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 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.
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 related Indicators
|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
|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|
|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 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 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|
|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 growth annual||-0.9||-1.2||-0.25||-1.16364||-1.0||-1.0||0.0833333||2021-02-01|
|government debt to gdp||57.5||45.6||0.260965||0.241901||1.0||1.0||0||2020-01-31|
|industrial production mom||1.6||-0.7||-3.28571||-0.841584||1.0||-1.0||0.5||2021-05-31|
|long term unemployment rate||0.9||0.6||0.5||-0.181818||1.0||-1.0||0.716667||2021-01-01|
|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|
|retail sales MoM||6.1||-4.9||-2.2449||-0.424528||1.0||-1.0||0.7||2021-05-31|
|youth unemployment rate||13.5||12.6||0.0714286||0.363636||1.0||1.0||0.9||2021-05-31|
|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 MomentumMomentum 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 trendPoland 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 oscillatorThe 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 indicatorThe 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 returnsMacroVar 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)