Industrial Goods & Services industry

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

Industrial Goods & Services industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Industrial Goods & Services industry US.INDGOODSSERVS 1103.88 0.5 -0.25 -0.53214 65.2737 0.01462 0.01758 0.07374 -0.01886
Europe Industrial Goods & Services industry EU.INDGOODS 1635.67 1 1 1.49427 67.8938 0.00292 0.00828 0.03906 0.32316
STOXX Asia Pacific 600 Industrial Goods & Services APAC.INDGDS 282.19 0.5 0 -0.2891 54.9611 0.00089 0.00252 0.01723 0.01183
Eastern Europe Industrial Goods & Services EEU.INDGDS 46.08 0.5 -0.5 -2.03951 50.875 0.02491 0.01924 0.02995 -0.18773
US Industrial Goods & Services Credit Spreads US.INDGOODSSERV.CR 142.4 0 0.75 2.49422 48.5209 -0.006 -0.09845 0.03428 0.38818
Europe Industrial Goods & Services Credit Spreads EU.INDGOODS 143.99 0 0.75 2.68026 56.4713 -0.01167 -0.05376 0.10625 0.58231

Industrial Goods & Services industry News

Industrial Goods & Services industry Analysis

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

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

MacroVar estimates the following signals:: Industrial Goods & Services momentum, Industrial Goods & Services trend, Industrial Goods & Services oscillator, Industrial Goods & Services RSI and Industrial Goods & Services returns.

Industrial Goods & Services description

The Industrial Goods & Services sectors includes the subsectors of Aerospace & Defense, General Industrials, Electronic & Electrical Equipment, Industrial Engineering, Industrial Transportation and Support Services.
The sector of Aerospace & Defense includes companies engaged in the manufacturing, assembly and distribution of aircraft and aircraft parts primarily used in commercial or private air transport. It also includes companies engaed in the production of components and equipment for the defense industry, including military aircraft, radar equipment and weapons.
The sector of General Industrials includes companies engaged in three or more classes of business within the Industrial industry that differ substantially from each other.
The sector of Electronic & Electrical Equipment includes companies engaged in production and distribution of electrical parts for finished products, such as printed circuit boards for radios, televisions and other consumer electronics. Includes makers of cables, wires, ceramics, transistors, electric adapters, fuel cells and security cameras. It also includes companies engaged in the manufacturing and distribution of electronic products used in different industries. Includes makers of lasers, smart cards, bar scanners, fingerprinting equipment and other electronic factory equipment.
The sector of Industrial Engineering includes companies engaged in 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. It also includes companies engaged in the design, manufacturing, distribution and installers 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.
The sector of Industrial Transportation includes companies engaged in operation of mail and package delivery services for commercial and consumer use. Includes courier and logistic services primarily involving air transportation. It also includes companies engaged in the on-water transportation for commercial markets, such as container shipping. It also includes companies engaged in the railway transportation and operation of railway lines. It also includes companies engaged in providing services to the Industrial Transportation sector, including companies that manage airports, train depots, roads, bridges, tunnels, ports, and providers of logistic services to shippers of goods. It also includes companies that provide commercial trucking services.
The sector of Support Services includes companies engaged in Business Support Services, Business Training & Employment Agencies, Financial Administration, Industrial Suppliers and Waste & Disposal Services

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

Industrial Goods & Services trend

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

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

Industrial Goods & Services oscillator

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

Industrial Goods & Services oversold conditions
Industrial Goods & Services is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Industrial Goods & Services is oversold it is often due for a rebound. Values of the Industrial Goods & Services oscillator lower than -2.5 signify oversold conditions. It must be noted that the Industrial Goods & Services oscillator must be analyzed ibn conjunction with the rest ofIndustrial Goods & Services 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 Goods & Services RSI.
Industrial Goods & Services overbought conditions
Industrial Goods & Services is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Industrial Goods & Services is overbought it is often due for a correction. Values of the Industrial Goods & Services 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 Goods & Services 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 Goods & Services 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 Goods & Services is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringIndustrial Goods & Services 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 Goods & Services returns

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

Industrial Goods & Services returns = (Industrial Goods & Services Closing Price – Industrial Goods & Services Previous Price)/(Industrial Goods & Services Previous Price)

