FTSE MIB Index

FTSE MIB closed down by -2.06% to 24675.6 on 23 January 2021 and +-1.6% on a weekly basis. FTSE MIB momentum was last calculated at +50.0/100 indicating positive momentum. FTSE MIB trend is +75.0/100 indicating a positive trend. FTSE MIB momentum exhaustion is 0.92864 indicating FTSE MIB is oversold.FTSE MIB RSI is 60.9611 .

FTSE MIB Index Chart

FTSE MIB Index

FTSE MIB Index Statistics

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

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

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
FTSE MIB MIB 24675.6 0.5 0.75 0.92864 60.9611 -2.06 -1.6 0.88 -0.05718

FTSE MIB closed at 24675.6 on 23 January 2021. FTSE MIB trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. FTSE MIB momentum was last calculated at +50.0/100 (range: -100 to +100) indicating positive momentum. FTSE MIB momentum exhaustion is 0.92864 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating FTSE MIB is oversold and a possible reversal is imminent. FTSE MIB RSI was last calculated at 60.9611. FTSE MIB moving averages were last recorded as follows: 1-month moving average: 21992.1 in an uptrend , 1-quarter moving average: 20728.3 in an uptrend and 1-year moving average: 20033.4 in a downtrend. FTSE MIB annual return was last recorded at None%, daily return was last recorded at -2.06%, and weekly return was last recorded at -1.6%. FTSE MIB histrorical 20-day volatility was last recorded at 14.6019%, FTSE MIB alpha None, FTSE MIB beta None and FTSE MIB maximum drawdown was recorded at None%. MacroVar models monitor FTSE MIB statistics based on historical data since 1970.

FTSE MIB Index News

FTSE MIB Factors

FTSE MIB

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Italy PMI vs Stocks IT.FACT.STPMI 18400 52.6706 -1.97041
Italy ESI vs Stocks IT.FACT.STESI 18400 86.2548 -0.0400493

FTSE MIB related Indicators

FTSE MIB

Security Type Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Italy ETF Stock Index ETF EWI 31.65 1 1 1.43434 65.027 -1.52 -3.56 -2.07 0.00811
Italy PMI vs Stocks Stock Index vs PMI Factor IT.FACT.STPMI 18400
Italy ESI vs Stocks Stock Index vs ESI Factor IT.FACT.STESI 18400
FTSE MIB seasonality Seasonality SEAS.MIB

Italy Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
FTSE MIB MIB 24675.6 0.5 0.75 0.92864 60.9611 -2.06 -1.6 0.88 -0.05718
Italy ETF EWI 31.65 1 1 1.43434 65.027 -1.52 -3.56 -2.07 0.00811
FBTP Italian 10Y Bonds FBTP 153.25 1 1 1.49231 59.1255 0.19 1.85 3.93 0.06653
Italy 10-Year Bond Yield IT.10Y 0.69 -1 -1 -1.43362 40.9666 -3.5 -23.08 -17.46 -0.60406
Italy 5-Year Bond Yield IT.5Y 0.02 0 -1 -1.59576 37.3048 -35.48 -88.7 -84.73 -1.16715
Italy 2-year bond yield IT.2Y -0.4 0.5 -0.75 -1.08682 48.3621 0.76 26.98 25.79 -7.13433
Italy Yield Curve IT.YC 1.1 -1 -1 -1.40948 36.5594 -1.08 -9.24 -4.68 -0.27058
Italy Credit Default Swaps CDS.Italy 74.5 -1 -1 -1.19443 36.4689 3.11 -3.25 -10.51 -0.22705

