Alternative Electricity industry

Monitor and predict the growth prospects and potential risks of the Alternative Electricity industry by examining the financial and macroeconomic factors affecting it and the latest Alternative Electricity news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Alternative Electricity updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Alternative Electricity industry trend, growth prospects and risks.

Alternative Electricity industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Alternative Electricity industry US.ALTERNATIVELECTR 1193.15 1 1 4.31047 84.5128 1.82 -0.1 -6.97 0.68489

Alternative Electricity industry News

Alternative Electricity industry Analysis

MacroVar monitors the performance, risk, trend and momentum of the Alternative Electricity industry by examining the stock and credit performance of major Alternative Electricity companies across the US, Europe, Eastern Europe and Asia Pacific. Alternative Electricity Stock performance is monitored by analyzing STOXX equity indices of major Alternative Electricity companies while Alternative Electricity credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Alternative Electricity high yield corporate bond market.

MacroVar also monitors fundamental indicators closely linked to the Alternative Electricity sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Alternative Electricity industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Alternative Electricity momentum, Alternative Electricity trend, Alternative Electricity oscillator, Alternative Electricity RSI and Alternative Electricity returns.

Alternative Electricity industry Description

The subsector of Alternative Electricity includes companies generating and distributing electricity from a renewable source. Includes companies that produce solar, water, wind and geothermal electricity.

Alternative Electricity industry Momentum

Momentum 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 Descriptionmarket 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.

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

Alternative Electricity industry trend

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

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

Alternative Electricity industry oscillator

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

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

Alternative Electricity 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 Alternative Electricity is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringAlternative Electricity 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.

Alternative Electricity industry returns

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

Alternative Electricity returns = (Alternative Electricity Closing Price – Alternative Electricity Previous Price)/(Alternative Electricity Previous Price)

Alternative Electricity industry

Monitor and predict the growth prospects and potential risks of the Alternative Electricity industry by examining the financial and macroeconomic factors affecting it and the latest Alternative Electricity news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Alternative Electricity updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Alternative Electricity industry trend, growth prospects and risks.

Alternative Electricity industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Alternative Electricity industry US.ALTERNATIVELECTR 1193.15 1 1 4.31047 84.5128 1.82 -0.1 -6.97 0.68489

Alternative Electricity industry News

Alternative Electricity industry Analysis

MacroVar monitors the performance, risk, trend and momentum of the Alternative Electricity industry by examining the stock and credit performance of major Alternative Electricity companies across the US, Europe, Eastern Europe and Asia Pacific. Alternative Electricity Stock performance is monitored by analyzing STOXX equity indices of major Alternative Electricity companies while Alternative Electricity credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Alternative Electricity high yield corporate bond market.

MacroVar also monitors fundamental indicators closely linked to the Alternative Electricity sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Alternative Electricity industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Alternative Electricity momentum, Alternative Electricity trend, Alternative Electricity oscillator, Alternative Electricity RSI and Alternative Electricity returns.

Alternative Electricity industry Description

The subsector of Alternative Electricity includes companies generating and distributing electricity from a renewable source. Includes companies that produce solar, water, wind and geothermal electricity.

Alternative Electricity industry Momentum

Momentum 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 Descriptionmarket 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.

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

Alternative Electricity industry trend

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

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

Alternative Electricity industry oscillator

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

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

Alternative Electricity 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 Alternative Electricity is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringAlternative Electricity 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.

Alternative Electricity industry returns

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

Alternative Electricity returns = (Alternative Electricity Closing Price – Alternative Electricity Previous Price)/(Alternative Electricity Previous Price)

Alternative Electricity industry

Monitor and predict the growth prospects and potential risks of the Alternative Electricity industry by examining the financial and macroeconomic factors affecting it and the latest Alternative Electricity news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Alternative Electricity updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Alternative Electricity industry trend, growth prospects and risks.

Alternative Electricity industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Alternative Electricity industry US.ALTERNATIVELECTR 1193.15 1 1 4.31047 84.5128 1.82 -0.1 -6.97 0.68489

Alternative Electricity industry News

Alternative Electricity industry Analysis

MacroVar monitors the performance, risk, trend and momentum of the Alternative Electricity industry by examining the stock and credit performance of major Alternative Electricity companies across the US, Europe, Eastern Europe and Asia Pacific. Alternative Electricity Stock performance is monitored by analyzing STOXX equity indices of major Alternative Electricity companies while Alternative Electricity credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Alternative Electricity high yield corporate bond market.

MacroVar also monitors fundamental indicators closely linked to the Alternative Electricity sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Alternative Electricity industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Alternative Electricity momentum, Alternative Electricity trend, Alternative Electricity oscillator, Alternative Electricity RSI and Alternative Electricity returns.

Alternative Electricity industry Description

The subsector of Alternative Electricity includes companies generating and distributing electricity from a renewable source. Includes companies that produce solar, water, wind and geothermal electricity.

Alternative Electricity industry Momentum

Momentum 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 Descriptionmarket 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.

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

Alternative Electricity industry trend

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

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

Alternative Electricity industry oscillator

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

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

Alternative Electricity 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 Alternative Electricity is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringAlternative Electricity 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.

Alternative Electricity industry returns

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

Alternative Electricity returns = (Alternative Electricity Closing Price – Alternative Electricity Previous Price)/(Alternative Electricity Previous Price)

Alternative Electricity industry

Monitor and predict the growth prospects and potential risks of the Alternative Electricity industry by examining the financial and macroeconomic factors affecting it and the latest Alternative Electricity news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Alternative Electricity updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Alternative Electricity industry trend, growth prospects and risks.

Alternative Electricity industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Alternative Electricity industry US.ALTERNATIVELECTR 1193.15 1 1 4.31047 84.5128 1.82 -0.1 -6.97 0.68489

Alternative Electricity industry News

Alternative Electricity industry Analysis

MacroVar monitors the performance, risk, trend and momentum of the Alternative Electricity industry by examining the stock and credit performance of major Alternative Electricity companies across the US, Europe, Eastern Europe and Asia Pacific. Alternative Electricity Stock performance is monitored by analyzing STOXX equity indices of major Alternative Electricity companies while Alternative Electricity credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Alternative Electricity high yield corporate bond market.

MacroVar also monitors fundamental indicators closely linked to the Alternative Electricity sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Alternative Electricity industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Alternative Electricity momentum, Alternative Electricity trend, Alternative Electricity oscillator, Alternative Electricity RSI and Alternative Electricity returns.

Alternative Electricity industry Description

The subsector of Alternative Electricity includes companies generating and distributing electricity from a renewable source. Includes companies that produce solar, water, wind and geothermal electricity.

Alternative Electricity industry Momentum

Momentum 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 Descriptionmarket 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.

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

Alternative Electricity industry trend

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

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

Alternative Electricity industry oscillator

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

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

Alternative Electricity 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 Alternative Electricity is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringAlternative Electricity 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.

Alternative Electricity industry returns

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

Alternative Electricity returns = (Alternative Electricity Closing Price – Alternative Electricity Previous Price)/(Alternative Electricity Previous Price)

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