Precious Metals industry
Monitor and predict the growth prospects and potential risks of the Precious Metals industry by examining the financial and macroeconomic factors affecting it and the latest Precious Metals news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Precious Metals updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.
Click to explore the factors and the financial models used by MacroVar to analyze the Precious Metals industry trend, growth prospects and risks.
Precious Metals industry Markets
| Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
|---|---|---|---|---|---|---|---|---|---|---|
| US Dow Jones Precious Metals industry | US.PRECIOUS | 234.58 | 100 | 50 | 0 | 61.52 | 2.47 | 4.84 | 5.59 | -7.63 |
Precious Metals industry News
Precious Metals industry Analysis
MacroVar monitors the performance, risk, trend and momentum of the
Precious Metals industry by examining the stock and credit performance of major Precious Metals companies across the US, Europe, Eastern Europe and Asia Pacific.
Precious Metals Stock performance is monitored by analyzing STOXX equity indices of major Precious Metals companies while
Precious Metals credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Precious Metals high yield corporate bond market.
MacroVar also monitors fundamental indicators closely linked to the Precious Metals sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.
MacroVar also monitors other factors closely related to the Precious Metals industry like closely related financial markets or macroeconmic indicators.
MacroVar estimates the following signals::
Precious Metals momentum, Precious Metals trend,
Precious Metals oscillator, Precious Metals RSI and
Precious Metals returns.
Precious
Metals industry description
The Precious metals industry subsector includes companies engaged in the exploration for and production
of platinum, silver and other precious metals not defined
elsewhere.
Precious Metals 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 Precious Metals momentum signal ranges from -100 to +100. The Precious Metals momentum signal is derived as the mean value from 4 calculations for the Precious Metals . The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Precious Metals return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Precious Metals momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Precious Metals momentum signal moves from positive to negative value or vice-versa.
Precious Metals
industry trend
Precious Metals trend signal ranges from -100 to +100. Precious Metals trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Precious Metals Closing price vs Precious Metals moving average (MA) calculation: If Precious Metals is greater than Precious Metals MA value is +1, else -1, 2. Precious Metals Moving average slope calculation: if current Precious Metals moving average is higher than the previous MA, Precious Metals upward slope +1, else -1
Precious Metals trend model can be used as a trend strength indicator. Precious Metals trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Precious Metals trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The Precious Metals 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Precious Metals is in an uptrend when Precious Metals price is higher than the 52-week moving average and the Precious Metals 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Precious Metals oscillator and Precious Metals RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
Precious Metals
industry oscillator
The Precious Metals oscillator estimated by MacroVar is the z-score of the current Precious Metals price versus Precious Metals 1-year simple moving average price. The formula for the Precious Metals oscillator is:
Precious Metals oscillator = (Current Price – 250 trading days Precious Metals simple moving average price) / (250 days Precious Metals price standard deviation)
Precious Metals oversold conditions
Precious Metals is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Precious Metals is oversold it is often due for a rebound. Values of the Precious Metals oscillator lower than -2.5 signify oversold conditions. It must be noted that the Precious Metals oscillator must be analyzed ibn conjunction with the rest of Precious Metals quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Precious Metals RSI.
Precious Metals overbought conditions
Precious Metals is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Precious Metals is overbought it is often due for a correction. Values of the Precious Metals oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Precious Metals quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.
Precious Metals RSI indicator
The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Precious Metals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Precious Metals uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.
Precious Metals
industry returns
MacroVar calculates Precious Metals returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:
Precious Metals returns = ( Precious Metals Closing Price – Precious Metals Previous Price)/( Precious Metals Previous Price)
Precious Metals industry
Monitor and predict the growth prospects and potential risks of the Precious Metals industry by examining the financial and macroeconomic factors affecting it and the latest Precious Metals news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Precious Metals updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.
Click to explore the factors and the financial models used by MacroVar to analyze the Precious Metals industry trend, growth prospects and risks.
Precious Metals industry Markets
| Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
|---|---|---|---|---|---|---|---|---|---|---|
| US Dow Jones Precious Metals industry | US.PRECIOUS | 234.58 | 100 | 50 | 0 | 61.52 | 2.47 | 4.84 | 5.59 | -7.63 |
Precious Metals industry News
Precious Metals industry Analysis
MacroVar monitors the performance, risk, trend and momentum of the
Precious Metals industry by examining the stock and credit performance of major Precious Metals companies across the US, Europe, Eastern Europe and Asia Pacific.
Precious Metals Stock performance is monitored by analyzing STOXX equity indices of major Precious Metals companies while
Precious Metals credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Precious Metals high yield corporate bond market.
MacroVar also monitors fundamental indicators closely linked to the Precious Metals sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.
MacroVar also monitors other factors closely related to the Precious Metals industry like closely related financial markets or macroeconmic indicators.
