Broadline Retailers industry
Monitor and predict the growth prospects and potential risks of the Broadline Retailers industry by examining the financial and macroeconomic factors affecting it and the latest Broadline Retailers news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Broadline Retailers 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 Broadline Retailers industry trend, growth prospects and risks.
Broadline Retailers industry Markets
Broadline Retailers industry News
Broadline Retailers industry Analysis
MacroVar monitors the performance, risk, trend and momentum of the Broadline Retailers industry by examining the stock and credit performance of major Broadline Retailers companies across the US, Europe, Eastern Europe and Asia Pacific. Broadline Retailers Stock performance is monitored by analyzing STOXX equity indices of major Broadline Retailers companies while Broadline Retailers credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Broadline Retailers high yield corporate bond market.
MacroVar also monitors fundamental indicators closely linked to the Broadline Retailers 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 Broadline Retailers industry like closely related financial markets or macroeconmic indicators.
MacroVar estimates the following signals:: Broadline Retailers momentum, Broadline Retailers trend, Broadline Retailers oscillator, Broadline Retailers RSI and Broadline Retailers returns.
Broadline Retailers industry Description
The subsector of Broadline Retailers includes Retail outlets and wholesalers offering a wide variety of products including both hard goods and soft goods.
Broadline Retailers industry MomentumMomentum 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 Broadline Retailers momentum signal ranges from -100 to +100. The Broadline Retailers momentum signal is derived as the mean value from 4 calculations for the Broadline Retailers . 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. Broadline Retailers 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. Broadline Retailers momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Broadline Retailers momentum signal moves from positive to negative value or vice-versa.
Broadline Retailers industry trendBroadline Retailers trend signal ranges from -100 to +100. Broadline Retailers 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. Broadline Retailers Closing price vs Broadline Retailers moving average (MA) calculation: If Broadline Retailers is greater than Broadline Retailers MA value is +1, else -1, 2. Broadline Retailers Moving average slope calculation: if current Broadline Retailers moving average is higher than the previous MA, Broadline Retailers upward slope +1, else -1
Broadline Retailers trend model can be used as a trend strength indicator. Broadline Retailers trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Broadline Retailers trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The Broadline Retailers 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Broadline Retailers is in an uptrend when Broadline Retailers price is higher than the 52-week moving average and the Broadline Retailers 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 Broadline Retailers oscillator and Broadline Retailers RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
Broadline Retailers industry oscillatorThe Broadline Retailers oscillator estimated by MacroVar is the z-score of the currentBroadline Retailers price versus Broadline Retailers 1-year simple moving average price. The formula for the Broadline Retailers oscillator is:
Broadline Retailers oscillator = (Current Price – 250 trading days Broadline Retailers simple moving average price) / (250 days Broadline Retailers price standard deviation)
Broadline Retailers oversold conditions
Broadline Retailers is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Broadline Retailers is oversold it is often due for a rebound. Values of the Broadline Retailers oscillator lower than -2.5 signify oversold conditions. It must be noted that the Broadline Retailers oscillator must be analyzed ibn conjunction with the rest ofBroadline Retailers 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 Broadline Retailers RSI.
Broadline Retailers overbought conditions
Broadline Retailers is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Broadline Retailers is overbought it is often due for a correction. Values of the Broadline Retailers oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Broadline Retailers 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.
Broadline Retailers 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 Broadline Retailers is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringBroadline Retailers 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.
Broadline Retailers industry returnsMacroVar calculates Broadline Retailers returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:
Broadline Retailers returns = (Broadline Retailers Closing Price – Broadline Retailers Previous Price)/(Broadline Retailers Previous Price)