Italy ETF EWI

Italy ETF closed down by -1.52% to 31.65 on 23 January 2021 and +-3.56% on a weekly basis. Italy ETF momentum was last calculated at +100.0/100 indicating positive momentum. Italy ETF trend is +100.0/100 indicating a positive trend. Italy ETF momentum exhaustion is 1.43434 indicating Italy ETF is oversold.Italy ETF RSI is 65.027 .

Italy ETF EWI Chart

Italy ETF  EWI

Italy ETF EWI Statistics

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

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

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Italy ETF EWI 31.65 1 1 1.43434 65.027 -1.52 -3.56 -2.07 0.00811

Italy ETF closed at 31.65 on 23 January 2021. Italy ETF trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Italy ETF momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Italy ETF momentum exhaustion is 1.43434 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Italy ETF is oversold and a possible reversal is imminent. Italy ETF RSI was last calculated at 65.027. Italy ETF moving averages were last recorded as follows: 1-month moving average: 29.3185 in an uptrend , 1-quarter moving average: 27.2397 in an uptrend and 1-year moving average: 25.2241 in an uptrend. Italy ETF annual return was last recorded at None%, daily return was last recorded at -1.52%, and weekly return was last recorded at -3.56%. Italy ETF histrorical 20-day volatility was last recorded at 13.1236%, Italy ETF alpha None, Italy ETF beta None and Italy ETF maximum drawdown was recorded at None%. MacroVar models monitor Italy ETF statistics based on historical data since 1970.

Italy ETF EWI News

Italy ETF Factors

Italy ETF

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Italy PMI vs ETF IT.FACT.ETFPMI 23.32 52.7391 -1.71474
Italy ESI vs ETF IT.FACT.ETFESI 23.32 82.9542 0.129154

Italy ETF related Indicators

Italy ETF

Security Type Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
FTSE MIB Stock Index MIB 24675.6 0.5 0.75 0.92864 60.9611 -2.06 -1.6 0.88 -0.05718
Italy PMI vs ETF ETF vs PMI Factor IT.FACT.ETFPMI 23.32
Italy ESI vs ETF ETF vs ESI Factor IT.FACT.ETFESI 23.32

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

Italy ETF Trading Signals


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

Italy 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.

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

Italy ETF trend

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

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

Italy ETF oscillator

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

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

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

Italy ETF returns

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

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