Containers & Packaging industry

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

Containers & Packaging industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Containers & Packaging industry US.CONTAINERSPACK 510.78 1 0.5 -0.33015 58.992 0.00476 0.06563 0.00381 0.0394

Containers & Packaging industry News

Containers & Packaging industry Analysis

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

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

MacroVar estimates the following signals:: Containers & Packaging momentum, Containers & Packaging trend, Containers & Packaging oscillator, Containers & Packaging RSI and Containers & Packaging returns.

Containers & Packaging industry description

The Containers & Packaging subsector includes companies engaged in production and distribution of cardboard, bags, boxes, cans, drums, bottles and jars and glass used for packaging.

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

Containers & Packaging industry trend

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

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

Containers & Packaging industry oscillator

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

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

Containers & Packaging 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 Containers & Packaging is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringContainers & Packaging 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.

Containers & Packaging industry returns

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

Containers & Packaging returns = (Containers & Packaging Closing Price – Containers & Packaging Previous Price)/(Containers & Packaging Previous Price)

Containers & Packaging industry

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

Containers & Packaging industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Containers & Packaging industry US.CONTAINERSPACK 510.78 1 0.5 -0.33015 58.992 0.00476 0.06563 0.00381 0.0394

Containers & Packaging industry News

Containers & Packaging industry Analysis

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

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

MacroVar estimates the following signals:: Containers & Packaging momentum, Containers & Packaging trend, Containers & Packaging oscillator, Containers & Packaging RSI and Containers & Packaging returns.

Containers & Packaging industry description

The Containers & Packaging subsector includes companies engaged in production and distribution of cardboard, bags, boxes, cans, drums, bottles and jars and glass used for packaging.

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

Containers & Packaging industry trend

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

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

Containers & Packaging industry oscillator

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

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

Containers & Packaging 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 Containers & Packaging is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringContainers & Packaging 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.

Containers & Packaging industry returns

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

Containers & Packaging returns = (Containers & Packaging Closing Price – Containers & Packaging Previous Price)/(Containers & Packaging Previous Price)

Containers & Packaging industry

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

Containers & Packaging industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Containers & Packaging industry US.CONTAINERSPACK 510.78 1 0.5 -0.33015 58.992 0.00476 0.06563 0.00381 0.0394

Containers & Packaging industry News

Containers & Packaging industry Analysis

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

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

MacroVar estimates the following signals:: Containers & Packaging momentum, Containers & Packaging trend, Containers & Packaging oscillator, Containers & Packaging RSI and Containers & Packaging returns.

Containers & Packaging industry description

The Containers & Packaging subsector includes companies engaged in production and distribution of cardboard, bags, boxes, cans, drums, bottles and jars and glass used for packaging.

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

Containers & Packaging industry trend

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

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

Containers & Packaging industry oscillator

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

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

Containers & Packaging 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 Containers & Packaging is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringContainers & Packaging 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.

Containers & Packaging industry returns

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

Containers & Packaging returns = (Containers & Packaging Closing Price – Containers & Packaging Previous Price)/(Containers & Packaging Previous Price)

Containers & Packaging industry

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

Containers & Packaging industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Containers & Packaging industry US.CONTAINERSPACK 510.78 1 0.5 -0.33015 58.992 0.00476 0.06563 0.00381 0.0394

Containers & Packaging industry News

Containers & Packaging industry Analysis

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

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

MacroVar estimates the following signals:: Containers & Packaging momentum, Containers & Packaging trend, Containers & Packaging oscillator, Containers & Packaging RSI and Containers & Packaging returns.

Containers & Packaging industry description

The Containers & Packaging subsector includes companies engaged in production and distribution of cardboard, bags, boxes, cans, drums, bottles and jars and glass used for packaging.

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

Containers & Packaging industry trend

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

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

Containers & Packaging industry oscillator

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

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

Containers & Packaging 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 Containers & Packaging is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringContainers & Packaging 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.

Containers & Packaging industry returns

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

Containers & Packaging returns = (Containers & Packaging Closing Price – Containers & Packaging Previous Price)/(Containers & Packaging Previous Price)