Dow Jones New Zealand Index

Dow Jones New Zealand closed up by 0.16% to 371.92 on 23 January 2021 and +1.0% on a weekly basis. Dow Jones New Zealand momentum was last calculated at +100.0/100 indicating positive momentum. Dow Jones New Zealand trend is +75.0/100 indicating a positive trend. Dow Jones New Zealand momentum exhaustion is -0.01581 indicating Dow Jones New Zealand is oversold.Dow Jones New Zealand RSI is 68.828 .

Dow Jones New Zealand Index Chart

Dow Jones New Zealand Index

Dow Jones New Zealand Index Statistics

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

Click here to explore the methodology used for estimating the Dow Jones New Zealand trading signals presented in the Dow Jones New Zealand statistics table.

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Dow Jones New Zealand NZDOW 371.92 1 0.75 -0.01581 68.828 0.16 1 -1.34 0.17835

Dow Jones New Zealand closed at 371.92 on 23 January 2021. Dow Jones New Zealand trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Dow Jones New Zealand momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Dow Jones New Zealand momentum exhaustion is -0.01581 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Dow Jones New Zealand is oversold and a possible reversal is imminent. Dow Jones New Zealand RSI was last calculated at 68.828. Dow Jones New Zealand moving averages were last recorded as follows: 1-month moving average: 401.474 in an uptrend , 1-quarter moving average: 388.249 in an uptrend and 1-year moving average: 435.405 in an uptrend. Dow Jones New Zealand annual return was last recorded at None%, daily return was last recorded at 0.16%, and weekly return was last recorded at 1.0%. Dow Jones New Zealand histrorical 20-day volatility was last recorded at 17.0997%, Dow Jones New Zealand alpha None, Dow Jones New Zealand beta None and Dow Jones New Zealand maximum drawdown was recorded at None%. MacroVar models monitor Dow Jones New Zealand statistics based on historical data since 1970.

Dow Jones New Zealand Index News

Dow Jones New Zealand Factors

Dow Jones New Zealand

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
New Zealand PMI vs Stocks NZ.FACT.STPMI 364.75 57.4998 -0.565714

Dow Jones New Zealand related Indicators

Dow Jones New Zealand

Security Type Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
New Zealand ETF Stock Index ETF ENZL 61.6 1 1 2.02707 65.392 -0.55 1.73 -5.19 0.20931
New Zealand PMI vs Stocks Stock Index vs PMI Factor NZ.FACT.STPMI 364.75

New Zealand Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Dow Jones New Zealand NZDOW 371.92 1 0.75 -0.01581 68.828 0.16 1 -1.34 0.17835
NZX 50 NZ50 12720.6 0.5 1 1.67031 59.8318 0.39 0.93 0.64 0.17906
New Zealand ETF ENZL 61.6 1 1 2.02707 65.392 -0.55 1.73 -5.19 0.20931
New Zealand Dollar US Dollar (NZD/USD) NZDUSD 1.43 -1 -1 -1.85463 34.3298 0.67 0.76 3.83 -0.07863
New Zealand 5-Year Bond Yield NZ.5Y 1.17 0.5 0.5 -0.0107 63.1496 -0.85 4.74 34.95 -0.66862
New Zealand 2-Year Bond Yield NZ.2Y 0.76 0.5 0.25 -0.21583 62.4424 11.27 61.36 186.79 -0.76152
New Zealand Yield Curve NZ.YC 0.8 0.5 1 1.14857 62.063 -16.93 -40.34 -41.43 0.47571
New Zealand Credit Default Swaps CDS.New-Zealand 15.7 -1 -0.75 -0.99492 14.6011 0 0 -3.68 -0.52881

