Conventional Electricity industry

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

Conventional Electricity industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Conventional Electricity industry US.CONVENTIONALELECTR 303.52 1 0.75 0.55612 56.4548 -0.14 2.14 -2.12 -0.05938

Conventional Electricity industry News

Conventional Electricity industry Analysis

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

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

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

Conventional Electricity industry Description

The subsector of Conventional Electricity includes companies generating and distributing electricity through the burning of fossil fuels such as coal, petroleum and natural gas, and through nuclear energy.

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

Conventional Electricity industry trend

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

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

Conventional Electricity industry oscillator

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

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

Conventional Electricity 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 Conventional Electricity is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringConventional Electricity 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.

Conventional Electricity industry returns

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

Conventional Electricity returns = (Conventional Electricity Closing Price – Conventional Electricity Previous Price)/(Conventional Electricity Previous Price)

Conventional Electricity industry

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

Conventional Electricity industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Conventional Electricity industry US.CONVENTIONALELECTR 303.52 1 0.75 0.55612 56.4548 -0.14 2.14 -2.12 -0.05938

Conventional Electricity industry News

Conventional Electricity industry Analysis

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

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

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

Conventional Electricity industry Description

The subsector of Conventional Electricity includes companies generating and distributing electricity through the burning of fossil fuels such as coal, petroleum and natural gas, and through nuclear energy.

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

Conventional Electricity industry trend

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

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

Conventional Electricity industry oscillator

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

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

Conventional Electricity 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 Conventional Electricity is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringConventional Electricity 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.

Conventional Electricity industry returns

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

Conventional Electricity returns = (Conventional Electricity Closing Price – Conventional Electricity Previous Price)/(Conventional Electricity Previous Price)

Conventional Electricity industry

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

Conventional Electricity industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Conventional Electricity industry US.CONVENTIONALELECTR 303.52 1 0.75 0.55612 56.4548 -0.14 2.14 -2.12 -0.05938

Conventional Electricity industry News

Conventional Electricity industry Analysis

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

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

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

Conventional Electricity industry Description

The subsector of Conventional Electricity includes companies generating and distributing electricity through the burning of fossil fuels such as coal, petroleum and natural gas, and through nuclear energy.

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

Conventional Electricity industry trend

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

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

Conventional Electricity industry oscillator

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

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

Conventional Electricity 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 Conventional Electricity is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringConventional Electricity 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.

Conventional Electricity industry returns

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

Conventional Electricity returns = (Conventional Electricity Closing Price – Conventional Electricity Previous Price)/(Conventional Electricity Previous Price)

Conventional Electricity industry

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

Conventional Electricity industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Conventional Electricity industry US.CONVENTIONALELECTR 303.52 1 0.75 0.55612 56.4548 -0.14 2.14 -2.12 -0.05938

Conventional Electricity industry News

Conventional Electricity industry Analysis

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

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

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

Conventional Electricity industry Description

The subsector of Conventional Electricity includes companies generating and distributing electricity through the burning of fossil fuels such as coal, petroleum and natural gas, and through nuclear energy.

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

Conventional Electricity industry trend

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

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

Conventional Electricity industry oscillator

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

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

Conventional Electricity 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 Conventional Electricity is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringConventional Electricity 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.

Conventional Electricity industry returns

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

Conventional Electricity returns = (Conventional Electricity Closing Price – Conventional Electricity Previous Price)/(Conventional Electricity Previous Price)

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