Europe Utilities industry

Europe Utilities industry closed down by -1.52% to 1217.71 on 23 January 2021 and +0.85% on a weekly basis. Europe Utilities industry momentum was last calculated at +100.0/100 indicating positive momentum. Europe Utilities industry trend is +100.0/100 indicating a positive trend. Europe Utilities industry momentum exhaustion is 1.87965 indicating Europe Utilities industry is oversold.Europe Utilities industry RSI is 70.1135 .

Europe Utilities industry Chart

Europe Utilities industry

Europe Utilities industry Statistics

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

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

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Europe Utilities industry EU.UTILITIES 1217.71 1 1 1.87965 70.1135 -1.52 0.85 -1.21 0.15148

Europe Utilities industry closed at 1217.71 on 23 January 2021. Europe Utilities industry trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Europe Utilities industry momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Europe Utilities industry momentum exhaustion is 1.87965 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Europe Utilities industry is oversold and a possible reversal is imminent. Europe Utilities industry RSI was last calculated at 70.1135. Europe Utilities industry moving averages were last recorded as follows: 1-month moving average: 1190.98 in an uptrend , 1-quarter moving average: 1158.02 in an uptrend and 1-year moving average: 1089.78 in an uptrend. Europe Utilities industry annual return was last recorded at None%, daily return was last recorded at -1.52%, and weekly return was last recorded at 0.85%. Europe Utilities industry histrorical 20-day volatility was last recorded at 21.4977%, Europe Utilities industry alpha None, Europe Utilities industry beta None and Europe Utilities industry maximum drawdown was recorded at None%. MacroVar models monitor Europe Utilities industry statistics based on historical data since 1970.

Europe Utilities industry News

Europe Utilities industry Factors

Europe Utilities industry

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Europe Utilities Stocks vs Credit EU.STCR.UTILITIES

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 Utilities industry Trading Signals


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

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

Europe Utilities industry trend

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

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

Europe Utilities industry oscillator

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

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

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

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