Industrial Goods & Services industry

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

Industrial Goods & Services industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Industrial Goods & Services industry US.INDGOODSSERVS 1103.88 0.5 -0.25 -0.53214 65.2737 0.01462 0.01758 0.07374 -0.01886
Europe Industrial Goods & Services industry EU.INDGOODS 1635.67 1 1 1.49427 67.8938 0.00292 0.00828 0.03906 0.32316
STOXX Asia Pacific 600 Industrial Goods & Services APAC.INDGDS 282.19 0.5 0 -0.2891 54.9611 0.00089 0.00252 0.01723 0.01183
Eastern Europe Industrial Goods & Services EEU.INDGDS 46.08 0.5 -0.5 -2.03951 50.875 0.02491 0.01924 0.02995 -0.18773
US Industrial Goods & Services Credit Spreads US.INDGOODSSERV.CR 142.4 0 0.75 2.49422 48.5209 -0.006 -0.09845 0.03428 0.38818
Europe Industrial Goods & Services Credit Spreads EU.INDGOODS 143.99 0 0.75 2.68026 56.4713 -0.01167 -0.05376 0.10625 0.58231

Industrial Goods & Services industry News

Industrial Goods & Services industry Analysis

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

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

MacroVar estimates the following signals:: Industrial Goods & Services momentum, Industrial Goods & Services trend, Industrial Goods & Services oscillator, Industrial Goods & Services RSI and Industrial Goods & Services returns.

Industrial Goods & Services description

The Industrial Goods & Services sectors includes the subsectors of Aerospace & Defense, General Industrials, Electronic & Electrical Equipment, Industrial Engineering, Industrial Transportation and Support Services.
The sector of Aerospace & Defense includes companies engaged in the manufacturing, assembly and distribution of aircraft and aircraft parts primarily used in commercial or private air transport. It also includes companies engaed in the production of components and equipment for the defense industry, including military aircraft, radar equipment and weapons.
The sector of General Industrials includes companies engaged in three or more classes of business within the Industrial industry that differ substantially from each other.
The sector of Electronic & Electrical Equipment includes companies engaged in production and distribution of electrical parts for finished products, such as printed circuit boards for radios, televisions and other consumer electronics. Includes makers of cables, wires, ceramics, transistors, electric adapters, fuel cells and security cameras. It also includes companies engaged in the manufacturing and distribution of electronic products used in different industries. Includes makers of lasers, smart cards, bar scanners, fingerprinting equipment and other electronic factory equipment.
The sector of Industrial Engineering includes companies engaged in 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. It also includes companies engaged in the design, manufacturing, distribution and installers 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.
The sector of Industrial Transportation includes companies engaged in operation of mail and package delivery services for commercial and consumer use. Includes courier and logistic services primarily involving air transportation. It also includes companies engaged in the on-water transportation for commercial markets, such as container shipping. It also includes companies engaged in the railway transportation and operation of railway lines. It also includes companies engaged in providing services to the Industrial Transportation sector, including companies that manage airports, train depots, roads, bridges, tunnels, ports, and providers of logistic services to shippers of goods. It also includes companies that provide commercial trucking services.
The sector of Support Services includes companies engaged in Business Support Services, Business Training & Employment Agencies, Financial Administration, Industrial Suppliers and Waste & Disposal Services

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

Industrial Goods & Services trend

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

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

Industrial Goods & Services oscillator

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

Industrial Goods & Services oversold conditions
Industrial Goods & Services is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Industrial Goods & Services is oversold it is often due for a rebound. Values of the Industrial Goods & Services oscillator lower than -2.5 signify oversold conditions. It must be noted that the Industrial Goods & Services oscillator must be analyzed ibn conjunction with the rest ofIndustrial Goods & Services 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 Goods & Services RSI.
Industrial Goods & Services overbought conditions
Industrial Goods & Services is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Industrial Goods & Services is overbought it is often due for a correction. Values of the Industrial Goods & Services 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 Goods & Services 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 Goods & Services 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 Goods & Services is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringIndustrial Goods & Services 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 Goods & Services returns

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

Industrial Goods & Services returns = (Industrial Goods & Services Closing Price – Industrial Goods & Services Previous Price)/(Industrial Goods & Services Previous Price)