MacroVar estimates the following signals::
Precious Metals momentum, Precious Metals trend,
Precious Metals oscillator, Precious Metals RSI and
Precious Metals returns.
Precious
Metals industry description
The Precious metals industry subsector includes companies engaged in the exploration for and production
of platinum, silver and other precious metals not defined
elsewhere.
Precious Metals 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 Precious Metals momentum signal ranges from -100 to +100. The Precious Metals momentum signal is derived as the mean value from 4 calculations for the Precious Metals . The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Precious Metals return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Precious Metals momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Precious Metals momentum signal moves from positive to negative value or vice-versa.
Precious Metals
industry trend
Precious Metals trend signal ranges from -100 to +100. Precious Metals trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Precious Metals Closing price vs Precious Metals moving average (MA) calculation: If Precious Metals is greater than Precious Metals MA value is +1, else -1, 2. Precious Metals Moving average slope calculation: if current Precious Metals moving average is higher than the previous MA, Precious Metals upward slope +1, else -1
Precious Metals trend model can be used as a trend strength indicator. Precious Metals trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Precious Metals trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The Precious Metals 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Precious Metals is in an uptrend when Precious Metals price is higher than the 52-week moving average and the Precious Metals 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Precious Metals oscillator and Precious Metals RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
Precious Metals
industry oscillator
The Precious Metals oscillator estimated by MacroVar is the z-score of the current Precious Metals price versus Precious Metals 1-year simple moving average price. The formula for the Precious Metals oscillator is:
Precious Metals oscillator = (Current Price – 250 trading days Precious Metals simple moving average price) / (250 days Precious Metals price standard deviation)
Precious Metals oversold conditions
Precious Metals is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Precious Metals is oversold it is often due for a rebound. Values of the Precious Metals oscillator lower than -2.5 signify oversold conditions. It must be noted that the Precious Metals oscillator must be analyzed ibn conjunction with the rest of Precious Metals quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Precious Metals RSI.
Precious Metals overbought conditions
Precious Metals is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Precious Metals is overbought it is often due for a correction. Values of the Precious Metals oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Precious Metals quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.
Precious Metals RSI indicator
The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Precious Metals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Precious Metals uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.
Precious Metals
industry returns
MacroVar calculates Precious Metals returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:
Precious Metals returns = ( Precious Metals Closing Price – Precious Metals Previous Price)/( Precious Metals Previous Price)
Precious Metals industry
Monitor and predict the growth prospects and potential risks of the Precious Metals industry by examining the financial and macroeconomic factors affecting it and the latest Precious Metals news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Precious Metals updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.
Click to explore the factors and the financial models used by MacroVar to analyze the Precious Metals industry trend, growth prospects and risks.
Precious Metals industry Markets
| Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
|---|---|---|---|---|---|---|---|---|---|---|
| US Dow Jones Precious Metals industry | US.PRECIOUS | 234.58 | 100 | 50 | 0 | 61.52 | 2.47 | 4.84 | 5.59 | -7.63 |
Precious Metals industry News
Precious Metals industry Analysis
MacroVar monitors the performance, risk, trend and momentum of the
Precious Metals industry by examining the stock and credit performance of major Precious Metals companies across the US, Europe, Eastern Europe and Asia Pacific.
Precious Metals Stock performance is monitored by analyzing STOXX equity indices of major Precious Metals companies while
Precious Metals credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Precious Metals high yield corporate bond market.
MacroVar also monitors fundamental indicators closely linked to the Precious Metals sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.
MacroVar also monitors other factors closely related to the Precious Metals industry like closely related financial markets or macroeconmic indicators.
MacroVar estimates the following signals::
Precious Metals momentum, Precious Metals trend,
Precious Metals oscillator, Precious Metals RSI and
Precious Metals returns.
Precious
Metals industry description
The Precious metals industry subsector includes companies engaged in the exploration for and production
of platinum, silver and other precious metals not defined
elsewhere.
Precious Metals 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 Precious Metals momentum signal ranges from -100 to +100. The Precious Metals momentum signal is derived as the mean value from 4 calculations for the Precious Metals . The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Precious Metals return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Precious Metals momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Precious Metals momentum signal moves from positive to negative value or vice-versa.
