Nonferrous Metals industry

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

Nonferrous Metals industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Nonferrous Metals industry US.NONFERROUSMETALS 643.16 0.5 1 2.44775 59.0531 -0.01049 0.0245 0.11763 0.46007

Nonferrous Metals industry News

Nonferrous Metals industry Analysis

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

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

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

Nonferrous Metals Industry description

The Nonferrous Metals subsector includes companies engaged in the production and trade of metals and primary metal products other than iron, aluminum and steel. Excludes companies that make finished products, which are categorized according to the type of end product.

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

Nonferrous Metals trend

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

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

Nonferrous Metals oscillator

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

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

Nonferrous 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 Nonferrous Metals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringNonferrous 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.

Nonferrous Metals returns

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

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

Nonferrous Metals industry

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

Nonferrous Metals industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Nonferrous Metals industry US.NONFERROUSMETALS 643.16 0.5 1 2.44775 59.0531 -0.01049 0.0245 0.11763 0.46007

Nonferrous Metals industry News

Nonferrous Metals industry Analysis

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

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

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

Nonferrous Metals Industry description

The Nonferrous Metals subsector includes companies engaged in the production and trade of metals and primary metal products other than iron, aluminum and steel. Excludes companies that make finished products, which are categorized according to the type of end product.

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

Nonferrous Metals trend

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

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

Nonferrous Metals oscillator

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

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

Nonferrous 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 Nonferrous Metals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringNonferrous 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.

Nonferrous Metals returns

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

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

Nonferrous Metals industry

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

Nonferrous Metals industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Nonferrous Metals industry US.NONFERROUSMETALS 643.16 0.5 1 2.44775 59.0531 -0.01049 0.0245 0.11763 0.46007

Nonferrous Metals industry News

Nonferrous Metals industry Analysis

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

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

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

Nonferrous Metals Industry description

The Nonferrous Metals subsector includes companies engaged in the production and trade of metals and primary metal products other than iron, aluminum and steel. Excludes companies that make finished products, which are categorized according to the type of end product.

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

Nonferrous Metals trend

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

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

Nonferrous Metals oscillator

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

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

Nonferrous 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 Nonferrous Metals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringNonferrous 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.

Nonferrous Metals returns

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

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

Nonferrous Metals industry

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

Nonferrous Metals industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Nonferrous Metals industry US.NONFERROUSMETALS 643.16 0.5 1 2.44775 59.0531 -0.01049 0.0245 0.11763 0.46007

Nonferrous Metals industry News

Nonferrous Metals industry Analysis

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

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

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

Nonferrous Metals Industry description

The Nonferrous Metals subsector includes companies engaged in the production and trade of metals and primary metal products other than iron, aluminum and steel. Excludes companies that make finished products, which are categorized according to the type of end product.

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

Nonferrous Metals trend

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

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

Nonferrous Metals oscillator

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

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

Nonferrous 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 Nonferrous Metals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringNonferrous 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.

Nonferrous Metals returns

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

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