Broadcasting & Entertainment industry

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

Broadcasting & Entertainment industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Broadcasting & Entertainment industry US.BROADCASTING 2033.31 0.5 1 2.15747 62.6925 -0.87 1.93 2.35 0.16511

Broadcasting & Entertainment industry News

Broadcasting & Entertainment industry Analysis

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

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

MacroVar estimates the following signals:: Broadcasting & Entertainment momentum, Broadcasting & Entertainment trend, Broadcasting & Entertainment oscillator, Broadcasting & Entertainment RSI and Broadcasting & Entertainment returns.

Broadcasting & Entertainment industry Description

The subsector of Broadcasting & Entertainment includes Producers, operators and broadcasters of radio, television, music and filmed entertainment. Excludes movie theaters, which are classified under Recreational Services.

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

Broadcasting & Entertainment industry trend

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

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

Broadcasting & Entertainment industry oscillator

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

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

Broadcasting & Entertainment 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 Broadcasting & Entertainment is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringBroadcasting & Entertainment 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.

Broadcasting & Entertainment industry returns

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

Broadcasting & Entertainment returns = (Broadcasting & Entertainment Closing Price – Broadcasting & Entertainment Previous Price)/(Broadcasting & Entertainment Previous Price)

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