New Zealand Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 469 414 0.13285 -0.637541 1.0 -1.0 0.383333 2021-05-31
bank lending rate 8.37 8.34 0.00359712 0.00480192 1.0 1.0 0.75 2021-06-30
banks balance sheet 630135 627962 0.0034604 -0.00195764 1.0 -1.0 0.0166667 2021-03-31
building permits 4218 3129 0.348035 0.588102 1.0 1.0 1 2021-03-31
business confidence -0.6 1.8 -1.33333 -0.985646 1.0 1.0 0.333333 2021-06-30
capacity utilization 94.9 93.3 0.017149 0.0226293 1.0 1.0 0 2021-04-01
capital flows -2428 5694 -1.42641 -5.68726 -1.0 -1.0 0.05 2021-01-01
car registrations 5415 4512 0.200133 0.069524 1.0 1.0 0.616667 2021-06-30
central bank balance sheet 84122 81371 0.0338081 0.50175 1.0 1.0 0.75 2021-06-30
composite pmi 59.3 58 0.0224138 1.4916 1.0 1.0 1 2021-04-30
consumer confidence 107.1 105.2 0.0180608 -0.0138122 1.0 -1.0 0.65 2021-07-01
consumer price index cpi 1082 1068 0.0131086 0.0660098 1.0 1.0 0.516667 2021-04-01
core inflation rate 3.3 1.5 1.2 2.26733 1.0 1.0 0.9 2021-04-01
current account -2895 -2590 0.117761 14.8197 -1.0 -1.0 1 2021-01-01
current account to gdp -2.7 -3.6 -0.25 -0.619718 1.0 1.0 0 2020-01-31
deposit interest rate 0.27 0.49 -0.44898 0.35 1.0 1.0 0.783333 2021-03-05
exports 5867 5370 0.0925512 0.0852716 1.0 1.0 0.733333 2021-05-31
external debt 287822 289422 -0.00552826 0.0532321 -1.0 1.0 0.3 2021-01-01
fiscal expenditure 138916 111439 0.246565 0.837562 1.0 1.0 0 2019-02-28
foreign direct investment 1906 2661 -0.283728 1.56873 1.0 1.0 0.866667 2021-01-01
foreign exchange reserves 19977 18795 0.0628891 -0.393681 -1.0 -1.0 0.0833333 2021-06-30
gdp 206.929 207.921 -0.00477104 0.506911 1.0 1.0 0 2019-01-31
Real GDP 67775 66927 0.0126705 0.0905419 1.0 1.0 0.55 2021-01-01
gdp growth 1.6 -1 -2.6 1.28571 1.0 1.0 0.866667 2021-01-31
gdp growth annual 2.4 -0.8 -4 -0.272727 1.0 -1.0 0.483333 2021-03-31
government budget -7.5 2.4 -4.125 -3.5 -1.0 -1.0 0 2020-01-31
Government budget -23057 7429 -4.10365 -5.0903 -1.0 -1.0 0 2020-01-31
government debt 83375 57736 0.444073 7.1278 1.0 1.0 0 2019-02-28
government debt to gdp 27 19 0.421053 4 1.0 1.0 0 2020-01-31
government revenues 116003 119293 -0.0275792 0.427993 1.0 1.0 0 2019-02-28
housing index 5.2 1.3 3 0.677419 1.0 1.0 0.683333 2021-02-28
imports 5398 4980 0.0839357 0.312718 1.0 1.0 1 2021-05-31
industrial production 4.3 2.1 1.04762 0.535714 1.0 1.0 0.8 2021-01-01
inflation cpi 3.3 1.5 1.2 1.2 1.0 1.0 0.866667 2021-06-01
interbank rate 1.525 1.25 0.22 -0.394841 -1.0 -1.0 0.0333333 2019-09-30
interest rate 0.25 0.25 0 0 -1.0 -1.0 0.708333 2021-05-26
loans to private sector 116511 117122 -0.00521678 -0.0108919 -1.0 -1.0 0.0166667 2020-10-31
manufacturing pmi 60.7 58.6 0.0358362 0.0800712 1.0 1.0 0.85 2021-06-30
money supply m0 8173 8160 0.00159314 0.0294747 1.0 1.0 0.1 2021-06-30
money supply m1 121024 122071 -0.00857698 0.270073 1.0 1.0 0.566667 2021-05-31
money supply m3 364349 368720 -0.0118545 0.0603624 1.0 1.0 0.233333 2021-05-31
Producer Price Index 1186 1162 0.020654 0.0655885 1.0 1.0 0.383333 2021-01-01
retail sales MoM 2.5 -2.6 -1.96154 1.08333 1.0 1.0 0.933333 2021-01-01
retail sales 6.8 4.6 0.478261 1.42857 1.0 1.0 0.916667 2021-03-01
services pmi 56.1 61.2 -0.0833333 0.496 1.0 1.0 0.983333 2021-05-31
unemployment rate 4.7 4.9 -0.0408163 0.0681818 1.0 1.0 0.7 2021-01-01
youth unemployment rate 12.4616 13.6734 -0.0886246 0.0214426 1.0 1.0 0 2021-01-01
Money Supply M2 150882 153357 -0.0161388 0.0154592 -1.0 1.0 0.0166667 2017-01-31

Dow Jones New Zealand Trading Signals


MacroVar estimates the following signals: Dow Jones New Zealand momentum, Dow Jones New Zealand trend, Dow Jones New Zealand oscillator, Dow Jones New Zealand RSI and Dow Jones New Zealand returns.

Dow Jones New Zealand 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.

MacroVarDow Jones New Zealand momentum signal ranges from -100 to +100. The Dow Jones New Zealand momentum signal is derived as the mean value from 4 calculations for the Dow Jones New Zealand. 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. Dow Jones New Zealand 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. Dow Jones New Zealand Index momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Dow Jones New Zealand momentum signal moves from positive to negative value or vice-versa.

Dow Jones New Zealand trend

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

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

Dow Jones New Zealand oscillator

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

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

Dow Jones New Zealand 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 Dow Jones New Zealand is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Dow Jones New Zealand 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.

Dow Jones New Zealand returns

MacroVar calculates Dow Jones New Zealand returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Dow Jones New Zealand returns = (Dow Jones New Zealand Closing Price – Dow Jones New Zealand Previous Price)/(Dow Jones New Zealand Previous Price)
Feedback
Feedback
How would you rate your experience?
Do you have any additional comment?
Next
Enter your email if you'd like us to contact you regarding with your feedback.
Back
Submit
Thank you for submitting your feedback!