Italy Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 5642 5870 -0.0388416 0.00391638 -1.0 1.0 0.416667 2021-05-31
bank lending rate 1.77 1.75 0.0114286 0.0114286 1.0 1.0 0.916667 2021-05-31
banks balance sheet 3933160 3921150 0.00306288 0.0116491 1.0 1.0 0.683333 2021-05-31
business confidence 105.4 101.9 0.0343474 0.222738 1.0 1.0 1 2021-04-30
capacity utilization 75.3 74.9 0.00534045 -0.0407643 -1.0 -1.0 0.2 2021-01-01
capital flows 6401.5 3908.9 0.637673 -2.04822 -1.0 1.0 0.25 2021-04-30
car registrations 149438 142730 0.0469978 0.1282 1.0 1.0 0.816667 2021-06-30
central bank balance sheet 1504580 1478610 0.0175638 0.215753 1.0 1.0 0.516667 2021-06-30
composite pmi 58.3 55.7 0.0466786 0.22479 1.0 1.0 0.95 2021-06-30
construction pmi 57.9 58.3 -0.00686106 0.122093 1.0 1.0 0.9 2021-06-30
consumer confidence 115.1 110.6 0.0406872 0.163802 1.0 1.0 0.983333 2021-06-30
consumer price index cpi 104.2 104.1 0.000960615 0.0126336 1.0 1.0 0.816667 2021-06-30
core inflation rate 0.3 0.2 0.5 -0.571429 -1.0 -1.0 0.1 2021-06-30
current account 710 6715 -0.894267 -1.71848 -1.0 1.0 0.0166667 2021-01-31
current account to gdp 3.6 3.2 0.125 -2.28571 1.0 1.0 0 2020-01-31
exports 43585 43650.2 -0.00149369 0.419115 1.0 1.0 0.983333 2021-05-31
external debt 2345210 2324320 0.00898757 0.0768761 1.0 1.0 0.466667 2021-01-01
fiscal expenditure 65.34 61.36 0.0648631 0.620094 1.0 1.0 0.866667 2021-05-31
foreign direct investment 767 -103 -8.4466 -2.0213 1.0 1.0 0.2 2021-04-30
foreign exchange reserves 169887 173830 -0.0226831 -0.0269151 -1.0 -1.0 0.2 2021-06-30
gdp 2001.24 2085.76 -0.0405224 -0.0945804 -1.0 -1.0 0 2019-01-31
Real GDP 400347 401777 -0.00355919 -0.00483727 -1.0 -1.0 0.45 2021-01-01
gdp growth 0.1 -1.8 -1.05556 -0.75 1.0 -1.0 0.55 2021-01-01
gdp growth annual -0.8 -6.6 -0.878788 -1.57143 1.0 -1.0 0.3 2021-01-01
gold reserves 2451.84 2451.8 0.0000163145 0 1.0 -1.0 0.575 2020-07-01
government budget -9.5 -1.6 4.9375 2.65385 -1.0 -1.0 0 2019-02-28
Government budget -25.64 -17.06 0.502931 0.825821 -1.0 -1.0 0.766667 2021-05-31
government debt 2686810 2680470 0.00236526 0.0714753 1.0 1.0 0.666667 2021-05-31
government debt to gdp 155.8 134.6 0.157504 0.521484 1.0 1.0 0 2020-01-31
government revenues 39.7 44.3 -0.103837 0.510195 -1.0 1.0 1 2021-05-31
housing index 101.1 100.1 0.00999001 0.025355 1.0 1.0 0 2021-01-01
imports 37942.5 37780 0.00430122 0.512087 1.0 1.0 0.983333 2021-05-31
industrial production 21.1 79 -0.732911 -2.01932 1.0 1.0 0.166667 2021-05-31
industrial production mom -0.1 0.1 -2 -0.996403 -1.0 1.0 0.5 2021-03-31
inflation cpi 1.3 1.1 0.181818 -7.5 1.0 1.0 0.0666667 2021-05-31
interbank rate -0.54 -0.54 0 0.317073 -1.0 -1.0 0.733333 2021-02-28
interest rate 0.05 0.05 0 0 1.0 -1.0 0.791667 2016-03-09
loans to private sector 667731 666864 0.00130012 0.0164865 -1.0 1.0 0.866667 2021-05-31
long term unemployment rate 5.5 5.1 0.0784314 -0.179104 1.0 -1.0 0.25 2021-01-01
manufacturing pmi 62.2 62.3 -0.00160514 0.309474 1.0 1.0 0.95 2021-06-30
money supply m1 1473620 1459260 0.0098406 0.113561 1.0 1.0 0.9 2021-05-31
money supply m2 1846310 1835010 0.006158 0.0855156 1.0 1.0 0.9 2021-05-31
money supply m3 1855470 1844080 0.00617652 0.0842839 1.0 1.0 0.883333 2021-05-31
Producer Price Index 106.4 105.3 0.0104463 0.080203 1.0 1.0 1 2021-05-31
PPI Index 8 6.8 0.176471 -2.50943 1.0 1.0 0.133333 2021-05-31
retail sales MoM 6.6 -2.7 -3.44444 7.25 1.0 1.0 0.916667 2021-02-28
retail sales 13.3 30.4 -0.5625 -2.30392 1.0 1.0 0.3 2021-05-31
services pmi 56.7 53.1 0.0677966 0.221983 1.0 1.0 0.95 2021-06-30
unemployment rate 10.5 10.7 -0.0186916 0.235294 1.0 1.0 0.966667 2021-05-31
youth unemployment rate 31.7 32.8 -0.0335366 0.112281 1.0 1.0 0.883333 2021-05-31
zew economic sentiment index 59.7 56.8 0.0510563 -2.03646 1.0 1.0 0.483333 2021-03-28
Construction sector -2 -4.1 -0.512195 -0.726027 1.0 1.0 0.0166667 2021-04-01
Consumer sector -10.1 -11.5 -0.121739 -0.516746 1.0 1.0 0.05 2021-04-01
Manufacturing sector 1.8 -2.8 -1.64286 -1.11465 1.0 1.0 0.416667 2021-04-01
Retail sector 1.5 -7.3 -1.20548 2.75 1.0 1.0 0.9 2021-04-01
Services sector -6.1 -11.9 -0.487395 -0.651429 1.0 1.0 0.4 2021-04-01
ESI - Economic Composite 104.8 99.5 0.0532663 0.227166 1.0 1.0 1 2021-04-01

FTSE MIB Trading Signals


MacroVar estimates the following signals: FTSE MIB momentum, FTSE MIB trend, FTSE MIB oscillator, FTSE MIB RSI and FTSE MIB returns.

FTSE MIB 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.

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

FTSE MIB trend

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

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

FTSE MIB oscillator

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

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

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

FTSE MIB returns

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

FTSE MIB returns = (FTSE MIB Closing Price – FTSE MIB Previous Price)/(FTSE MIB Previous Price)
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