Eurozone ETF EZU

Eurozone ETF closed down by -1.33% to 48.9 on 23 January 2021 and +-2.04% on a weekly basis. Eurozone ETF momentum was last calculated at +100.0/100 indicating positive momentum. Eurozone ETF trend is +100.0/100 indicating a positive trend. Eurozone ETF momentum exhaustion is 1.6079 indicating Eurozone ETF is oversold.Eurozone ETF RSI is 63.0535 .

Eurozone ETF EZU Chart

Eurozone ETF EZU

Eurozone ETF EZU Statistics

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

Click here to explore the methodology used for estimating the Eurozone ETF trading signals presented in the Eurozone ETF statistics table.

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Eurozone ETF EZU 48.9 1 1 1.6079 63.0535 -1.33 -2.04 -0.57 0.06937

Eurozone ETF closed at 48.9 on 23 January 2021. Eurozone ETF trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Eurozone ETF momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Eurozone ETF momentum exhaustion is 1.6079 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Eurozone ETF is oversold and a possible reversal is imminent. Eurozone ETF RSI was last calculated at 63.0535. Eurozone ETF moving averages were last recorded as follows: 1-month moving average: 44.143 in an uptrend , 1-quarter moving average: 41.646 in an uptrend and 1-year moving average: 37.8465 in an uptrend. Eurozone ETF annual return was last recorded at None%, daily return was last recorded at -1.33%, and weekly return was last recorded at -2.04%. Eurozone ETF histrorical 20-day volatility was last recorded at 13.7107%, Eurozone ETF alpha None, Eurozone ETF beta None and Eurozone ETF maximum drawdown was recorded at None%. MacroVar models monitor Eurozone ETF statistics based on historical data since 1970.

Eurozone ETF EZU News

Eurozone ETF Factors

Eurozone ETF

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
EZ PMI vs ETF EA.FACT.ETFPMI 43.95 54.1886 -1.02824
EA ESI vs ETF EA.FACT.ETFESI 36.46 92.0442 -0.0668121

Eurozone ETF related Indicators

Eurozone ETF

Security Type Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Euro Stoxx 50 Stock Index STOXX50E 4026.6 1 0.75 1.11869 63.5414 -1.78 -1.21 0.29 -0.04339
STOXX Europe 600 Stock Index STOXX 456.42 1 0.75 1.27737 65.4756 -0.58 0.36 3.23 -0.02743
EZ PMI vs ETF ETF vs PMI Factor EA.FACT.ETFPMI 43.95
EA ESI vs ETF ETF vs ESI Factor EA.FACT.ETFESI 36.46

