New Zealand ETF ENZL

New Zealand ETF closed down by -0.55% to 61.6 on 23 January 2021 and +1.73% on a weekly basis. New Zealand ETF momentum was last calculated at +100.0/100 indicating positive momentum. New Zealand ETF trend is +100.0/100 indicating a positive trend. New Zealand ETF momentum exhaustion is 2.02707 indicating New Zealand ETF is oversold.New Zealand ETF RSI is 65.392 .

New Zealand ETF ENZL Chart

New Zealand ETF ENZL

New Zealand ETF ENZL Statistics

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

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

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
New Zealand ETF ENZL 61.6 1 1 2.02707 65.392 -0.55 1.73 -5.19 0.20931

New Zealand ETF closed at 61.6 on 23 January 2021. New Zealand ETF trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. New Zealand ETF momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. New Zealand ETF momentum exhaustion is 2.02707 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating New Zealand ETF is oversold and a possible reversal is imminent. New Zealand ETF RSI was last calculated at 65.392. New Zealand ETF moving averages were last recorded as follows: 1-month moving average: 67.0995 in an uptrend , 1-quarter moving average: 64.5448 in an uptrend and 1-year moving average: 56.7542 in an uptrend. New Zealand ETF annual return was last recorded at None%, daily return was last recorded at -0.55%, and weekly return was last recorded at 1.73%. New Zealand ETF histrorical 20-day volatility was last recorded at 21.7025%, New Zealand ETF alpha None, New Zealand ETF beta None and New Zealand ETF maximum drawdown was recorded at None%. MacroVar models monitor New Zealand ETF statistics based on historical data since 1970.

New Zealand ETF ENZL News

New Zealand ETF Factors

New Zealand ETF

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
New Zealand PMI vs ETF NZ.FACT.ETFPMI 59.78 56.9176 -0.335822

New Zealand ETF related Indicators

New Zealand ETF

Security Type Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Dow Jones New Zealand Stock Index NZDOW 371.92 1 0.75 -0.01581 68.828 0.16 1 -1.34 0.17835
New Zealand PMI vs ETF ETF vs PMI Factor NZ.FACT.ETFPMI 59.78
NZX 50 Stock Index NZ50 12720.6 0.5 1 1.67031 59.8318 0.39 0.93 0.64 0.17906

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

New Zealand ETF Trading Signals


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

New Zealand 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.

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

New Zealand ETF trend

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

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

New Zealand ETF oscillator

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

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

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

New Zealand ETF returns

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

New Zealand ETF returns = (New Zealand ETF Closing Price – New Zealand ETF Previous Price)/(New Zealand ETF Previous Price)
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