Industrial Goods & Services industry

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

Industrial Goods & Services industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Industrial Goods & Services industry US.INDGOODSSERVS 1103.88 0.5 -0.25 -0.53214 65.2737 0.01462 0.01758 0.07374 -0.01886
Europe Industrial Goods & Services industry EU.INDGOODS 1635.67 1 1 1.49427 67.8938 0.00292 0.00828 0.03906 0.32316
STOXX Asia Pacific 600 Industrial Goods & Services APAC.INDGDS 282.19 0.5 0 -0.2891 54.9611 0.00089 0.00252 0.01723 0.01183
Eastern Europe Industrial Goods & Services EEU.INDGDS 46.08 0.5 -0.5 -2.03951 50.875 0.02491 0.01924 0.02995 -0.18773
US Industrial Goods & Services Credit Spreads US.INDGOODSSERV.CR 142.4 0 0.75 2.49422 48.5209 -0.006 -0.09845 0.03428 0.38818
Europe Industrial Goods & Services Credit Spreads EU.INDGOODS 143.99 0 0.75 2.68026 56.4713 -0.01167 -0.05376 0.10625 0.58231

Industrial Goods & Services industry News

Industrial Goods & Services industry Analysis

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

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

MacroVar estimates the following signals:: Industrial Goods & Services momentum, Industrial Goods & Services trend, Industrial Goods & Services oscillator, Industrial Goods & Services RSI and Industrial Goods & Services returns.

Industrial Goods & Services description

The Industrial Goods & Services sectors includes the subsectors of Aerospace & Defense, General Industrials, Electronic & Electrical Equipment, Industrial Engineering, Industrial Transportation and Support Services.
The sector of Aerospace & Defense includes companies engaged in the manufacturing, assembly and distribution of aircraft and aircraft parts primarily used in commercial or private air transport. It also includes companies engaed in the production of components and equipment for the defense industry, including military aircraft, radar equipment and weapons.
The sector of General Industrials includes companies engaged in three or more classes of business within the Industrial industry that differ substantially from each other.
The sector of Electronic & Electrical Equipment includes companies engaged in production and distribution of electrical parts for finished products, such as printed circuit boards for radios, televisions and other consumer electronics. Includes makers of cables, wires, ceramics, transistors, electric adapters, fuel cells and security cameras. It also includes companies engaged in the manufacturing and distribution of electronic products used in different industries. Includes makers of lasers, smart cards, bar scanners, fingerprinting equipment and other electronic factory equipment.
The sector of Industrial Engineering includes companies engaged in 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. It also includes companies engaged in the design, manufacturing, distribution and installers 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.
The sector of Industrial Transportation includes companies engaged in operation of mail and package delivery services for commercial and consumer use. Includes courier and logistic services primarily involving air transportation. It also includes companies engaged in the on-water transportation for commercial markets, such as container shipping. It also includes companies engaged in the railway transportation and operation of railway lines. It also includes companies engaged in providing services to the Industrial Transportation sector, including companies that manage airports, train depots, roads, bridges, tunnels, ports, and providers of logistic services to shippers of goods. It also includes companies that provide commercial trucking services.
The sector of Support Services includes companies engaged in Business Support Services, Business Training & Employment Agencies, Financial Administration, Industrial Suppliers and Waste & Disposal Services

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

Industrial Goods & Services trend

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

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

Industrial Goods & Services oscillator

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

Industrial Goods & Services oversold conditions
Industrial Goods & Services is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Industrial Goods & Services is oversold it is often due for a rebound. Values of the Industrial Goods & Services oscillator lower than -2.5 signify oversold conditions. It must be noted that the Industrial Goods & Services oscillator must be analyzed ibn conjunction with the rest ofIndustrial Goods & Services 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 Goods & Services RSI.
Industrial Goods & Services overbought conditions
Industrial Goods & Services is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Industrial Goods & Services is overbought it is often due for a correction. Values of the Industrial Goods & Services 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 Goods & Services 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 Goods & Services 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 Goods & Services is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringIndustrial Goods & Services 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 Goods & Services returns

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

Industrial Goods & Services returns = (Industrial Goods & Services Closing Price – Industrial Goods & Services Previous Price)/(Industrial Goods & Services Previous Price)

