Personal Goods industry

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

Personal Goods industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Personal Goods industry US.PERSGOODS 921.37 1 1 1.74863 60.758 -0.35 9.2 8.53 0.17494
Europe Personal Goods industry EU.PERSGOODS 3691.68 0 1 1.97017 57.6466 -1.81 0.47 11.8 0.13498

Personal Goods industry News

Personal Goods industry Analysis

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

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

MacroVar estimates the following signals:: Personal Goods momentum, Personal Goods trend, Personal Goods oscillator, Personal Goods RSI and Personal Goods returns.

Personal Goods industry Description

The sector of Personal Goods includes the subsectors of Clothing & Accessories, Footwear and Personal Products.
The subsector of Clothing & Accessories includes companies engaged in the manufacturing and distribution of all types of clothing, jewelry, watches or textiles. Includes sportswear, sunglasses, eyeglass frames, leather clothing and goods, and processors of hides and skins
The subsector of Footwear includes companies engaged in the production and distribution of of shoes, boots, sandals, sneakers and other types of footwear.
The subsector of Personal Products includes companies engaged in the manufacturing and distribution of cosmetics, toiletries and personal-care and hygiene products, including deodorants, soaps, toothpaste, perfumes, diapers, shampoos, razors and feminine-hygiene prod-ucts. Includes makers of contraceptives other than oral contracep-tives, which are classified under Pharmaceuticals.

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

Personal Goods industry trend

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

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

Personal Goods industry oscillator

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

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

Personal Goods 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 Personal Goods is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringPersonal Goods 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.

Personal Goods industry returns

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

Personal Goods returns = (Personal Goods Closing Price – Personal Goods Previous Price)/(Personal Goods Previous Price)

Personal Goods industry

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

Personal Goods industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Personal Goods industry US.PERSGOODS 921.37 1 1 1.74863 60.758 -0.35 9.2 8.53 0.17494
Europe Personal Goods industry EU.PERSGOODS 3691.68 0 1 1.97017 57.6466 -1.81 0.47 11.8 0.13498

Personal Goods industry News

Personal Goods industry Analysis

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

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

MacroVar estimates the following signals:: Personal Goods momentum, Personal Goods trend, Personal Goods oscillator, Personal Goods RSI and Personal Goods returns.

Personal Goods industry Description

The sector of Personal Goods includes the subsectors of Clothing & Accessories, Footwear and Personal Products.
The subsector of Clothing & Accessories includes companies engaged in the manufacturing and distribution of all types of clothing, jewelry, watches or textiles. Includes sportswear, sunglasses, eyeglass frames, leather clothing and goods, and processors of hides and skins
The subsector of Footwear includes companies engaged in the production and distribution of of shoes, boots, sandals, sneakers and other types of footwear.
The subsector of Personal Products includes companies engaged in the manufacturing and distribution of cosmetics, toiletries and personal-care and hygiene products, including deodorants, soaps, toothpaste, perfumes, diapers, shampoos, razors and feminine-hygiene prod-ucts. Includes makers of contraceptives other than oral contracep-tives, which are classified under Pharmaceuticals.

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

Personal Goods industry trend

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

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

Personal Goods industry oscillator

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

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

Personal Goods 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 Personal Goods is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringPersonal Goods 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.

Personal Goods industry returns

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

Personal Goods returns = (Personal Goods Closing Price – Personal Goods Previous Price)/(Personal Goods Previous Price)

Personal Goods industry

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

Personal Goods industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Personal Goods industry US.PERSGOODS 921.37 1 1 1.74863 60.758 -0.35 9.2 8.53 0.17494
Europe Personal Goods industry EU.PERSGOODS 3691.68 0 1 1.97017 57.6466 -1.81 0.47 11.8 0.13498

Personal Goods industry News

Personal Goods industry Analysis

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

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

MacroVar estimates the following signals:: Personal Goods momentum, Personal Goods trend, Personal Goods oscillator, Personal Goods RSI and Personal Goods returns.

Personal Goods industry Description

The sector of Personal Goods includes the subsectors of Clothing & Accessories, Footwear and Personal Products.
The subsector of Clothing & Accessories includes companies engaged in the manufacturing and distribution of all types of clothing, jewelry, watches or textiles. Includes sportswear, sunglasses, eyeglass frames, leather clothing and goods, and processors of hides and skins
The subsector of Footwear includes companies engaged in the production and distribution of of shoes, boots, sandals, sneakers and other types of footwear.
The subsector of Personal Products includes companies engaged in the manufacturing and distribution of cosmetics, toiletries and personal-care and hygiene products, including deodorants, soaps, toothpaste, perfumes, diapers, shampoos, razors and feminine-hygiene prod-ucts. Includes makers of contraceptives other than oral contracep-tives, which are classified under Pharmaceuticals.

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

Personal Goods industry trend

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

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

Personal Goods industry oscillator

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

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

Personal Goods 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 Personal Goods is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringPersonal Goods 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.

Personal Goods industry returns

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

Personal Goods returns = (Personal Goods Closing Price – Personal Goods Previous Price)/(Personal Goods Previous Price)

Personal Goods industry

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

Personal Goods industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Personal Goods industry US.PERSGOODS 921.37 1 1 1.74863 60.758 -0.35 9.2 8.53 0.17494
Europe Personal Goods industry EU.PERSGOODS 3691.68 0 1 1.97017 57.6466 -1.81 0.47 11.8 0.13498

Personal Goods industry News

Personal Goods industry Analysis

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

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

MacroVar estimates the following signals:: Personal Goods momentum, Personal Goods trend, Personal Goods oscillator, Personal Goods RSI and Personal Goods returns.

Personal Goods industry Description

The sector of Personal Goods includes the subsectors of Clothing & Accessories, Footwear and Personal Products.
The subsector of Clothing & Accessories includes companies engaged in the manufacturing and distribution of all types of clothing, jewelry, watches or textiles. Includes sportswear, sunglasses, eyeglass frames, leather clothing and goods, and processors of hides and skins
The subsector of Footwear includes companies engaged in the production and distribution of of shoes, boots, sandals, sneakers and other types of footwear.
The subsector of Personal Products includes companies engaged in the manufacturing and distribution of cosmetics, toiletries and personal-care and hygiene products, including deodorants, soaps, toothpaste, perfumes, diapers, shampoos, razors and feminine-hygiene prod-ucts. Includes makers of contraceptives other than oral contracep-tives, which are classified under Pharmaceuticals.

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

Personal Goods industry trend

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

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

Personal Goods industry oscillator

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

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

Personal Goods 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 Personal Goods is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringPersonal Goods 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.

Personal Goods industry returns

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

Personal Goods returns = (Personal Goods Closing Price – Personal Goods Previous Price)/(Personal Goods Previous Price)

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