Renewable Energy Equipment Industry

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

Renewable Energy Equipment Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Renewable Energy Equipment industry US.RENEWABLES 194.2 0.5 -0.25 -0.84155 59.0429 0.00414 0.01899 0.19442 -0.30023

Renewable Energy Equipment Industry News

Renewable Energy Equipment Industry Analysis

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

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

MacroVar estimates the following signals:: Renewable Energy Equipment momentum, Renewable Energy Equipment trend, Renewable Energy Equipment oscillator, Renewable Energy Equipment RSI and Renewable Energy Equipment returns.

Renewable Energy Equipment description

The Renewable Energy Equipment subsector includes companies engaged in the development or manufacture of renewable energy equipment utilizing sources such as solar, wind, tidal, geothermal hydro, and waves.

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

Renewable Energy Equipment trend

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

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

Renewable Energy Equipment oscillator

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

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

Renewable Energy Equipment 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 Renewable Energy Equipment is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringRenewable Energy Equipment 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.

Renewable Energy Equipment returns

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

Renewable Energy Equipment returns = (Renewable Energy Equipment Closing Price – Renewable Energy Equipment Previous Price)/(Renewable Energy Equipment Previous Price)

level”:1} –>

Renewable Energy Equipment Industry

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

Renewable Energy Equipment Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Renewable Energy Equipment industry US.RENEWABLES 194.2 0.5 -0.25 -0.84155 59.0429 0.00414 0.01899 0.19442 -0.30023

Renewable Energy Equipment Industry News

Renewable Energy Equipment Industry Analysis

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

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

MacroVar estimates the following signals:: Renewable Energy Equipment momentum, Renewable Energy Equipment trend, Renewable Energy Equipment oscillator, Renewable Energy Equipment RSI and Renewable Energy Equipment returns.

Renewable Energy Equipment description

The Renewable Energy Equipment subsector includes companies engaged in the development or manufacture of renewable energy equipment utilizing sources such as solar, wind, tidal, geothermal hydro, and waves.

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

Renewable Energy Equipment trend

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

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

Renewable Energy Equipment oscillator

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

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

Renewable Energy Equipment 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 Renewable Energy Equipment is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringRenewable Energy Equipment 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.

Renewable Energy Equipment returns

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

Renewable Energy Equipment returns = (Renewable Energy Equipment Closing Price – Renewable Energy Equipment Previous Price)/(Renewable Energy Equipment Previous Price)

level”:1} –>

Renewable Energy Equipment Industry

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

Renewable Energy Equipment Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Renewable Energy Equipment industry US.RENEWABLES 194.2 0.5 -0.25 -0.84155 59.0429 0.00414 0.01899 0.19442 -0.30023

Renewable Energy Equipment Industry News

Renewable Energy Equipment Industry Analysis

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

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

MacroVar estimates the following signals:: Renewable Energy Equipment momentum, Renewable Energy Equipment trend, Renewable Energy Equipment oscillator, Renewable Energy Equipment RSI and Renewable Energy Equipment returns.

Renewable Energy Equipment description

The Renewable Energy Equipment subsector includes companies engaged in the development or manufacture of renewable energy equipment utilizing sources such as solar, wind, tidal, geothermal hydro, and waves.

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

Renewable Energy Equipment trend

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

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

Renewable Energy Equipment oscillator

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

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

Renewable Energy Equipment 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 Renewable Energy Equipment is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringRenewable Energy Equipment 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.

Renewable Energy Equipment returns

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

Renewable Energy Equipment returns = (Renewable Energy Equipment Closing Price – Renewable Energy Equipment Previous Price)/(Renewable Energy Equipment Previous Price)

level”:1} –>

Renewable Energy Equipment Industry

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

Renewable Energy Equipment Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Renewable Energy Equipment industry US.RENEWABLES 194.2 0.5 -0.25 -0.84155 59.0429 0.00414 0.01899 0.19442 -0.30023

Renewable Energy Equipment Industry News

Renewable Energy Equipment Industry Analysis

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

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

MacroVar estimates the following signals:: Renewable Energy Equipment momentum, Renewable Energy Equipment trend, Renewable Energy Equipment oscillator, Renewable Energy Equipment RSI and Renewable Energy Equipment returns.

Renewable Energy Equipment description

The Renewable Energy Equipment subsector includes companies engaged in the development or manufacture of renewable energy equipment utilizing sources such as solar, wind, tidal, geothermal hydro, and waves.

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

Renewable Energy Equipment trend

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

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

Renewable Energy Equipment oscillator

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

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

Renewable Energy Equipment 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 Renewable Energy Equipment is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringRenewable Energy Equipment 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.

Renewable Energy Equipment returns

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

Renewable Energy Equipment returns = (Renewable Energy Equipment Closing Price – Renewable Energy Equipment Previous Price)/(Renewable Energy Equipment Previous Price)