STOXX Europe 600 Utilities

STOXX Europe 600 Utilities closed down by -1.71% to 375.21 on 23 January 2021 and +0.12% on a weekly basis. STOXX Europe 600 Utilities momentum was last calculated at +100.0/100 indicating positive momentum. STOXX Europe 600 Utilities trend is +100.0/100 indicating a positive trend. STOXX Europe 600 Utilities momentum exhaustion is 1.40292 indicating STOXX Europe 600 Utilities is oversold.STOXX Europe 600 Utilities RSI is 66.387 .

STOXX Europe 600 Utilities Chart

STOXX Europe 600 Utilities

STOXX Europe 600 Utilities Statistics

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
STOXX Europe 600 Utilities EU600.UTILITIES 375.21 1 1 1.40292 66.387 -1.71 0.12 -3.01 0.09421

STOXX Europe 600 Utilities closed at 375.21 on 23 January 2021. STOXX Europe 600 Utilities trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. STOXX Europe 600 Utilities momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. STOXX Europe 600 Utilities momentum exhaustion is 1.40292 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating STOXX Europe 600 Utilities is oversold and a possible reversal is imminent. STOXX Europe 600 Utilities RSI was last calculated at 66.387. STOXX Europe 600 Utilities moving averages were last recorded as follows: 1-month moving average: 375.59 in an uptrend , 1-quarter moving average: 367.949 in an uptrend and 1-year moving average: 351.661 in an uptrend. STOXX Europe 600 Utilities annual return was last recorded at None%, daily return was last recorded at -1.71%, and weekly return was last recorded at 0.12%. STOXX Europe 600 Utilities histrorical 20-day volatility was last recorded at 17.73%, STOXX Europe 600 Utilities alpha None, STOXX Europe 600 Utilities beta None and STOXX Europe 600 Utilities maximum drawdown was recorded at None%. MacroVar models monitor STOXX Europe 600 Utilities statistics based on historical data since 1970.

STOXX Europe 600 Utilities News

STOXX Europe 600 Utilities Trading Signals

MacroVar estimates the following signals: STOXX Europe 600 Utilities momentum, STOXX Europe 600 Utilities trend, STOXX Europe 600 Utilities oscillator, STOXX Europe 600 Utilities RSI and STOXX Europe 600 Utilities returns.

STOXX Europe 600 Utilities 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.

MacroVar STOXX Europe 600 Utilities momentum signal ranges from -100 to +100. The STOXX Europe 600 Utilities momentum signal is derived as the mean value from 4 calculations for the China Import Dry Bulk Freight Index CDFI. 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. STOXX Europe 600 Utilities 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. STOXX Europe 600 Utilities BADI momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when STOXX Europe 600 Utilities momentum signal moves from positive to negative value or vice-versa.

STOXX Europe 600 Utilities Trend

STOXX Europe 600 Utilities trend signal ranges from -100 to +100. STOXX Europe 600 Utilities 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. STOXX Europe 600 Utilities Closing price vs STOXX Europe 600 Utilities moving average (MA) calculation: If STOXX Europe 600 Utilities is greater than STOXX Europe 600 Utilities MA value is +1, else -1, 2. STOXX Europe 600 Utilities Moving average slope calculation: if current STOXX Europe 600 Utilities moving average is higher than the previous MA, STOXX Europe 600 Utilities upward slope +1, else -1
STOXX Europe 600 Utilities trend model can be used as a trend strength indicator. STOXX Europe 600 Utilities trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when STOXX Europe 600 Utilities trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The STOXX Europe 600 Utilities 52-week simple moving average and its slope are the most important indicators defining a market’s trend. STOXX Europe 600 Utilities is in an uptrend when STOXX Europe 600 Utilities price is higher than the 52-week moving average and the STOXX Europe 600 Utilities 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 STOXX Europe 600 Utilities oscillator and STOXX Europe 600 Utilities RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

STOXX Europe 600 Utilities Oscillator

The STOXX Europe 600 Utilities oscillator estimated by MacroVar is the z-score of the current STOXX Europe 600 Utilities price versus STOXX Europe 600 Utilities 1-year simple moving average price. The formula for the STOXX Europe 600 Utilities oscillator is:
STOXX Europe 600 Utilities oscillator = (Current Price – 250 trading days STOXX Europe 600 Utilities simple moving average price) / (250 days STOXX Europe 600 Utilities price standard deviation)

STOXX Europe 600 Utilities oversold conditions
STOXX Europe 600 Utilities is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the STOXX Europe 600 Utilities is oversold it is often due for a rebound. Values of the STOXX Europe 600 Utilities oscillator lower than -2.5 signify oversold conditions. It must be noted that the STOXX Europe 600 Utilities oscillator must be analyzed ibn conjunction with the rest of STOXX Europe 600 Utilities 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 STOXX Europe 600 Utilities RSI.
STOXX Europe 600 Utilities overbought conditions
STOXX Europe 600 Utilities is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the STOXX Europe 600 Utilities is overbought it is often due for a correction. Values of the STOXX Europe 600 Utilities oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the STOXX Europe 600 Utilities 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.

STOXX Europe 600 Utilities 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 STOXX Europe 600 Utilities is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During STOXX Europe 600 Utilities 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.

STOXX Europe 600 Utilities Returns

MacroVar calculates STOXX Europe 600 Utilities returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

STOXX Europe 600 Utilities returns = (STOXX Europe 600 Utilities Closing Price Previous Price)/(STOXX Europe 600 Utilities Previous Price)

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