Gas Distribution industry

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

Gas Distribution industry Markets

MarketSymbolLastMomTrendExhRSI1D%1W%1M%1Y%
US Gas Distribution industryUS.GASDISTRIBUTION283.350.50-0.3649252.6538-1.05-0.02-1.54-0.19344

Gas Distribution industry News

Gas Distribution industry Analysis

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

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

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

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

Gas Distribution trend

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

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

Gas Distribution oscillator

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

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

Gas Distribution 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 Gas Distribution is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringGas Distribution 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.

Gas Distribution returns

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

Gas Distribution returns = (Gas Distribution Closing Price – Gas Distribution Previous Price)/(Gas Distribution Previous Price)
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