Commercial Vehicles & Trucks industry

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

Commercial Vehicles & Trucks industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Commercial Vehicles & Trucks industry US.COMVEHICLES 3408.9 1 0.75 1.06858 66.164 0.00494 0.04804 0.07595 -0.00845

Commercial Vehicles & Trucks industry News

Commercial Vehicles & Trucks industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Commercial Vehicles & Trucks 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 Commercial Vehicles & Trucks industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Commercial Vehicles & Trucks momentum, Commercial Vehicles & Trucks trend, Commercial Vehicles & Trucks oscillator, Commercial Vehicles & Trucks RSI and Commercial Vehicles & Trucks returns.

Commercial Vehicles & Trucks description

The Commercial Vehicles & Trucks industry subsector includes companies engaged in the manufacturing and distribution of commercial vehicles and heavy agricultural and construction machinery, including rail cars, tractors, bulldozers, cranes, buses and industrial lawn mowers. Includes nonmilitary shipbuilders, such as builders of cruise ships and ferries.

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

Commercial Vehicles & Trucks trend

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

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

Commercial Vehicles & Trucks oscillator

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

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

Commercial Vehicles & Trucks 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 Commercial Vehicles & Trucks is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringCommercial Vehicles & Trucks 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.

Commercial Vehicles & Trucks returns

MacroVar calculates Commercial Vehicles & Trucks returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Commercial Vehicles & Trucks returns = (Commercial Vehicles & Trucks Closing Price – Commercial Vehicles & Trucks Previous Price)/(Commercial Vehicles & Trucks Previous Price)

Commercial Vehicles & Trucks industry

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

Commercial Vehicles & Trucks industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Commercial Vehicles & Trucks industry US.COMVEHICLES 3408.9 1 0.75 1.06858 66.164 0.00494 0.04804 0.07595 -0.00845

Commercial Vehicles & Trucks industry News

Commercial Vehicles & Trucks industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Commercial Vehicles & Trucks 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 Commercial Vehicles & Trucks industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Commercial Vehicles & Trucks momentum, Commercial Vehicles & Trucks trend, Commercial Vehicles & Trucks oscillator, Commercial Vehicles & Trucks RSI and Commercial Vehicles & Trucks returns.

Commercial Vehicles & Trucks description

The Commercial Vehicles & Trucks industry subsector includes companies engaged in the manufacturing and distribution of commercial vehicles and heavy agricultural and construction machinery, including rail cars, tractors, bulldozers, cranes, buses and industrial lawn mowers. Includes nonmilitary shipbuilders, such as builders of cruise ships and ferries.

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

Commercial Vehicles & Trucks trend

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

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

Commercial Vehicles & Trucks oscillator

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

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

Commercial Vehicles & Trucks 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 Commercial Vehicles & Trucks is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringCommercial Vehicles & Trucks 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.

Commercial Vehicles & Trucks returns

MacroVar calculates Commercial Vehicles & Trucks returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Commercial Vehicles & Trucks returns = (Commercial Vehicles & Trucks Closing Price – Commercial Vehicles & Trucks Previous Price)/(Commercial Vehicles & Trucks Previous Price)

Commercial Vehicles & Trucks industry

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

Commercial Vehicles & Trucks industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Commercial Vehicles & Trucks industry US.COMVEHICLES 3408.9 1 0.75 1.06858 66.164 0.00494 0.04804 0.07595 -0.00845

Commercial Vehicles & Trucks industry News

Commercial Vehicles & Trucks industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Commercial Vehicles & Trucks 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 Commercial Vehicles & Trucks industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Commercial Vehicles & Trucks momentum, Commercial Vehicles & Trucks trend, Commercial Vehicles & Trucks oscillator, Commercial Vehicles & Trucks RSI and Commercial Vehicles & Trucks returns.

Commercial Vehicles & Trucks description

The Commercial Vehicles & Trucks industry subsector includes companies engaged in the manufacturing and distribution of commercial vehicles and heavy agricultural and construction machinery, including rail cars, tractors, bulldozers, cranes, buses and industrial lawn mowers. Includes nonmilitary shipbuilders, such as builders of cruise ships and ferries.

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

Commercial Vehicles & Trucks trend

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

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

Commercial Vehicles & Trucks oscillator

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

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

Commercial Vehicles & Trucks 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 Commercial Vehicles & Trucks is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringCommercial Vehicles & Trucks 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.

Commercial Vehicles & Trucks returns

MacroVar calculates Commercial Vehicles & Trucks returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Commercial Vehicles & Trucks returns = (Commercial Vehicles & Trucks Closing Price – Commercial Vehicles & Trucks Previous Price)/(Commercial Vehicles & Trucks Previous Price)

Commercial Vehicles & Trucks industry

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

Commercial Vehicles & Trucks industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Commercial Vehicles & Trucks industry US.COMVEHICLES 3408.9 1 0.75 1.06858 66.164 0.00494 0.04804 0.07595 -0.00845

Commercial Vehicles & Trucks industry News

Commercial Vehicles & Trucks industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Commercial Vehicles & Trucks 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 Commercial Vehicles & Trucks industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Commercial Vehicles & Trucks momentum, Commercial Vehicles & Trucks trend, Commercial Vehicles & Trucks oscillator, Commercial Vehicles & Trucks RSI and Commercial Vehicles & Trucks returns.

Commercial Vehicles & Trucks description

The Commercial Vehicles & Trucks industry subsector includes companies engaged in the manufacturing and distribution of commercial vehicles and heavy agricultural and construction machinery, including rail cars, tractors, bulldozers, cranes, buses and industrial lawn mowers. Includes nonmilitary shipbuilders, such as builders of cruise ships and ferries.

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

Commercial Vehicles & Trucks trend

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

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

Commercial Vehicles & Trucks oscillator

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

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

Commercial Vehicles & Trucks 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 Commercial Vehicles & Trucks is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringCommercial Vehicles & Trucks 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.

Commercial Vehicles & Trucks returns

MacroVar calculates Commercial Vehicles & Trucks returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Commercial Vehicles & Trucks returns = (Commercial Vehicles & Trucks Closing Price – Commercial Vehicles & Trucks Previous Price)/(Commercial Vehicles & Trucks Previous Price)