Farming & Fishing industry

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

Farming & Fishing industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Farming & Fishing industry US.FARMINGFISHING 3908.63 1 0.5 -0.15739 74.8397 0.0136 0.10872 0.34489 -0.20582

Farming & Fishing industry News

Farming & Fishing industry Analysis

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

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

MacroVar estimates the following signals:: Farming & Fishing momentum, Farming & Fishing trend, Farming & Fishing oscillator, Farming & Fishing RSI and Farming & Fishing returns.

Farming & Fishing industry Description

The subsector of Farming & Fishing includes companies that grow crops or raise livestock, operate fisheries or own nontobacco plantations. Includes manufacturers of livestock feeds and seeds and other agricultural products but excludes manufacturers of fertilizers or pesticides, which are classified under Specialty Chemicals

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

Farming & Fishing industry trend

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

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

Farming & Fishing industry oscillator

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

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

Farming & Fishing 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 Farming & Fishing is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringFarming & Fishing 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.

Farming & Fishing industry returns

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

Farming & Fishing returns = (Farming & Fishing Closing Price – Farming & Fishing Previous Price)/(Farming & Fishing Previous Price)

Farming & Fishing industry

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

Farming & Fishing industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Farming & Fishing industry US.FARMINGFISHING 3908.63 1 0.5 -0.15739 74.8397 0.0136 0.10872 0.34489 -0.20582

Farming & Fishing industry News

Farming & Fishing industry Analysis

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

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

MacroVar estimates the following signals:: Farming & Fishing momentum, Farming & Fishing trend, Farming & Fishing oscillator, Farming & Fishing RSI and Farming & Fishing returns.

Farming & Fishing industry Description

The subsector of Farming & Fishing includes companies that grow crops or raise livestock, operate fisheries or own nontobacco plantations. Includes manufacturers of livestock feeds and seeds and other agricultural products but excludes manufacturers of fertilizers or pesticides, which are classified under Specialty Chemicals

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

Farming & Fishing industry trend

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

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

Farming & Fishing industry oscillator

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

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

Farming & Fishing 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 Farming & Fishing is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringFarming & Fishing 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.

Farming & Fishing industry returns

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

Farming & Fishing returns = (Farming & Fishing Closing Price – Farming & Fishing Previous Price)/(Farming & Fishing Previous Price)

Farming & Fishing industry

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

Farming & Fishing industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Farming & Fishing industry US.FARMINGFISHING 3908.63 1 0.5 -0.15739 74.8397 0.0136 0.10872 0.34489 -0.20582

Farming & Fishing industry News

Farming & Fishing industry Analysis

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

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

MacroVar estimates the following signals:: Farming & Fishing momentum, Farming & Fishing trend, Farming & Fishing oscillator, Farming & Fishing RSI and Farming & Fishing returns.

Farming & Fishing industry Description

The subsector of Farming & Fishing includes companies that grow crops or raise livestock, operate fisheries or own nontobacco plantations. Includes manufacturers of livestock feeds and seeds and other agricultural products but excludes manufacturers of fertilizers or pesticides, which are classified under Specialty Chemicals

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

Farming & Fishing industry trend

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

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

Farming & Fishing industry oscillator

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

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

Farming & Fishing 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 Farming & Fishing is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringFarming & Fishing 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.

Farming & Fishing industry returns

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

Farming & Fishing returns = (Farming & Fishing Closing Price – Farming & Fishing Previous Price)/(Farming & Fishing Previous Price)

Farming & Fishing industry

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

Farming & Fishing industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Farming & Fishing industry US.FARMINGFISHING 3908.63 1 0.5 -0.15739 74.8397 0.0136 0.10872 0.34489 -0.20582

Farming & Fishing industry News

Farming & Fishing industry Analysis

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

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

MacroVar estimates the following signals:: Farming & Fishing momentum, Farming & Fishing trend, Farming & Fishing oscillator, Farming & Fishing RSI and Farming & Fishing returns.

Farming & Fishing industry Description

The subsector of Farming & Fishing includes companies that grow crops or raise livestock, operate fisheries or own nontobacco plantations. Includes manufacturers of livestock feeds and seeds and other agricultural products but excludes manufacturers of fertilizers or pesticides, which are classified under Specialty Chemicals

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

Farming & Fishing industry trend

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

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

Farming & Fishing industry oscillator

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

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

Farming & Fishing 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 Farming & Fishing is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringFarming & Fishing 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.

Farming & Fishing industry returns

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

Farming & Fishing returns = (Farming & Fishing Closing Price – Farming & Fishing Previous Price)/(Farming & Fishing Previous Price)