.38108.080.002775720.02303191.01.012021-05-31
core inflation rate1.31.20.08333330.08333331.01.00.4833332021-05-31
exports148336175327-0.153947-0.107227-1.0-1.00.08333332021-01-31
Real GDP3166.923172.09-0.00162984-0.0260336-1.0-1.00.03333332021-03-31
government budget-6.9-0.512.82.45-1.0-1.002020-01-31
government debt12078200108383000.11440.6776121.01.002020-12-31
government debt to gdp90.777.50.1703230.4796081.01.002020-12-31
imports139899145142-0.0361232-0.169211-1.0-1.00.052021-01-31
industrial production21.238.8-0.453608-2.061.01.00.152021-05-31
industrial production mom0.6-1-1.6-0.7272731.0-1.00.5666672021-03-31
long term unemployment rate2.82.70.037037-0.21.0-1.002021-03-31
Producer Price Index110.3108.80.01378680.09642151.01.012021-05-31
PPI Index9.67.60.263158-3.042551.01.00.12021-05-31
retail sales MoM4.6-3.1-2.48387-0.7444441.0-1.00.62021-05-31
retail sales yoy9.222.4-0.589286-5.181821.01.00.03333332021-05-31
unemployment rate7.37.4-0.01351350.140625-1.01.00.9333332021-03-31
youth unemployment rate17.318.2-0.04945060.0176471-1.01.00.7833332021-05-31
Central Bank Assets for Euro Area768014076576300.002939550.07602961.01.00.6333332021-06-04
Construction sector0.8-5-1.16-1.04421.01.00.4166672021-04-01
Consumer sector-9-12.1-0.256198-0.5909091.01.00.052021-04-01
Manufacturing sector9.41.17.54545-1.291021.01.00.42021-04-01
Retail sector-1.5-11-0.863636-0.9484541.01.00.32021-04-01
Services sector2.8-9.4-1.29787-1.072541.01.00.2166672021-04-01
ESI - Economic Composite109.799.90.09809810.6348731.01.012021-04-01

Europe Financials industry Trading Signals


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

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

Europe Financials industry trend

Europe Financials industry trend signal ranges from -100 to +100. Europe Financials 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 Financials industry Closing price vs Europe Financials industry moving average (MA) calculation: If Europe Financials industry is greater than Europe Financials industry MA value is +1, else -1, 2. Europe Financials industry Moving average slope calculation: if current Europe Financials industry moving average is higher than the previous MA, Europe Financials industry upward slope +1, else -1
Europe Financials industry trend model can be used as a trend strength indicator. Europe Financials 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 Financials industry trend strength indicator moves from positive to negative value or vice-versa.

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

Europe Financials industry oscillator

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

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

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

Europe Financials industry returns = (Europe Financials industry Closing Price – Europe Financials industry Previous Price)/(Europe Financials industry Previous Price)
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