Industrial Goods & Services industry

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

Industrial Goods & Services industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Industrial Goods & Services industry US.INDGOODSSERVS 1103.88 0.5 -0.25 -0.53214 65.2737 0.01462 0.01758 0.07374 -0.01886
Europe Industrial Goods & Services industry EU.INDGOODS 1635.67 1 1 1.49427 67.8938 0.00292 0.00828 0.03906 0.32316
STOXX Asia Pacific 600 Industrial Goods & Services APAC.INDGDS 282.19 0.5 0 -0.2891 54.9611 0.00089 0.00252 0.01723 0.01183
Eastern Europe Industrial Goods & Services EEU.INDGDS 46.08 0.5 -0.5 -2.03951 50.875 0.02491 0.01924 0.02995 -0.18773
US Industrial Goods & Services Credit Spreads US.INDGOODSSERV.CR 142.4 0 0.75 2.49422 48.5209 -0.006 -0.09845 0.03428 0.38818
Europe Industrial Goods & Services Credit Spreads EU.INDGOODS 143.99 0 0.75 2.68026 56.4713 -0.01167 -0.05376 0.10625 0.58231

Industrial Goods & Services industry News

Industrial Goods & Services industry Analysis

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

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

MacroVar estimates the following signals:: Industrial Goods & Services momentum, Industrial Goods & Services trend, Industrial Goods & Services oscillator, Industrial Goods & Services RSI and Industrial Goods & Services returns.

Industrial Goods & Services description

The Industrial Goods & Services sectors includes the subsectors of Aerospace & Defense, General Industrials, Electronic & Electrical Equipment, Industrial Engineering, Industrial Transportation and Support Services.
The sector of Aerospace & Defense includes companies engaged in the manufacturing, assembly and distribution of aircraft and aircraft parts primarily used in commercial or private air transport. It also includes companies engaed in the production of components and equipment for the defense industry, including military aircraft, radar equipment and weapons.
The sector of General Industrials includes companies engaged in three or more classes of business within the Industrial industry that differ substantially from each other.
The sector of Electronic & Electrical Equipment includes companies engaged in production and distribution of electrical parts for finished products, such as printed circuit boards for radios, televisions and other consumer electronics. Includes makers of cables, wires, ceramics, transistors, electric adapters, fuel cells and security cameras. It also includes companies engaged in the manufacturing and distribution of electronic products used in different industries. Includes makers of lasers, smart cards, bar scanners, fingerprinting equipment and other electronic factory equipment.
The sector of Industrial Engineering includes companies engaged in 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. It also includes companies engaged in the design, manufacturing, distribution and installers 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.
The sector of Industrial Transportation includes companies engaged in operation of mail and package delivery services for commercial and consumer use. Includes courier and logistic services primarily involving air transportation. It also includes companies engaged in the on-water transportation for commercial markets, such as container shipping. It also includes companies engaged in the railway transportation and operation of railway lines. It also includes companies engaged in providing services to the Industrial Transportation sector, including companies that manage airports, train depots, roads, bridges, tunnels, ports, and providers of logistic services to shippers of goods. It also includes companies that provide commercial trucking services.
The sector of Support Services includes companies engaged in Business Support Services, Business Training & Employment Agencies, Financial Administration, Industrial Suppliers and Waste & Disposal Services

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

Industrial Goods & Services trend

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

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

Industrial Goods & Services oscillator

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

Industrial Goods & Services oversold conditions
Industrial Goods & Services is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Industrial Goods & Services is oversold it is often due for a rebound. Values of the Industrial Goods & Services oscillator lower than -2.5 signify oversold conditions. It must be noted that the Industrial Goods & Services oscillator must be analyzed ibn conjunction with the rest ofIndustrial Goods & Services 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 Goods & Services RSI.
Industrial Goods & Services overbought conditions
Industrial Goods & Services is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Industrial Goods & Services is overbought it is often due for a correction. Values of the Industrial Goods & Services 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 Goods & Services 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 Goods & Services 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 Goods & Services is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringIndustrial Goods & Services 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 Goods & Services returns

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

Industrial Goods & Services returns = (Industrial Goods & Services Closing Price – Industrial Goods & Services Previous Price)/(Industrial Goods & Services Previous Price)