Industrial Engineering industry

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

Industrial Engineering industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Industrial Engineering industry US.INDENGINEERING 2931.74 0.5 -0.25 -0.64325 60.1647 0.00711 0.05419 0.03608 -0.01591
Europe Industrial Engineering industry EU.INDENGINEERING 807.31 1 1 1.54045 69.8536 0.00815 0.01794 0.06745 0.3178
US Industrial Engineering Credit Spreads US.INDENGINEERING.CR 105.99 0 0.75 2.56645 50.4549 -0.01258 -0.1064 0.07462 0.57583

Industrial Engineering industry News

Industrial Engineering industry Analysis

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

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

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

Industrial Engineering description

The Industrial Engineering sector includes the subsectors of Commercial Vehicles & Trucks and Industrial Machinery.
The subsector of Commercial Vehicles & Trucks includes companies engaged in the manufacturing and distribution of commercial vehicles and heavy agricultural and construction machinery, including rail cars, tractors, bulldozers, cranes, buses and industrial lawn mowers. Includes nonmilitary shipbuilders, such as builders of cruise ships and ferries.<
The subsector of Industrial Machinery includes companies engaged in the design, manufacturing, distribution and installation of industrial machinery and factory equipment, such as machine tools, lathes, presses and assembly line equipment. Includes makers of pollution control equipment, castings, pressings, welded shapes, structural steelwork, compressors, pumps, bearings, elevators and escalators.

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

Industrial Engineering trend

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

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

Industrial Engineering oscillator

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

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

Industrial Engineering 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 Industrial Engineering is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringIndustrial Engineering 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.

Industrial Engineering returns

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

Industrial Engineering returns = (Industrial Engineering Closing Price – Industrial Engineering Previous Price)/(Industrial Engineering Previous Price)

Industrial Engineering industry

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

Industrial Engineering industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Industrial Engineering industry US.INDENGINEERING 2931.74 0.5 -0.25 -0.64325 60.1647 0.00711 0.05419 0.03608 -0.01591
Europe Industrial Engineering industry EU.INDENGINEERING 807.31 1 1 1.54045 69.8536 0.00815 0.01794 0.06745 0.3178
US Industrial Engineering Credit Spreads US.INDENGINEERING.CR 105.99 0 0.75 2.56645 50.4549 -0.01258 -0.1064 0.07462 0.57583

Industrial Engineering industry News

Industrial Engineering industry Analysis

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

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

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

Industrial Engineering description

The Industrial Engineering sector includes the subsectors of Commercial Vehicles & Trucks and Industrial Machinery.
The subsector of Commercial Vehicles & Trucks includes companies engaged in the manufacturing and distribution of commercial vehicles and heavy agricultural and construction machinery, including rail cars, tractors, bulldozers, cranes, buses and industrial lawn mowers. Includes nonmilitary shipbuilders, such as builders of cruise ships and ferries.<
The subsector of Industrial Machinery includes companies engaged in the design, manufacturing, distribution and installation of industrial machinery and factory equipment, such as machine tools, lathes, presses and assembly line equipment. Includes makers of pollution control equipment, castings, pressings, welded shapes, structural steelwork, compressors, pumps, bearings, elevators and escalators.

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

Industrial Engineering trend

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

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

Industrial Engineering oscillator

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

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

Industrial Engineering 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 Industrial Engineering is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringIndustrial Engineering 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.

Industrial Engineering returns

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

Industrial Engineering returns = (Industrial Engineering Closing Price – Industrial Engineering Previous Price)/(Industrial Engineering Previous Price)

Industrial Engineering industry

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

Industrial Engineering industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Industrial Engineering industry US.INDENGINEERING 2931.74 0.5 -0.25 -0.64325 60.1647 0.00711 0.05419 0.03608 -0.01591
Europe Industrial Engineering industry EU.INDENGINEERING 807.31 1 1 1.54045 69.8536 0.00815 0.01794 0.06745 0.3178
US Industrial Engineering Credit Spreads US.INDENGINEERING.CR 105.99 0 0.75 2.56645 50.4549 -0.01258 -0.1064 0.07462 0.57583

Industrial Engineering industry News

Industrial Engineering industry Analysis

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

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

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

Industrial Engineering description

The Industrial Engineering sector includes the subsectors of Commercial Vehicles & Trucks and Industrial Machinery.
The subsector of Commercial Vehicles & Trucks includes companies engaged in the manufacturing and distribution of commercial vehicles and heavy agricultural and construction machinery, including rail cars, tractors, bulldozers, cranes, buses and industrial lawn mowers. Includes nonmilitary shipbuilders, such as builders of cruise ships and ferries.<
The subsector of Industrial Machinery includes companies engaged in the design, manufacturing, distribution and installation of industrial machinery and factory equipment, such as machine tools, lathes, presses and assembly line equipment. Includes makers of pollution control equipment, castings, pressings, welded shapes, structural steelwork, compressors, pumps, bearings, elevators and escalators.

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

Industrial Engineering trend

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

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

Industrial Engineering oscillator

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

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

Industrial Engineering 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 Industrial Engineering is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringIndustrial Engineering 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.

Industrial Engineering returns

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

Industrial Engineering returns = (Industrial Engineering Closing Price – Industrial Engineering Previous Price)/(Industrial Engineering Previous Price)

Industrial Engineering industry

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

Industrial Engineering industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Industrial Engineering industry US.INDENGINEERING 2931.74 0.5 -0.25 -0.64325 60.1647 0.00711 0.05419 0.03608 -0.01591
Europe Industrial Engineering industry EU.INDENGINEERING 807.31 1 1 1.54045 69.8536 0.00815 0.01794 0.06745 0.3178
US Industrial Engineering Credit Spreads US.INDENGINEERING.CR 105.99 0 0.75 2.56645 50.4549 -0.01258 -0.1064 0.07462 0.57583

Industrial Engineering industry News

Industrial Engineering industry Analysis

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

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

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

Industrial Engineering description

The Industrial Engineering sector includes the subsectors of Commercial Vehicles & Trucks and Industrial Machinery.
The subsector of Commercial Vehicles & Trucks includes companies engaged in the manufacturing and distribution of commercial vehicles and heavy agricultural and construction machinery, including rail cars, tractors, bulldozers, cranes, buses and industrial lawn mowers. Includes nonmilitary shipbuilders, such as builders of cruise ships and ferries.<
The subsector of Industrial Machinery includes companies engaged in the design, manufacturing, distribution and installation of industrial machinery and factory equipment, such as machine tools, lathes, presses and assembly line equipment. Includes makers of pollution control equipment, castings, pressings, welded shapes, structural steelwork, compressors, pumps, bearings, elevators and escalators.

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

Industrial Engineering trend

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

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

Industrial Engineering oscillator

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

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

Industrial Engineering 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 Industrial Engineering is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringIndustrial Engineering 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.

Industrial Engineering returns

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

Industrial Engineering returns = (Industrial Engineering Closing Price – Industrial Engineering Previous Price)/(Industrial Engineering Previous Price)