Heavy Construction industry

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

Heavy Construction industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Heavy Construction industry US.HEAVYCONSTRUCTION 820.34 1 1 1.75431 65.0533 0.01036 0.03489 0.09147 0.20868

Heavy Construction industry News

Heavy Construction industry Analysis

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

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

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

Heavy Construction industry description

The Heavy Construction industry subsector includes companies engaged in the construction of commercial buildings, infrastructure such as roads and bridges, residential apartment buildings, and providers of services to construction companies, such as architects, masons, plumbers and electrical contractors.

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

Heavy Construction industry trend

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

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

Heavy Construction industry oscillator

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

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

Heavy Construction 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 Heavy Construction is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringHeavy Construction 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.

Heavy Construction industry returns

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

Heavy Construction returns = (Heavy Construction Closing Price – Heavy Construction Previous Price)/(Heavy Construction Previous Price)

Heavy Construction industry

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

Heavy Construction industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Heavy Construction industry US.HEAVYCONSTRUCTION 820.34 1 1 1.75431 65.0533 0.01036 0.03489 0.09147 0.20868

Heavy Construction industry News

Heavy Construction industry Analysis

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

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

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

Heavy Construction industry description

The Heavy Construction industry subsector includes companies engaged in the construction of commercial buildings, infrastructure such as roads and bridges, residential apartment buildings, and providers of services to construction companies, such as architects, masons, plumbers and electrical contractors.

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

Heavy Construction industry trend

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

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

Heavy Construction industry oscillator

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

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

Heavy Construction 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 Heavy Construction is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringHeavy Construction 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.

Heavy Construction industry returns

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

Heavy Construction returns = (Heavy Construction Closing Price – Heavy Construction Previous Price)/(Heavy Construction Previous Price)

Heavy Construction industry

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

Heavy Construction industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Heavy Construction industry US.HEAVYCONSTRUCTION 820.34 1 1 1.75431 65.0533 0.01036 0.03489 0.09147 0.20868

Heavy Construction industry News

Heavy Construction industry Analysis

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

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

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

Heavy Construction industry description

The Heavy Construction industry subsector includes companies engaged in the construction of commercial buildings, infrastructure such as roads and bridges, residential apartment buildings, and providers of services to construction companies, such as architects, masons, plumbers and electrical contractors.

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

Heavy Construction industry trend

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

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

Heavy Construction industry oscillator

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

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

Heavy Construction 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 Heavy Construction is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringHeavy Construction 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.

Heavy Construction industry returns

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

Heavy Construction returns = (Heavy Construction Closing Price – Heavy Construction Previous Price)/(Heavy Construction Previous Price)

Heavy Construction industry

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

Heavy Construction industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Heavy Construction industry US.HEAVYCONSTRUCTION 820.34 1 1 1.75431 65.0533 0.01036 0.03489 0.09147 0.20868

Heavy Construction industry News

Heavy Construction industry Analysis

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

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

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

Heavy Construction industry description

The Heavy Construction industry subsector includes companies engaged in the construction of commercial buildings, infrastructure such as roads and bridges, residential apartment buildings, and providers of services to construction companies, such as architects, masons, plumbers and electrical contractors.

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

Heavy Construction industry trend

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

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

Heavy Construction industry oscillator

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

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

Heavy Construction 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 Heavy Construction is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringHeavy Construction 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.

Heavy Construction industry returns

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

Heavy Construction returns = (Heavy Construction Closing Price – Heavy Construction Previous Price)/(Heavy Construction Previous Price)