Poland ETF EPOL

Poland ETF closed down by -0.92% to 21.53 on 23 January 2021 and +-1.42% on a weekly basis. Poland ETF momentum was last calculated at +100.0/100 indicating positive momentum. Poland ETF trend is +75.0/100 indicating a positive trend. Poland ETF momentum exhaustion is 1.23658 indicating Poland ETF is oversold.Poland ETF RSI is 63.1985 .

Poland ETF EPOL Chart

Poland ETF EPOL

Poland ETF EPOL Statistics

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

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

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Poland ETF EPOL 21.53 1 0.75 1.23658 63.1985 -0.92 -1.42 9.62 -0.07005

Poland ETF closed at 21.53 on 23 January 2021. Poland ETF trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Poland ETF momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Poland ETF momentum exhaustion is 1.23658 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Poland ETF is oversold and a possible reversal is imminent. Poland ETF RSI was last calculated at 63.1985. Poland ETF moving averages were last recorded as follows: 1-month moving average: 19.235 in an uptrend , 1-quarter moving average: 17.3985 in an uptrend and 1-year moving average: 17.1389 in a downtrend. Poland ETF annual return was last recorded at None%, daily return was last recorded at -0.92%, and weekly return was last recorded at -1.42%. Poland ETF histrorical 20-day volatility was last recorded at 26.8223%, Poland ETF alpha None, Poland ETF beta None and Poland ETF maximum drawdown was recorded at None%. MacroVar models monitor Poland ETF statistics based on historical data since 1970.

Poland ETF EPOL News

Poland ETF Factors

Poland ETF

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Poland PMI vs ETF PL.FACT.ETFPMI 17.88 53.0328 -0.832656
Poland ESI vs ETF PL.FACT.ETFESI 14.28 74.2262 -0.191603

Poland ETF related Indicators

Poland ETF

Security Type Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
WIG Index Stock Index WIG 67093.9 1 0.75 1.48083 65.6529 -0.8 0.54 12.33 -0.02163
Poland PMI vs ETF ETF vs PMI Factor PL.FACT.ETFPMI 17.88
Poland ESI vs ETF ETF vs ESI Factor PL.FACT.ETFESI 14.28

Poland Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
WIG Index WIG 67093.9 1 0.75 1.48083 65.6529 -0.8 0.54 12.33 -0.02163
Poland ETF EPOL 21.53 1 0.75 1.23658 63.1985 -0.92 -1.42 9.62 -0.07005
Polish Zloty US Dollar (PLN/USD) PLNUSD 3.88 0.5 -0.5 -0.95302 58.1426 0.65 2.07 2.77 -0.01397
Poland 10-Year Bond Yield PL.10Y 1.54 -1 -1 -0.92244 40.9961 -9.73 -14.59 -3.27 -0.41051
Poland 5-Year Bond Yield PL.5Y 1.07 -1 -1 -1.03373 39.714 -11.93 -22.29 28.45 -0.77592
Poland 2-year bond yield PL.2Y 0.33 -0.5 -0.75 -0.75129 41.4264 -28.1 -12.7 230 -0.9866
Poland Yield Curve PL.YC 1.22 0.5 -0.25 0.71716 51.6307 -2.17 -14.39 -18.23 0.82389
Poland Credit Default Swaps CDS.Poland 45 -1 -1 -1.07824 1.58642 0 0 -4.26 -0.12234

