Beverages industry

Monitor and predict the growth prospects and potential risks of the Beverages industry by examining the financial and macroeconomic factors affecting it and the latest Beverages news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Beverages 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 Beverages industry trend, growth prospects and risks.

Beverages industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Beverages industry US.BEVERAGES 939.75 0 0.25 0.74243 50.1868 0.00785 0.05097 -0.0247 0.0916
Europe Beverages industry EU.BEVERAGES 1597.21 1 1 1.61541 71.2415 0.00645 0.0108 0.05156 0.20746
US Beverages Credit Spreads US.BEVERAGES.CR 140.98 -0.5 0.5 2.03349 42.222 -0.00226 -0.14769 -0.03564 0.38406

Beverages industry News

Beverages industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Beverages 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 Beverages industry like closely related financial markets or macroeconmic indicators.

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

Beverages industry description

The sector of Beverages includes the subsectors of Brewers, Distillers & Vintners and Soft Drinks.
The subsector of Brewers includes companies engaged in the manufacturing and shipping of cider or malt products such as beer, ale and stout.
The subsector of Distillers & Vintners includes companies like Producers, distillers, vintners, blenders and shippers of wine and spirits such as whisky, brandy, rum, gin or liqueurs.
The subsector of Soft Drinks includes companies like Manufacturers, bottlers and distributors of nonalcoholic beverages, such as soda, fruit juices, tea, coffee and bottled water.

Beverages 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 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.

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

Beverages industry trend

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

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

Beverages industry oscillator

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

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

Beverages 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 Beverages is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringBeverages 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.

Beverages industry returns

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

Beverages returns = (Beverages Closing Price – Beverages Previous Price)/(Beverages Previous Price)

Beverages industry

Monitor and predict the growth prospects and potential risks of the Beverages industry by examining the financial and macroeconomic factors affecting it and the latest Beverages news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Beverages 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 Beverages industry trend, growth prospects and risks.

Beverages industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Beverages industry US.BEVERAGES 939.75 0 0.25 0.74243 50.1868 0.00785 0.05097 -0.0247 0.0916
Europe Beverages industry EU.BEVERAGES 1597.21 1 1 1.61541 71.2415 0.00645 0.0108 0.05156 0.20746
US Beverages Credit Spreads US.BEVERAGES.CR 140.98 -0.5 0.5 2.03349 42.222 -0.00226 -0.14769 -0.03564 0.38406

Beverages industry News

Beverages industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Beverages 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 Beverages industry like closely related financial markets or macroeconmic indicators.

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

Beverages industry description

The sector of Beverages includes the subsectors of Brewers, Distillers & Vintners and Soft Drinks.
The subsector of Brewers includes companies engaged in the manufacturing and shipping of cider or malt products such as beer, ale and stout.
The subsector of Distillers & Vintners includes companies like Producers, distillers, vintners, blenders and shippers of wine and spirits such as whisky, brandy, rum, gin or liqueurs.
The subsector of Soft Drinks includes companies like Manufacturers, bottlers and distributors of nonalcoholic beverages, such as soda, fruit juices, tea, coffee and bottled water.

Beverages 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 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.

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

Beverages industry trend

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

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

Beverages industry oscillator

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

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

Beverages 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 Beverages is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringBeverages 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.

Beverages industry returns

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

Beverages returns = (Beverages Closing Price – Beverages Previous Price)/(Beverages Previous Price)

Beverages industry

Monitor and predict the growth prospects and potential risks of the Beverages industry by examining the financial and macroeconomic factors affecting it and the latest Beverages news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Beverages 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 Beverages industry trend, growth prospects and risks.

Beverages industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Beverages industry US.BEVERAGES 939.75 0 0.25 0.74243 50.1868 0.00785 0.05097 -0.0247 0.0916
Europe Beverages industry EU.BEVERAGES 1597.21 1 1 1.61541 71.2415 0.00645 0.0108 0.05156 0.20746
US Beverages Credit Spreads US.BEVERAGES.CR 140.98 -0.5 0.5 2.03349 42.222 -0.00226 -0.14769 -0.03564 0.38406

Beverages industry News

Beverages industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Beverages 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 Beverages industry like closely related financial markets or macroeconmic indicators.

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

Beverages industry description

The sector of Beverages includes the subsectors of Brewers, Distillers & Vintners and Soft Drinks.
The subsector of Brewers includes companies engaged in the manufacturing and shipping of cider or malt products such as beer, ale and stout.
The subsector of Distillers & Vintners includes companies like Producers, distillers, vintners, blenders and shippers of wine and spirits such as whisky, brandy, rum, gin or liqueurs.
The subsector of Soft Drinks includes companies like Manufacturers, bottlers and distributors of nonalcoholic beverages, such as soda, fruit juices, tea, coffee and bottled water.

Beverages 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 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.

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

Beverages industry trend

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

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

Beverages industry oscillator

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

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

Beverages 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 Beverages is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringBeverages 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.

Beverages industry returns

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

Beverages returns = (Beverages Closing Price – Beverages Previous Price)/(Beverages Previous Price)

Beverages industry

Monitor and predict the growth prospects and potential risks of the Beverages industry by examining the financial and macroeconomic factors affecting it and the latest Beverages news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Beverages 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 Beverages industry trend, growth prospects and risks.

Beverages industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Beverages industry US.BEVERAGES 939.75 0 0.25 0.74243 50.1868 0.00785 0.05097 -0.0247 0.0916
Europe Beverages industry EU.BEVERAGES 1597.21 1 1 1.61541 71.2415 0.00645 0.0108 0.05156 0.20746
US Beverages Credit Spreads US.BEVERAGES.CR 140.98 -0.5 0.5 2.03349 42.222 -0.00226 -0.14769 -0.03564 0.38406

Beverages industry News

Beverages industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Beverages 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 Beverages industry like closely related financial markets or macroeconmic indicators.

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

Beverages industry description

The sector of Beverages includes the subsectors of Brewers, Distillers & Vintners and Soft Drinks.
The subsector of Brewers includes companies engaged in the manufacturing and shipping of cider or malt products such as beer, ale and stout.
The subsector of Distillers & Vintners includes companies like Producers, distillers, vintners, blenders and shippers of wine and spirits such as whisky, brandy, rum, gin or liqueurs.
The subsector of Soft Drinks includes companies like Manufacturers, bottlers and distributors of nonalcoholic beverages, such as soda, fruit juices, tea, coffee and bottled water.

Beverages 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 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.

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

Beverages industry trend

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

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

Beverages industry oscillator

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

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

Beverages 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 Beverages is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringBeverages 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.

Beverages industry returns

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

Beverages returns = (Beverages Closing Price – Beverages Previous Price)/(Beverages Previous Price)