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 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.
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 related Indicators
|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
|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|
|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
|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|
|central bank balance sheet||7926550||7907810||0.00236981||0.0537542||1.0||1.0||0.316667||2021-07-09|
|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 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|
|foreign exchange reserves||70.99||70.21||0.0111095||-0.10377||-1.0||-1.0||0.15||2021-06-30|
|gdp growth annual||-1.3||-4.7||-0.723404||-1.52||1.0||-1.0||0.283333||2021-01-01|
|government debt to gdp||98||83.9||0.168057||0.510015||1.0||1.0||0||2020-01-01|
|industrial production mom||0.1||-1.2||-1.08333||-1.00909||-1.0||1.0||0.55||2021-03-31|
|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|
|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|
|retail sales MoM||2.7||4.2||-0.357143||-1.27||1.0||1.0||0.416667||2021-03-31|
|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|
|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 MomentumMomentum 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 trendEurozone 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 oscillatorThe 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 indicatorThe 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 returnsMacroVar 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)