Pharmaceuticals industry

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

Pharmaceuticals industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Pharmaceuticals industry US.PHARMA 725.21 1 1 1.57046 63.3827 -0.06 4.39 7.97 0.0286

Pharmaceuticals industry News

Pharmaceuticals industry Analysis

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

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

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

Pharmaceuticals industry Description

The subsector of Pharmaceuticals includes companies engaged in the manufacturing and prescription or over-the-counter drugs, such as aspirin, cold remedies and birth control pills. Includes vaccine producers but excludes vitamin producers, which are classified under Food Products.

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

Pharmaceuticals industry trend

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

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

Pharmaceuticals industry oscillator

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

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

Pharmaceuticals 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 Pharmaceuticals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringPharmaceuticals 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.

Pharmaceuticals industry returns

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

Pharmaceuticals returns = (Pharmaceuticals Closing Price – Pharmaceuticals Previous Price)/(Pharmaceuticals Previous Price)

Pharmaceuticals industry

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

Pharmaceuticals industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Pharmaceuticals industry US.PHARMA 725.21 1 1 1.57046 63.3827 -0.06 4.39 7.97 0.0286

Pharmaceuticals industry News

Pharmaceuticals industry Analysis

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

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

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

Pharmaceuticals industry Description

The subsector of Pharmaceuticals includes companies engaged in the manufacturing and prescription or over-the-counter drugs, such as aspirin, cold remedies and birth control pills. Includes vaccine producers but excludes vitamin producers, which are classified under Food Products.

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

Pharmaceuticals industry trend

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

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

Pharmaceuticals industry oscillator

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

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

Pharmaceuticals 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 Pharmaceuticals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringPharmaceuticals 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.

Pharmaceuticals industry returns

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

Pharmaceuticals returns = (Pharmaceuticals Closing Price – Pharmaceuticals Previous Price)/(Pharmaceuticals Previous Price)

Pharmaceuticals industry

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

Pharmaceuticals industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Pharmaceuticals industry US.PHARMA 725.21 1 1 1.57046 63.3827 -0.06 4.39 7.97 0.0286

Pharmaceuticals industry News

Pharmaceuticals industry Analysis

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

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

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

Pharmaceuticals industry Description

The subsector of Pharmaceuticals includes companies engaged in the manufacturing and prescription or over-the-counter drugs, such as aspirin, cold remedies and birth control pills. Includes vaccine producers but excludes vitamin producers, which are classified under Food Products.

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

Pharmaceuticals industry trend

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

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

Pharmaceuticals industry oscillator

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

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

Pharmaceuticals 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 Pharmaceuticals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringPharmaceuticals 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.

Pharmaceuticals industry returns

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

Pharmaceuticals returns = (Pharmaceuticals Closing Price – Pharmaceuticals Previous Price)/(Pharmaceuticals Previous Price)

Pharmaceuticals industry

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

Pharmaceuticals industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Pharmaceuticals industry US.PHARMA 725.21 1 1 1.57046 63.3827 -0.06 4.39 7.97 0.0286

Pharmaceuticals industry News

Pharmaceuticals industry Analysis

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

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

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

Pharmaceuticals industry Description

The subsector of Pharmaceuticals includes companies engaged in the manufacturing and prescription or over-the-counter drugs, such as aspirin, cold remedies and birth control pills. Includes vaccine producers but excludes vitamin producers, which are classified under Food Products.

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

Pharmaceuticals industry trend

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

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

Pharmaceuticals industry oscillator

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

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

Pharmaceuticals 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 Pharmaceuticals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringPharmaceuticals 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.

Pharmaceuticals industry returns

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

Pharmaceuticals returns = (Pharmaceuticals Closing Price – Pharmaceuticals Previous Price)/(Pharmaceuticals Previous Price)

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