Furnishings industry

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

Furnishings industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Furnishings industry US.FURNISHINGS 480.73 1 1 1.65523 63.8365 -0.18 2.17 -4.45 0.02368

Furnishings industry News

Furnishings industry Analysis

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

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

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

Furnishings industry Description

The subsector of Furnishings includes companies engaged in the manufacturing and distribution of furniture, including chairs, tables, desks, carpeting, wallpaper and office furniture.

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

Furnishings industry trend

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

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

Furnishings industry oscillator

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

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

Furnishings 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 Furnishings is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringFurnishings 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.

Furnishings industry returns

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

Furnishings returns = (Furnishings Closing Price – Furnishings Previous Price)/(Furnishings Previous Price)

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