Durable Household Products industry

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

Durable Household Products industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Durable Household Products industry US.DURHOUSEPRODUCTS 264.02 0 -1 -2.21176 42.777 0.00057 0.03929 -0.07798 -0.2049

Durable Household Products industry News

Durable Household Products industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Durable Household Products 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 Durable Household Products industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Durable Household Products momentum, Durable Household Products trend, Durable Household Products oscillator, Durable Household Products RSI and Durable Household Products returns.

Durable Household Products industry Description

The subsector of Durable Household Products includes companies engaged in the manufacturing and distribution of domestic appliances, lighting, hand tools and power tools, hardware, cutlery, tableware, garden equipment, luggage, towels and linens.

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

Durable Household Products industry trend

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

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

Durable Household Products industry oscillator

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

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

Durable Household Products 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 Durable Household Products is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringDurable Household Products 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.

Durable Household Products industry returns

MacroVar calculates Durable Household Products returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Durable Household Products returns = (Durable Household Products Closing Price – Durable Household Products Previous Price)/(Durable Household Products Previous Price)

Durable Household Products industry

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

Durable Household Products industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Durable Household Products industry US.DURHOUSEPRODUCTS 264.02 0 -1 -2.21176 42.777 0.00057 0.03929 -0.07798 -0.2049

Durable Household Products industry News

Durable Household Products industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Durable Household Products 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 Durable Household Products industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Durable Household Products momentum, Durable Household Products trend, Durable Household Products oscillator, Durable Household Products RSI and Durable Household Products returns.

Durable Household Products industry Description

The subsector of Durable Household Products includes companies engaged in the manufacturing and distribution of domestic appliances, lighting, hand tools and power tools, hardware, cutlery, tableware, garden equipment, luggage, towels and linens.

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

Durable Household Products industry trend

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

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

Durable Household Products industry oscillator

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

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

Durable Household Products 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 Durable Household Products is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringDurable Household Products 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.

Durable Household Products industry returns

MacroVar calculates Durable Household Products returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Durable Household Products returns = (Durable Household Products Closing Price – Durable Household Products Previous Price)/(Durable Household Products Previous Price)

Durable Household Products industry

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

Durable Household Products industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Durable Household Products industry US.DURHOUSEPRODUCTS 264.02 0 -1 -2.21176 42.777 0.00057 0.03929 -0.07798 -0.2049

Durable Household Products industry News

Durable Household Products industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Durable Household Products 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 Durable Household Products industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Durable Household Products momentum, Durable Household Products trend, Durable Household Products oscillator, Durable Household Products RSI and Durable Household Products returns.

Durable Household Products industry Description

The subsector of Durable Household Products includes companies engaged in the manufacturing and distribution of domestic appliances, lighting, hand tools and power tools, hardware, cutlery, tableware, garden equipment, luggage, towels and linens.

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

Durable Household Products industry trend

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

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

Durable Household Products industry oscillator

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

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

Durable Household Products 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 Durable Household Products is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringDurable Household Products 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.

Durable Household Products industry returns

MacroVar calculates Durable Household Products returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Durable Household Products returns = (Durable Household Products Closing Price – Durable Household Products Previous Price)/(Durable Household Products Previous Price)

Durable Household Products industry

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

Durable Household Products industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Durable Household Products industry US.DURHOUSEPRODUCTS 264.02 0 -1 -2.21176 42.777 0.00057 0.03929 -0.07798 -0.2049

Durable Household Products industry News

Durable Household Products industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Durable Household Products 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 Durable Household Products industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Durable Household Products momentum, Durable Household Products trend, Durable Household Products oscillator, Durable Household Products RSI and Durable Household Products returns.

Durable Household Products industry Description

The subsector of Durable Household Products includes companies engaged in the manufacturing and distribution of domestic appliances, lighting, hand tools and power tools, hardware, cutlery, tableware, garden equipment, luggage, towels and linens.

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

Durable Household Products industry trend

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

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

Durable Household Products industry oscillator

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

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

Durable Household Products 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 Durable Household Products is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringDurable Household Products 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.

Durable Household Products industry returns

MacroVar calculates Durable Household Products returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Durable Household Products returns = (Durable Household Products Closing Price – Durable Household Products Previous Price)/(Durable Household Products Previous Price)