Medical Supplies industry

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

Medical Supplies industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Medical Supplies industry US.MEDSUPPLIES 1403.47 1 1 2.12857 76.2874 0.6 2.74 3.13 0.30817

Medical Supplies industry News

Medical Supplies industry Analysis

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

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

MacroVar estimates the following signals:: Medical Supplies momentum, Medical Supplies trend, Medical Supplies oscillator, Medical Supplies RSI and Medical Supplies returns.

Medical Supplies industry Description

The subsector of Medical Supplies includes companies engaged in the manufacturing and distribution of medical supplies used by health care providers and the general public. Includes makers of contact lenses, eyeglass lenses, bandages and other disposable medical supplies.

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

Medical Supplies industry trend

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

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

Medical Supplies industry oscillator

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

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

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

Medical Supplies returns = (Medical Supplies Closing Price – Medical Supplies Previous Price)/(Medical Supplies Previous Price)

Medical Supplies industry

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

Medical Supplies industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Medical Supplies industry US.MEDSUPPLIES 1403.47 1 1 2.12857 76.2874 0.6 2.74 3.13 0.30817

Medical Supplies industry News

Medical Supplies industry Analysis

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

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

MacroVar estimates the following signals:: Medical Supplies momentum, Medical Supplies trend, Medical Supplies oscillator, Medical Supplies RSI and Medical Supplies returns.

Medical Supplies industry Description

The subsector of Medical Supplies includes companies engaged in the manufacturing and distribution of medical supplies used by health care providers and the general public. Includes makers of contact lenses, eyeglass lenses, bandages and other disposable medical supplies.

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

Medical Supplies industry trend

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

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

Medical Supplies industry oscillator

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

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

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

Medical Supplies returns = (Medical Supplies Closing Price – Medical Supplies Previous Price)/(Medical Supplies Previous Price)

Medical Supplies industry

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

Medical Supplies industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Medical Supplies industry US.MEDSUPPLIES 1403.47 1 1 2.12857 76.2874 0.6 2.74 3.13 0.30817

Medical Supplies industry News

Medical Supplies industry Analysis

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

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

MacroVar estimates the following signals:: Medical Supplies momentum, Medical Supplies trend, Medical Supplies oscillator, Medical Supplies RSI and Medical Supplies returns.

Medical Supplies industry Description

The subsector of Medical Supplies includes companies engaged in the manufacturing and distribution of medical supplies used by health care providers and the general public. Includes makers of contact lenses, eyeglass lenses, bandages and other disposable medical supplies.

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

Medical Supplies industry trend

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

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

Medical Supplies industry oscillator

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

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

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

Medical Supplies returns = (Medical Supplies Closing Price – Medical Supplies Previous Price)/(Medical Supplies Previous Price)

Medical Supplies industry

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

Medical Supplies industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Medical Supplies industry US.MEDSUPPLIES 1403.47 1 1 2.12857 76.2874 0.6 2.74 3.13 0.30817

Medical Supplies industry News

Medical Supplies industry Analysis

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

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

MacroVar estimates the following signals:: Medical Supplies momentum, Medical Supplies trend, Medical Supplies oscillator, Medical Supplies RSI and Medical Supplies returns.

Medical Supplies industry Description

The subsector of Medical Supplies includes companies engaged in the manufacturing and distribution of medical supplies used by health care providers and the general public. Includes makers of contact lenses, eyeglass lenses, bandages and other disposable medical supplies.

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

Medical Supplies industry trend

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

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

Medical Supplies industry oscillator

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

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

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

Medical Supplies returns = (Medical Supplies Closing Price – Medical Supplies Previous Price)/(Medical Supplies Previous Price)

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