Euro area 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

Euro area Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 6279.2 29427.8 -0.786624 3.09977 -1.0 1.0 0.983333 2021-01-31
bank lending rate 1.75 1.84 -0.048913 0.232394 -1.0 1.0 0.983333 2021-05-31
business confidence 1.71 1.49 0.147651 -1.76 1.0 1.0 0.1 2021-06-30
capacity utilization 82.5 77.6 0.0631443 -0.0225118 1.0 -1.0 0.283333 2021-04-01
capital flows 10.2 85.3 -0.880422 -2.02204 -1.0 1.0 0.133333 2021-01-31
car registrations 706.09 710.44 -0.00612297 0.0315202 -1.0 1.0 0.516667 2021-06-30
central bank balance sheet 7926550 7907810 0.00236981 0.0537542 1.0 1.0 0.316667 2021-07-09
composite pmi 59.5 57.1 0.0420315 0.226804 1.0 1.0 0.95 2021-06-30
construction pmi 50.3 50.1 0.00399202 0.273418 1.0 1.0 0.966667 2021-05-31
consumer confidence -3.3 -5.1 -0.352941 -0.773973 1.0 1.0 0.0166667 2021-06-30
consumer confidence price trends 27.1 22.2 0.220721 0.237443 1.0 1.0 0.55 2021-06-30
consumer price index cpi 107.7 107.42 0.00260659 0.0190179 1.0 1.0 0.85 2021-06-30
core inflation rate 0.9 1 -0.1 0.125 1.0 1.0 0.691667 2021-06-30
current account 5.84 51.88 -0.887433 -1.71306 -1.0 1.0 0.0666667 2021-01-31
current account to gdp 3 3.1 -0.0322581 -2.66667 1.0 1.0 0 2020-01-31
deposit interest rate -0.5 -0.5 0 0 -1.0 -1.0 0.333333 2021-01-31
exports 163114 190983 -0.145924 -0.113559 -1.0 -1.0 0.0666667 2021-01-31
external debt 15138500 15182100 -0.0028718 0.101727 1.0 1.0 0 2020-05-01
foreign exchange reserves 70.99 70.21 0.0111095 -0.10377 -1.0 -1.0 0.15 2021-06-30
gdp 13335.8 13662 -0.0238764 0.036813 1.0 1.0 0 2019-01-31
Real GDP 2689.09 2701.4 -0.0045569 -0.0356949 -1.0 -1.0 0.0333333 2021-03-31
gdp growth -0.3 -0.6 -0.5 -2.5 -1.0 -1.0 0.141667 2021-01-01
gdp growth annual -1.3 -4.7 -0.723404 -1.52 1.0 -1.0 0.283333 2021-01-01
gold reserves 504.77 504.77 0 0 -1.0 -1.0 0.483333 2020-08-01
government budget -7.2 -0.6 11 2.27273 -1.0 -1.0 0 2020-01-31
government debt 11107700 9937020 0.11781 0.818407 1.0 1.0 0 2019-01-31
government debt to gdp 98 83.9 0.168057 0.510015 1.0 1.0 0 2020-01-01
housing index 129.09 127.23 0.0146192 0.159422 1.0 1.0 0 2021-01-01
imports 156834 161555 -0.0292222 -0.140537 1.0 -1.0 0.05 2021-01-31
industrial production 39.3 11.5 2.41739 -2.36934 1.0 1.0 0.15 2021-04-30
industrial production mom 0.1 -1.2 -1.08333 -1.00909 -1.0 1.0 0.55 2021-03-31
inflation cpi 1.9 2 -0.05 5.33333 1.0 1.0 0.9 2021-06-30
interbank rate -0.54 -0.55 -0.0181818 -0.0181818 1.0 1.0 0.191667 2021-06-02
interest rate 0.05 0.05 0 0 1.0 -1.0 0.791667 2016-03-09
lending rate 0.25 0.25 0 0 -1.0 -1.0 0.508333 2021-05-28
loan growth 3.9 3.8 0.0263158 0.3 1.0 1.0 0.666667 2021-05-31
loans to private sector 4870770 4900750 -0.00611743 0.0202446 1.0 1.0 0.483333 2021-04-30
long term unemployment rate 3.2 3 0.0666667 -0.219512 -1.0 -1.0 0.391667 2020-10-01
manufacturing pmi 63.4 63.1 0.00475436 0.337553 1.0 1.0 0.95 2021-06-30
money supply m1 10582400 10536900 0.00431816 0.113215 1.0 1.0 0.8 2021-04-30
money supply m2 14033700 14008000 0.00183467 0.0833822 1.0 1.0 0.8 2021-04-30
money supply m3 14774800 14747700 0.00183757 0.0839117 1.0 1.0 0.8 2021-04-30
Producer Price Index 109.3 107.9 0.012975 0.0962889 1.0 1.0 1 2021-05-31
PPI Index 9.6 7.6 0.263158 -2.92 1.0 1.0 0.1 2021-05-31
retail sales MoM 2.7 4.2 -0.357143 -1.27 1.0 1.0 0.416667 2021-03-31
retail sales 12 -1.5 -9 -2.51899 1.0 1.0 0.0833333 2021-03-31
services pmi 58.3 55.2 0.0561594 0.207039 1.0 1.0 0.95 2021-06-30
unemployment rate 7.9 8.1 -0.0246914 0.0533333 -1.0 1.0 0.816667 2021-05-31
youth unemployment rate 17.5 18.4 -0.048913 0 -1.0 -1.0 0.783333 2021-05-31
zew economic sentiment index 61.2 81.3 -0.247232 0.0268456 -1.0 1.0 0.566667 2021-07-31
zew economic current index 45.2 47.2 -4.24 -13.08 -1.0 -1.0 0 2021-01-12
Construction sector 2.9 -2.3 -2.26087 -1.1859 1.0 1.0 0.383333 2021-04-01
Consumer sector -8.1 -10.8 -0.25 -0.630137 1.0 1.0 0.0166667 2021-04-01
Manufacturing sector 10.7 2.1 4.09524 -1.32923 1.0 1.0 0.383333 2021-04-01
Retail sector -3.1 -12.2 -0.745902 -0.89701 1.0 1.0 0.45 2021-04-01
Services sector 2.1 -9.6 -1.21875 -1.0544 1.0 1.0 0.216667 2021-04-01
ESI - Economic Composite 110.3 100.9 0.0931615 0.626844 1.0 1.0 1 2021-04-01

Eurozone ETF Trading Signals


MacroVar estimates the following signals: Eurozone ETF momentum, Eurozone ETF trend, Eurozone ETF oscillator, Eurozone ETF RSI and Eurozone ETF returns.

Eurozone ETF 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.

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

Eurozone ETF trend

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

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

Eurozone ETF oscillator

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

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

Eurozone ETF 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 Eurozone ETF is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Eurozone ETF 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.

Eurozone ETF returns

MacroVar calculates Eurozone ETF returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Eurozone ETF returns = (Eurozone ETF Closing Price – Eurozone ETF Previous Price)/(Eurozone ETF Previous Price)
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