Industrial Metals Industry

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

Industrial Metals Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Industrial Metals industry US.INDMETALS 510.48 1 1 3.16339 64.798 0.00084 0.03288 0.15118 0.56397
Europe Total Market Industrial Metals industry EU.INDMETALS 500.14 0 0 0.42199 51.9918 -0.0047 0.03418 -0.0486 0.46462
US Industrial Metals Credit Spreads US.INDMETALS.CR 203.25 0 0.25 0.81555 36.3767 0.00227 -0.07618 -0.0001 0.19089

Industrial Metals Industry News

Industrial Metals Industry Analysis

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

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

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

Industrial Metals description

The Industrial Metals sector includes the subsectors of Aluminum, Nonferrous Metals and Iron & Steel. The subsector of Aluminum subsector includes companies engaged in the Companies that mine or process bauxite or manufacture and distribute aluminum bars, rods and other products for use by other industries. The subsector of Nonferrous Metals subsector includes companies engaged in the production and trade of metals and primary metal products other than iron, aluminum and steel. The subsector of Iron & Steel subsector includes companies engaged in the manufacturing and stockholding of primary iron and steel products such as pipes, wires, sheets and bars, encompassing all processes from smelting in blast furnaces to rolling mills and foundries. Includes companies that primarily mine iron ores.

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

Industrial Metals trend

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

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

Industrial Metals oscillator

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

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

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

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

Industrial Metals Industry

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

Industrial Metals Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Industrial Metals industry US.INDMETALS 510.48 1 1 3.16339 64.798 0.00084 0.03288 0.15118 0.56397
Europe Total Market Industrial Metals industry EU.INDMETALS 500.14 0 0 0.42199 51.9918 -0.0047 0.03418 -0.0486 0.46462
US Industrial Metals Credit Spreads US.INDMETALS.CR 203.25 0 0.25 0.81555 36.3767 0.00227 -0.07618 -0.0001 0.19089

Industrial Metals Industry News

Industrial Metals Industry Analysis

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

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

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

Industrial Metals description

The Industrial Metals sector includes the subsectors of Aluminum, Nonferrous Metals and Iron & Steel. The subsector of Aluminum subsector includes companies engaged in the Companies that mine or process bauxite or manufacture and distribute aluminum bars, rods and other products for use by other industries. The subsector of Nonferrous Metals subsector includes companies engaged in the production and trade of metals and primary metal products other than iron, aluminum and steel. The subsector of Iron & Steel subsector includes companies engaged in the manufacturing and stockholding of primary iron and steel products such as pipes, wires, sheets and bars, encompassing all processes from smelting in blast furnaces to rolling mills and foundries. Includes companies that primarily mine iron ores.

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

Industrial Metals trend

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

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

Industrial Metals oscillator

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

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

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

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

Industrial Metals Industry

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

Industrial Metals Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Industrial Metals industry US.INDMETALS 510.48 1 1 3.16339 64.798 0.00084 0.03288 0.15118 0.56397
Europe Total Market Industrial Metals industry EU.INDMETALS 500.14 0 0 0.42199 51.9918 -0.0047 0.03418 -0.0486 0.46462
US Industrial Metals Credit Spreads US.INDMETALS.CR 203.25 0 0.25 0.81555 36.3767 0.00227 -0.07618 -0.0001 0.19089

Industrial Metals Industry News

Industrial Metals Industry Analysis

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

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

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

Industrial Metals description

The Industrial Metals sector includes the subsectors of Aluminum, Nonferrous Metals and Iron & Steel. The subsector of Aluminum subsector includes companies engaged in the Companies that mine or process bauxite or manufacture and distribute aluminum bars, rods and other products for use by other industries. The subsector of Nonferrous Metals subsector includes companies engaged in the production and trade of metals and primary metal products other than iron, aluminum and steel. The subsector of Iron & Steel subsector includes companies engaged in the manufacturing and stockholding of primary iron and steel products such as pipes, wires, sheets and bars, encompassing all processes from smelting in blast furnaces to rolling mills and foundries. Includes companies that primarily mine iron ores.

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

Industrial Metals trend

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

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

Industrial Metals oscillator

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

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

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

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

Industrial Metals Industry

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

Industrial Metals Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Industrial Metals industry US.INDMETALS 510.48 1 1 3.16339 64.798 0.00084 0.03288 0.15118 0.56397
Europe Total Market Industrial Metals industry EU.INDMETALS 500.14 0 0 0.42199 51.9918 -0.0047 0.03418 -0.0486 0.46462
US Industrial Metals Credit Spreads US.INDMETALS.CR 203.25 0 0.25 0.81555 36.3767 0.00227 -0.07618 -0.0001 0.19089

Industrial Metals Industry News

Industrial Metals Industry Analysis

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

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

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

Industrial Metals description

The Industrial Metals sector includes the subsectors of Aluminum, Nonferrous Metals and Iron & Steel. The subsector of Aluminum subsector includes companies engaged in the Companies that mine or process bauxite or manufacture and distribute aluminum bars, rods and other products for use by other industries. The subsector of Nonferrous Metals subsector includes companies engaged in the production and trade of metals and primary metal products other than iron, aluminum and steel. The subsector of Iron & Steel subsector includes companies engaged in the manufacturing and stockholding of primary iron and steel products such as pipes, wires, sheets and bars, encompassing all processes from smelting in blast furnaces to rolling mills and foundries. Includes companies that primarily mine iron ores.

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

Industrial Metals trend

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

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

Industrial Metals oscillator

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

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

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

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