Medical Equipment industry
Monitor and predict the growth prospects and potential risks of the Medical Equipment industry by examining the financial and macroeconomic factors affecting it and the latest Medical Equipment news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Medical Equipment 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 Medical Equipment industry trend, growth prospects and risks.
Medical Equipment industry Markets
Medical Equipment industry News
Medical Equipment industry Analysis
MacroVar monitors the performance, risk, trend and momentum of the Medical Equipment industry by examining the stock and credit performance of major Medical Equipment companies across the US, Europe, Eastern Europe and Asia Pacific. Medical Equipment Stock performance is monitored by analyzing STOXX equity indices of major Medical Equipment companies while Medical Equipment credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Medical Equipment high yield corporate bond market.
MacroVar also monitors fundamental indicators closely linked to the Medical Equipment 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 Medical Equipment industry like closely related financial markets or macroeconmic indicators.
MacroVar estimates the following signals:: Medical Equipment momentum, Medical Equipment trend, Medical Equipment oscillator, Medical Equipment RSI and Medical Equipment returns.
Medical Equipment industry Description
The subsector of Medical Equipment includes Manufacturers and distributors of medical devices such as MRI scanners, prosthetics, pacemakers, X-ray machines and other nondisposable medical devices.
Medical Equipment industry MomentumMomentum 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 Medical Equipment momentum signal ranges from -100 to +100. The Medical Equipment momentum signal is derived as the mean value from 4 calculations for the Medical Equipment . 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. Medical Equipment 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. Medical Equipment momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Medical Equipment momentum signal moves from positive to negative value or vice-versa.
Medical Equipment industry trendMedical Equipment trend signal ranges from -100 to +100. Medical Equipment 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. Medical Equipment Closing price vs Medical Equipment moving average (MA) calculation: If Medical Equipment is greater than Medical Equipment MA value is +1, else -1, 2. Medical Equipment Moving average slope calculation: if current Medical Equipment moving average is higher than the previous MA, Medical Equipment upward slope +1, else -1
Medical Equipment trend model can be used as a trend strength indicator. Medical Equipment trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Medical Equipment trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The Medical Equipment 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Medical Equipment is in an uptrend when Medical Equipment price is higher than the 52-week moving average and the Medical Equipment 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 Medical Equipment oscillator and Medical Equipment RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
Medical Equipment industry oscillatorThe Medical Equipment oscillator estimated by MacroVar is the z-score of the currentMedical Equipment price versus Medical Equipment 1-year simple moving average price. The formula for the Medical Equipment oscillator is:
Medical Equipment oscillator = (Current Price – 250 trading days Medical Equipment simple moving average price) / (250 days Medical Equipment price standard deviation)
Medical Equipment oversold conditions
Medical Equipment is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Medical Equipment is oversold it is often due for a rebound. Values of the Medical Equipment oscillator lower than -2.5 signify oversold conditions. It must be noted that the Medical Equipment oscillator must be analyzed ibn conjunction with the rest ofMedical Equipment 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 Medical Equipment RSI.
Medical Equipment overbought conditions
Medical Equipment is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Medical Equipment is overbought it is often due for a correction. Values of the Medical Equipment oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Medical Equipment 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.
Medical Equipment RSI indicatorThe 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 Medical Equipment is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringMedical Equipment 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.
Medical Equipment industry returnsMacroVar calculates Medical Equipment returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:
Medical Equipment returns = (Medical Equipment Closing Price – Medical Equipment Previous Price)/(Medical Equipment Previous Price)