Oil & Gas Producers Industry

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

Oil & Gas Producers Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Oil & Gas Producers industry US.OILGASPRODUCERS 711.48 0.5 1 2.43548 57.4983 0.00183 -0.03145 0.09494 0.55189
Europe Total Market Oil & Gas Producers industry EU.OILPRODUCERS 544.67 -1 -1 -1.22643 33.9318 -2.85 -7.65 -12.37 -0.44682
US Oil & Gas Producers Credit Spreads US.OILGASPRODUCERS.CR 157.2 -0.5 0.5 1.54721 38.0812 -0.01411 -0.09515 -0.01867 0.2242

Oil & Gas Producers Industry News

Oil & Gas Producers Industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Oil & Gas Producers 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 Oil & Gas Producers industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Oil & Gas Producers momentum, Oil & Gas Producers trend, Oil & Gas Producers oscillator, Oil & Gas Producers RSI and Oil & Gas Producers returns.

Oil & Gas Producers description

The Oil & Gas Producers sector includes the economic sectors Exploration & Production, and Integrated Oil & Gas. The Exploration & production subsector includes companies engaged in the exploration for and drilling, production, refining and supply of oil and gas products. The integrated Oil & Gas subsector includes oil and gas companies engaged in the exploration for and drilling, production, refining, distribution and retail sales of oil and gas products.

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

Oil & Gas Producers trend

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

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

Oil & Gas Producers oscillator

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

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

Oil & Gas Producers 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 Oil & Gas Producers is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringOil & Gas Producers 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.

Oil & Gas Producers returns

MacroVar calculates Oil & Gas Producers returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Oil & Gas Producers returns = (Oil & Gas Producers Closing Price – Oil & Gas Producers Previous Price)/(Oil & Gas Producers Previous Price)

level”:1} –>

Oil & Gas Producers Industry

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

Oil & Gas Producers Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Oil & Gas Producers industry US.OILGASPRODUCERS 711.48 0.5 1 2.43548 57.4983 0.00183 -0.03145 0.09494 0.55189
Europe Total Market Oil & Gas Producers industry EU.OILPRODUCERS 544.67 -1 -1 -1.22643 33.9318 -2.85 -7.65 -12.37 -0.44682
US Oil & Gas Producers Credit Spreads US.OILGASPRODUCERS.CR 157.2 -0.5 0.5 1.54721 38.0812 -0.01411 -0.09515 -0.01867 0.2242

Oil & Gas Producers Industry News

Oil & Gas Producers Industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Oil & Gas Producers 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 Oil & Gas Producers industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Oil & Gas Producers momentum, Oil & Gas Producers trend, Oil & Gas Producers oscillator, Oil & Gas Producers RSI and Oil & Gas Producers returns.

Oil & Gas Producers description

The Oil & Gas Producers sector includes the economic sectors Exploration & Production, and Integrated Oil & Gas. The Exploration & production subsector includes companies engaged in the exploration for and drilling, production, refining and supply of oil and gas products. The integrated Oil & Gas subsector includes oil and gas companies engaged in the exploration for and drilling, production, refining, distribution and retail sales of oil and gas products.

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

Oil & Gas Producers trend

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

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

Oil & Gas Producers oscillator

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

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

Oil & Gas Producers 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 Oil & Gas Producers is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringOil & Gas Producers 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.

Oil & Gas Producers returns

MacroVar calculates Oil & Gas Producers returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Oil & Gas Producers returns = (Oil & Gas Producers Closing Price – Oil & Gas Producers Previous Price)/(Oil & Gas Producers Previous Price)

level”:1} –>

Oil & Gas Producers Industry

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

Oil & Gas Producers Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Oil & Gas Producers industry US.OILGASPRODUCERS 711.48 0.5 1 2.43548 57.4983 0.00183 -0.03145 0.09494 0.55189
Europe Total Market Oil & Gas Producers industry EU.OILPRODUCERS 544.67 -1 -1 -1.22643 33.9318 -2.85 -7.65 -12.37 -0.44682
US Oil & Gas Producers Credit Spreads US.OILGASPRODUCERS.CR 157.2 -0.5 0.5 1.54721 38.0812 -0.01411 -0.09515 -0.01867 0.2242

Oil & Gas Producers Industry News

Oil & Gas Producers Industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Oil & Gas Producers 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 Oil & Gas Producers industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Oil & Gas Producers momentum, Oil & Gas Producers trend, Oil & Gas Producers oscillator, Oil & Gas Producers RSI and Oil & Gas Producers returns.

Oil & Gas Producers description

The Oil & Gas Producers sector includes the economic sectors Exploration & Production, and Integrated Oil & Gas. The Exploration & production subsector includes companies engaged in the exploration for and drilling, production, refining and supply of oil and gas products. The integrated Oil & Gas subsector includes oil and gas companies engaged in the exploration for and drilling, production, refining, distribution and retail sales of oil and gas products.

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

Oil & Gas Producers trend

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

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

Oil & Gas Producers oscillator

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

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

Oil & Gas Producers 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 Oil & Gas Producers is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringOil & Gas Producers 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.

Oil & Gas Producers returns

MacroVar calculates Oil & Gas Producers returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Oil & Gas Producers returns = (Oil & Gas Producers Closing Price – Oil & Gas Producers Previous Price)/(Oil & Gas Producers Previous Price)

level”:1} –>

Oil & Gas Producers Industry

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

Oil & Gas Producers Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Oil & Gas Producers industry US.OILGASPRODUCERS 711.48 0.5 1 2.43548 57.4983 0.00183 -0.03145 0.09494 0.55189
Europe Total Market Oil & Gas Producers industry EU.OILPRODUCERS 544.67 -1 -1 -1.22643 33.9318 -2.85 -7.65 -12.37 -0.44682
US Oil & Gas Producers Credit Spreads US.OILGASPRODUCERS.CR 157.2 -0.5 0.5 1.54721 38.0812 -0.01411 -0.09515 -0.01867 0.2242

Oil & Gas Producers Industry News

Oil & Gas Producers Industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Oil & Gas Producers 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 Oil & Gas Producers industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Oil & Gas Producers momentum, Oil & Gas Producers trend, Oil & Gas Producers oscillator, Oil & Gas Producers RSI and Oil & Gas Producers returns.

Oil & Gas Producers description

The Oil & Gas Producers sector includes the economic sectors Exploration & Production, and Integrated Oil & Gas. The Exploration & production subsector includes companies engaged in the exploration for and drilling, production, refining and supply of oil and gas products. The integrated Oil & Gas subsector includes oil and gas companies engaged in the exploration for and drilling, production, refining, distribution and retail sales of oil and gas products.

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

Oil & Gas Producers trend

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

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

Oil & Gas Producers oscillator

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

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

Oil & Gas Producers 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 Oil & Gas Producers is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringOil & Gas Producers 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.

Oil & Gas Producers returns

MacroVar calculates Oil & Gas Producers returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Oil & Gas Producers returns = (Oil & Gas Producers Closing Price – Oil & Gas Producers Previous Price)/(Oil & Gas Producers Previous Price)