Nondurable Household Products industry

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

Nondurable Household Products industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Nondurable Household Products industry US.NONDURPRODUCTS 1162.31 -0.5 -0.25 0.37308 44.5513 -0.0004 0.04577 -0.06086 0.07875

Nondurable Household Products industry News

Nondurable Household Products industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Nondurable Household Products 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 Nondurable Household Products industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Nondurable Household Products momentum, Nondurable Household Products trend, Nondurable Household Products oscillator, Nondurable Household Products RSI and Nondurable Household Products returns.

Nondurable Household Products industry Description

The subsector of Nondurable Household Products includes companies engaged in the production and distribution of pens, paper goods, batteries, light bulbs, tissues, toilet paper and cleaning products such as soaps and polishes.

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

Nondurable Household Products industry trend

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

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

Nondurable Household Products industry oscillator

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

Nondurable Household Products oversold conditions
Nondurable Household Products is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Nondurable Household Products is oversold it is often due for a rebound. Values of the Nondurable Household Products oscillator lower than -2.5 signify oversold conditions. It must be noted that the Nondurable Household Products oscillator must be analyzed ibn conjunction with the rest ofNondurable Household Products 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 Nondurable Household Products RSI.
Nondurable Household Products overbought conditions
Nondurable Household Products is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Nondurable Household Products is overbought it is often due for a correction. Values of the Nondurable Household Products oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Nondurable Household Products 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.

Nondurable Household Products 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 Nondurable Household Products is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringNondurable Household Products 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.

Nondurable Household Products industry returns

MacroVar calculates Nondurable Household Products returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Nondurable Household Products returns = (Nondurable Household Products Closing Price – Nondurable Household Products Previous Price)/(Nondurable Household Products Previous Price)

Nondurable Household Products industry

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

Nondurable Household Products industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Nondurable Household Products industry US.NONDURPRODUCTS 1162.31 -0.5 -0.25 0.37308 44.5513 -0.0004 0.04577 -0.06086 0.07875

Nondurable Household Products industry News

Nondurable Household Products industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Nondurable Household Products 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 Nondurable Household Products industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Nondurable Household Products momentum, Nondurable Household Products trend, Nondurable Household Products oscillator, Nondurable Household Products RSI and Nondurable Household Products returns.

Nondurable Household Products industry Description

The subsector of Nondurable Household Products includes companies engaged in the production and distribution of pens, paper goods, batteries, light bulbs, tissues, toilet paper and cleaning products such as soaps and polishes.

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

Nondurable Household Products industry trend

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

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

Nondurable Household Products industry oscillator

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

Nondurable Household Products oversold conditions
Nondurable Household Products is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Nondurable Household Products is oversold it is often due for a rebound. Values of the Nondurable Household Products oscillator lower than -2.5 signify oversold conditions. It must be noted that the Nondurable Household Products oscillator must be analyzed ibn conjunction with the rest ofNondurable Household Products 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 Nondurable Household Products RSI.
Nondurable Household Products overbought conditions
Nondurable Household Products is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Nondurable Household Products is overbought it is often due for a correction. Values of the Nondurable Household Products oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Nondurable Household Products 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.

Nondurable Household Products 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 Nondurable Household Products is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringNondurable Household Products 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.

Nondurable Household Products industry returns

MacroVar calculates Nondurable Household Products returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Nondurable Household Products returns = (Nondurable Household Products Closing Price – Nondurable Household Products Previous Price)/(Nondurable Household Products Previous Price)

Nondurable Household Products industry

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

Nondurable Household Products industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Nondurable Household Products industry US.NONDURPRODUCTS 1162.31 -0.5 -0.25 0.37308 44.5513 -0.0004 0.04577 -0.06086 0.07875

Nondurable Household Products industry News

Nondurable Household Products industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Nondurable Household Products 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 Nondurable Household Products industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Nondurable Household Products momentum, Nondurable Household Products trend, Nondurable Household Products oscillator, Nondurable Household Products RSI and Nondurable Household Products returns.

Nondurable Household Products industry Description

The subsector of Nondurable Household Products includes companies engaged in the production and distribution of pens, paper goods, batteries, light bulbs, tissues, toilet paper and cleaning products such as soaps and polishes.

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

Nondurable Household Products industry trend

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

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

Nondurable Household Products industry oscillator

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

Nondurable Household Products oversold conditions
Nondurable Household Products is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Nondurable Household Products is oversold it is often due for a rebound. Values of the Nondurable Household Products oscillator lower than -2.5 signify oversold conditions. It must be noted that the Nondurable Household Products oscillator must be analyzed ibn conjunction with the rest ofNondurable Household Products 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 Nondurable Household Products RSI.
Nondurable Household Products overbought conditions
Nondurable Household Products is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Nondurable Household Products is overbought it is often due for a correction. Values of the Nondurable Household Products oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Nondurable Household Products 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.

Nondurable Household Products 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 Nondurable Household Products is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringNondurable Household Products 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.

Nondurable Household Products industry returns

MacroVar calculates Nondurable Household Products returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Nondurable Household Products returns = (Nondurable Household Products Closing Price – Nondurable Household Products Previous Price)/(Nondurable Household Products Previous Price)

Nondurable Household Products industry

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

Nondurable Household Products industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Nondurable Household Products industry US.NONDURPRODUCTS 1162.31 -0.5 -0.25 0.37308 44.5513 -0.0004 0.04577 -0.06086 0.07875

Nondurable Household Products industry News

Nondurable Household Products industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Nondurable Household Products 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 Nondurable Household Products industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Nondurable Household Products momentum, Nondurable Household Products trend, Nondurable Household Products oscillator, Nondurable Household Products RSI and Nondurable Household Products returns.

Nondurable Household Products industry Description

The subsector of Nondurable Household Products includes companies engaged in the production and distribution of pens, paper goods, batteries, light bulbs, tissues, toilet paper and cleaning products such as soaps and polishes.

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

Nondurable Household Products industry trend

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

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

Nondurable Household Products industry oscillator

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

Nondurable Household Products oversold conditions
Nondurable Household Products is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Nondurable Household Products is oversold it is often due for a rebound. Values of the Nondurable Household Products oscillator lower than -2.5 signify oversold conditions. It must be noted that the Nondurable Household Products oscillator must be analyzed ibn conjunction with the rest ofNondurable Household Products 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 Nondurable Household Products RSI.
Nondurable Household Products overbought conditions
Nondurable Household Products is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Nondurable Household Products is overbought it is often due for a correction. Values of the Nondurable Household Products oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Nondurable Household Products 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.

Nondurable Household Products 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 Nondurable Household Products is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringNondurable Household Products 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.

Nondurable Household Products industry returns

MacroVar calculates Nondurable Household Products returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Nondurable Household Products returns = (Nondurable Household Products Closing Price – Nondurable Household Products Previous Price)/(Nondurable Household Products Previous Price)