Precious Metals
industry trend
Precious Metals trend signal ranges from -100 to +100. Precious Metals trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Precious Metals Closing price vs Precious Metals moving average (MA) calculation: If Precious Metals is greater than Precious Metals MA value is +1, else -1, 2. Precious Metals Moving average slope calculation: if current Precious Metals moving average is higher than the previous MA, Precious Metals upward slope +1, else -1
Precious Metals trend model can be used as a trend strength indicator. Precious Metals trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Precious Metals trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The Precious Metals 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Precious Metals is in an uptrend when Precious Metals price is higher than the 52-week moving average and the Precious Metals 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Precious Metals oscillator and Precious Metals RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
Precious Metals
industry oscillator
The Precious Metals oscillator estimated by MacroVar is the z-score of the current Precious Metals price versus Precious Metals 1-year simple moving average price. The formula for the Precious Metals oscillator is:
Precious Metals oscillator = (Current Price – 250 trading days Precious Metals simple moving average price) / (250 days Precious Metals price standard deviation)
Precious Metals oversold conditions
Precious Metals is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Precious Metals is oversold it is often due for a rebound. Values of the Precious Metals oscillator lower than -2.5 signify oversold conditions. It must be noted that the Precious Metals oscillator must be analyzed ibn conjunction with the rest of Precious Metals quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Precious Metals RSI.
Precious Metals overbought conditions
Precious Metals is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Precious Metals is overbought it is often due for a correction. Values of the Precious Metals oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Precious Metals quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.
Precious Metals RSI indicator
The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Precious Metals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Precious Metals uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.
Precious Metals
industry returns
MacroVar calculates Precious Metals returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:
Precious Metals returns = ( Precious Metals Closing Price – Precious Metals Previous Price)/( Precious Metals Previous Price)
Precious Metals industry
Monitor and predict the growth prospects and potential risks of the Precious Metals industry by examining the financial and macroeconomic factors affecting it and the latest Precious Metals news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Precious Metals updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.
Click to explore the factors and the financial models used by MacroVar to analyze the Precious Metals industry trend, growth prospects and risks.
Precious Metals industry Markets
| Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
|---|---|---|---|---|---|---|---|---|---|---|
| US Dow Jones Precious Metals industry | US.PRECIOUS | 234.58 | 100 | 50 | 0 | 61.52 | 2.47 | 4.84 | 5.59 | -7.63 |
Precious Metals industry News
Precious Metals industry Analysis
MacroVar monitors the performance, risk, trend and momentum of the
Precious Metals industry by examining the stock and credit performance of major Precious Metals companies across the US, Europe, Eastern Europe and Asia Pacific.
Precious Metals Stock performance is monitored by analyzing STOXX equity indices of major Precious Metals companies while
Precious Metals credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Precious Metals high yield corporate bond market.
MacroVar also monitors fundamental indicators closely linked to the Precious Metals sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.
MacroVar also monitors other factors closely related to the Precious Metals industry like closely related financial markets or macroeconmic indicators.
MacroVar estimates the following signals::
Precious Metals momentum, Precious Metals trend,
Precious Metals oscillator, Precious Metals RSI and
Precious Metals returns.
Precious
Metals industry description
The Precious metals industry subsector includes companies engaged in the exploration for and production
of platinum, silver and other precious metals not defined
elsewhere.
Precious Metals 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 Precious Metals momentum signal ranges from -100 to +100. The Precious Metals momentum signal is derived as the mean value from 4 calculations for the Precious Metals . The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Precious Metals return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Precious Metals momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Precious Metals momentum signal moves from positive to negative value or vice-versa.
Precious Metals
industry trend
Precious Metals trend signal ranges from -100 to +100. Precious Metals trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Precious Metals Closing price vs Precious Metals moving average (MA) calculation: If Precious Metals is greater than Precious Metals MA value is +1, else -1, 2. Precious Metals Moving average slope calculation: if current Precious Metals moving average is higher than the previous MA, Precious Metals upward slope +1, else -1
Precious Metals trend model can be used as a trend strength indicator. Precious Metals trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Precious Metals trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The Precious Metals 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Precious Metals is in an uptrend when Precious Metals price is higher than the 52-week moving average and the Precious Metals 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Precious Metals oscillator and Precious Metals RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
Precious Metals
industry oscillator
The Precious Metals oscillator estimated by MacroVar is the z-score of the current Precious Metals price versus Precious Metals 1-year simple moving average price. The formula for the Precious Metals oscillator is:
Precious Metals oscillator = (Current Price – 250 trading days Precious Metals simple moving average price) / (250 days Precious Metals price standard deviation)
Precious Metals oversold conditions
Precious Metals is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Precious Metals is oversold it is often due for a rebound. Values of the Precious Metals oscillator lower than -2.5 signify oversold conditions. It must be noted that the Precious Metals oscillator must be analyzed ibn conjunction with the rest of Precious Metals quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Precious Metals RSI.
Precious Metals overbought conditions
Precious Metals is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Precious Metals is overbought it is often due for a correction. Values of the Precious Metals oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Precious Metals quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.
Precious Metals RSI indicator
The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Precious Metals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Precious Metals uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.
Precious Metals
industry returns
MacroVar calculates Precious Metals returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:
Precious Metals returns = ( Precious Metals Closing Price – Precious Metals Previous Price)/( Precious Metals Previous Price)