Food & Drug Retailers industry

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

Food & Drug Retailers industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Food & Drug Retailers industry US.FOODDRUGRETAILERS 887.42 1 1 1.75747 60.6199 1.44 1.76 3.71 0.10178
Europe Food & Drug Retailers industry EU.FOOD 602.65 0.5 1 1.80084 60.9412 1.45 0.43 4.77 0.11118
US Food & Drug Retailers Credit Spreads US.FOODDRUGRETAILERS.CR 110.98 -0.5 -1 -1.10869 31.7819 1.08 4.59 0.77 -0.10778

Food & Drug Retailers industry News

Food & Drug Retailers industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Food & Drug Retailers 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 Food & Drug Retailers industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Food & Drug Retailers momentum, Food & Drug Retailers trend, Food & Drug Retailers oscillator, Food & Drug Retailers RSI and Food & Drug Retailers returns.

Food & Drug Retailers industry Description

The sector of Food & Drug Retailers includes Drug Retailers and Food Retailers & Wholesalers.
The subsector of Drug Retailers includes Operators of pharmacies, including wholesalers and distributors catering to these businesses.
The subsector of Food Retailers & Wholesalers includes supermarkets, food-oriented convenience stores and other food retailers and distributors. Includes retailers of dietary supplements and vitamins.

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

Food & Drug Retailers industry trend

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

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

Food & Drug Retailers industry oscillator

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

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

Food & Drug Retailers 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 Food & Drug Retailers is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringFood & Drug Retailers 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.

Food & Drug Retailers industry returns

MacroVar calculates Food & Drug Retailers returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Food & Drug Retailers returns = (Food & Drug Retailers Closing Price – Food & Drug Retailers Previous Price)/(Food & Drug Retailers Previous Price)

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