Industrial Machinery industry

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

Industrial Machinery industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Industrial Machinery industry US.INDMACHINERY 870.78 0 -0.75 -1.67373 52.4269 0.0093 0.06044 -0.00107 -0.0191

Industrial Machinery industry News

Industrial Machinery industry Analysis

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

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

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

Industrial Machinery description

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

Industrial Machinery trend

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

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

Industrial Machinery oscillator

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

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

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

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

Industrial Machinery industry

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

Industrial Machinery industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Industrial Machinery industry US.INDMACHINERY 870.78 0 -0.75 -1.67373 52.4269 0.0093 0.06044 -0.00107 -0.0191

Industrial Machinery industry News

Industrial Machinery industry Analysis

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

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

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

Industrial Machinery description

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

Industrial Machinery trend

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

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

Industrial Machinery oscillator

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

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

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

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

Industrial Machinery industry

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

Industrial Machinery industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Industrial Machinery industry US.INDMACHINERY 870.78 0 -0.75 -1.67373 52.4269 0.0093 0.06044 -0.00107 -0.0191

Industrial Machinery industry News

Industrial Machinery industry Analysis

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

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

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

Industrial Machinery description

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

Industrial Machinery trend

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

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

Industrial Machinery oscillator

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

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

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

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

Industrial Machinery industry

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

Industrial Machinery industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Industrial Machinery industry US.INDMACHINERY 870.78 0 -0.75 -1.67373 52.4269 0.0093 0.06044 -0.00107 -0.0191

Industrial Machinery industry News

Industrial Machinery industry Analysis

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

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

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

Industrial Machinery description

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

Industrial Machinery trend

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

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

Industrial Machinery oscillator

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

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

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

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