Poland Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 185 1300 -0.857692 -0.864568 -1.0 -1.0 0.466667 2021-05-31
banks balance sheet 2530360 2508230 0.00882296 0.0759019 1.0 1.0 0.683333 2021-05-31
building permits 48673 37452 0.29961 0.311835 -1.0 1.0 0.966667 2021-05-31
business confidence -0.6 -0.3 1 -0.969849 1.0 1.0 0.3 2021-06-30
capacity utilization 78.5 77.6 0.0115979 -0.0519324 -1.0 -1.0 0.216667 2020-08-01
capital flows 1533 4001 -0.616846 -0.289949 -1.0 -1.0 0.5 2021-05-31
car registrations 43711 41388 0.0561274 0.22108 1.0 1.0 0.85 2021-06-30
cash reserve ratio 0.5 3.5 -0.857143 -0.857143 -1.0 -1.0 0.0166667 2020-04-30
central bank balance sheet 763749 734949 0.0391864 0.185874 1.0 1.0 0.733333 2021-05-31
consumer confidence -14.8 -14.6 0.0136986 -0.237113 1.0 1.0 0.683333 2021-06-30
consumer price index cpi 192.8 192.6 0.00103842 0.0427258 1.0 1.0 0.95 2021-06-30
core inflation rate 3.5 4 -0.125 -0.146341 -1.0 -1.0 0.45 2021-06-30
current account 60 1740 -0.965517 -0.96144 -1.0 -1.0 0.3 2021-05-31
current account to gdp 3.6 0.5 6.2 -1.53731 1.0 1.0 0 2020-01-31
deposit interest rate 0.5 0.5 0 0 -1.0 -1.0 0.508333 2020-03-31
exports 22636 23384 -0.0319877 0.417408 1.0 1.0 0.983333 2021-05-31
external debt 361468 372028 -0.028385 -0.0869253 1.0 -1.0 0.0666667 2021-01-01
fiscal expenditure 172129 137908 0.248144 -0.0591525 -1.0 -1.0 0.0833333 2021-05-31
foreign direct investment 209505 199790 0.0486261 0.729845 1.0 1.0 0 2018-02-28
foreign exchange reserves 159406 162734 -0.0204506 0.234863 1.0 1.0 0.933333 2021-06-30
gdp 594.16 595.86 -0.00285302 0.113472 1.0 1.0 0 2020-01-31
Real GDP 618644 555687 0.113296 0.127115 1.0 1.0 0.166667 2020-04-01
gdp growth 1.1 0.9 0.222222 -0.153846 1.0 -1.0 0.516667 2021-02-01
gdp growth annual -0.9 -1.2 -0.25 -1.16364 -1.0 -1.0 0.0833333 2021-02-01
gold reserves 228.66 228.7 -0.000174902 1.22065 1.0 1.0 0.966667 2020-05-01
government budget -7 -0.7 9 0.944444 -1.0 -1.0 0 2020-01-31
Government budget 9350 9158.4 0.0209207 -1.36126 1.0 1.0 0.233333 2021-05-31
government debt 1122150 1131760 -0.0084912 0.0417479 1.0 1.0 0.5 2021-04-30
government debt to gdp 57.5 45.6 0.260965 0.241901 1.0 1.0 0 2020-01-31
government revenues 181479 147066 0.233997 0.155402 -1.0 1.0 0.816667 2021-05-31
housing index 141.16 138.42 0.0197948 0.289368 1.0 1.0 0 2021-01-01
imports 22451 22084 0.0166184 0.537319 1.0 1.0 0.983333 2021-05-31
industrial production 18.4 29.8 -0.38255 35.8 1.0 1.0 1 2021-06-30
industrial production mom 1.6 -0.7 -3.28571 -0.841584 1.0 -1.0 0.5 2021-05-31
inflation cpi 4.4 4.7 -0.0638298 0.333333 1.0 1.0 0.758333 2021-06-30
interbank rate 0.11 0.11 0 0 -1.0 -1.0 0.508333 2021-06-02
interest rate 0.1 0.1 0 0 1.0 -1.0 0.625 2021-05-05
long term unemployment rate 0.9 0.6 0.5 -0.181818 1.0 -1.0 0.716667 2021-01-01
manufacturing pmi 59.4 57.2 0.0384615 0.258475 1.0 1.0 0.95 2021-06-30
money supply m0 412315 393754 0.0471386 0.293635 1.0 1.0 0.95 2021-05-31
money supply m1 1622870 1606980 0.00988811 0.212672 1.0 1.0 0.783333 2021-05-31
money supply m2 1866430 1854360 0.00650898 0.0898798 1.0 1.0 0.45 2021-05-31
money supply m3 1871970 1859960 0.00645713 0.0896787 1.0 1.0 0.45 2021-05-31
Producer Price Index 111.7 110.8 0.00812274 0.0668577 1.0 1.0 1 2021-05-31
PPI Index 7 6.5 0.0769231 -9.75 1.0 1.0 0.0666667 2021-06-30
retail sales MoM 6.1 -4.9 -2.2449 -0.424528 1.0 -1.0 0.7 2021-05-31
retail sales 19.1 25.7 -0.256809 -3.22093 1.0 1.0 0.0666667 2021-05-31
unemployment rate 6.1 6.3 -0.031746 0.0166667 -1.0 1.0 0.783333 2021-05-31
youth unemployment rate 13.5 12.6 0.0714286 0.363636 1.0 1.0 0.9 2021-05-31
Construction sector -19.5 -26.5 -0.264151 -0.533493 1.0 1.0 0.133333 2021-04-01
Consumer sector -8.2 -13.2 -0.378788 -0.645022 1.0 1.0 0.516667 2021-04-01
Manufacturing sector -9.2 -16.8 -0.452381 -0.762887 1.0 1.0 0.0333333 2021-04-01
Retail sector -5.5 -11.7 -0.529915 -0.834835 1.0 1.0 0.3 2021-04-01
Services sector -9.2 -18.6 -0.505376 -0.784543 1.0 1.0 0.483333 2021-04-01
ESI - Economic Composite 101.6 90.3 0.125138 0.698997 1.0 1.0 1 2021-04-01

Poland ETF Trading Signals


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

Poland 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.

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

Poland ETF trend

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

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

Poland ETF oscillator

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

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

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

Poland ETF returns

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

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