Household Goods industry

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

Household Goods industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Household Goods industry US.HOUSEGOODS 940.24 0 -0.75 -0.52203 46.3154 0.00467 0.04853 -0.04923 0.01804
US Household Goods Credit Spreads US.HOUSEGOODS.CR 111.32 0 0.75 2.4759 51.4229 -0.00572 -0.09422 0.04663 0.68539

Household Goods industry News

Household Goods industry Analysis

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

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

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

Household Goods industry Description

The Personal & Household Goods sector includes the subsectors of Household Goods & Home Construction, Leisure Goods, Personal Goods and Tobacco. The sector of Household Goods & Home Construction includes the subsectors of Durable Household Products, Nondurable Household Products, Furnishings and Home Construction.
The subsector of Durable Household Products includes companies engaged in the manufacturing and distribution of domestic appliances, lighting, hand tools and power tools, hardware, cutlery, tableware, garden equipment, luggage, towels and linens.
The subsector of Nondurable Household Products includes companies engaged in the production and distribution of pens, paper goods, batteries, light bulbs, tissues, toilet paper and cleaning products such as soaps and polishes.
The subsector of Furnishings includes companies engaged in the manufacturing and distribution of furniture, including chairs, tables, desks, carpeting, wallpaper and office furniture.
The subsector of Home Construction includes Constructors of residential homes, including manufacturers of mobile and prefabricated homes intended for use in one place.

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

Household Goods industry trend

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

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

Household Goods industry oscillator

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

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

Household Goods 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 Household Goods is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringHousehold Goods 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.

Household Goods industry returns

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

Household Goods returns = (Household Goods Closing Price – Household Goods Previous Price)/(Household Goods Previous Price)

Household Goods industry

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

Household Goods industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Household Goods industry US.HOUSEGOODS 940.24 0 -0.75 -0.52203 46.3154 0.00467 0.04853 -0.04923 0.01804
US Household Goods Credit Spreads US.HOUSEGOODS.CR 111.32 0 0.75 2.4759 51.4229 -0.00572 -0.09422 0.04663 0.68539

Household Goods industry News

Household Goods industry Analysis

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

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

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

Household Goods industry Description

The Personal & Household Goods sector includes the subsectors of Household Goods & Home Construction, Leisure Goods, Personal Goods and Tobacco. The sector of Household Goods & Home Construction includes the subsectors of Durable Household Products, Nondurable Household Products, Furnishings and Home Construction.
The subsector of Durable Household Products includes companies engaged in the manufacturing and distribution of domestic appliances, lighting, hand tools and power tools, hardware, cutlery, tableware, garden equipment, luggage, towels and linens.
The subsector of Nondurable Household Products includes companies engaged in the production and distribution of pens, paper goods, batteries, light bulbs, tissues, toilet paper and cleaning products such as soaps and polishes.
The subsector of Furnishings includes companies engaged in the manufacturing and distribution of furniture, including chairs, tables, desks, carpeting, wallpaper and office furniture.
The subsector of Home Construction includes Constructors of residential homes, including manufacturers of mobile and prefabricated homes intended for use in one place.

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

Household Goods industry trend

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

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

Household Goods industry oscillator

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

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

Household Goods 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 Household Goods is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringHousehold Goods 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.

Household Goods industry returns

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

Household Goods returns = (Household Goods Closing Price – Household Goods Previous Price)/(Household Goods Previous Price)

Household Goods industry

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

Household Goods industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Household Goods industry US.HOUSEGOODS 940.24 0 -0.75 -0.52203 46.3154 0.00467 0.04853 -0.04923 0.01804
US Household Goods Credit Spreads US.HOUSEGOODS.CR 111.32 0 0.75 2.4759 51.4229 -0.00572 -0.09422 0.04663 0.68539

Household Goods industry News

Household Goods industry Analysis

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

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

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

Household Goods industry Description

The Personal & Household Goods sector includes the subsectors of Household Goods & Home Construction, Leisure Goods, Personal Goods and Tobacco. The sector of Household Goods & Home Construction includes the subsectors of Durable Household Products, Nondurable Household Products, Furnishings and Home Construction.
The subsector of Durable Household Products includes companies engaged in the manufacturing and distribution of domestic appliances, lighting, hand tools and power tools, hardware, cutlery, tableware, garden equipment, luggage, towels and linens.
The subsector of Nondurable Household Products includes companies engaged in the production and distribution of pens, paper goods, batteries, light bulbs, tissues, toilet paper and cleaning products such as soaps and polishes.
The subsector of Furnishings includes companies engaged in the manufacturing and distribution of furniture, including chairs, tables, desks, carpeting, wallpaper and office furniture.
The subsector of Home Construction includes Constructors of residential homes, including manufacturers of mobile and prefabricated homes intended for use in one place.

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

Household Goods industry trend

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

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

Household Goods industry oscillator

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

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

Household Goods 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 Household Goods is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringHousehold Goods 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.

Household Goods industry returns

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

Household Goods returns = (Household Goods Closing Price – Household Goods Previous Price)/(Household Goods Previous Price)

Household Goods industry

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

Household Goods industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Household Goods industry US.HOUSEGOODS 940.24 0 -0.75 -0.52203 46.3154 0.00467 0.04853 -0.04923 0.01804
US Household Goods Credit Spreads US.HOUSEGOODS.CR 111.32 0 0.75 2.4759 51.4229 -0.00572 -0.09422 0.04663 0.68539

Household Goods industry News

Household Goods industry Analysis

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

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

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

Household Goods industry Description

The Personal & Household Goods sector includes the subsectors of Household Goods & Home Construction, Leisure Goods, Personal Goods and Tobacco. The sector of Household Goods & Home Construction includes the subsectors of Durable Household Products, Nondurable Household Products, Furnishings and Home Construction.
The subsector of Durable Household Products includes companies engaged in the manufacturing and distribution of domestic appliances, lighting, hand tools and power tools, hardware, cutlery, tableware, garden equipment, luggage, towels and linens.
The subsector of Nondurable Household Products includes companies engaged in the production and distribution of pens, paper goods, batteries, light bulbs, tissues, toilet paper and cleaning products such as soaps and polishes.
The subsector of Furnishings includes companies engaged in the manufacturing and distribution of furniture, including chairs, tables, desks, carpeting, wallpaper and office furniture.
The subsector of Home Construction includes Constructors of residential homes, including manufacturers of mobile and prefabricated homes intended for use in one place.

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

Household Goods industry trend

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

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

Household Goods industry oscillator

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

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

Household Goods 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 Household Goods is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringHousehold Goods 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.

Household Goods industry returns

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

Household Goods returns = (Household Goods Closing Price – Household Goods Previous Price)/(Household Goods Previous Price)