Soft Drinks industry

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

Soft Drinks industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Soft Drinks industry US.SOFTDRINKS 879.73 0 0 0.84639 49.3901 0.00686 0.04988 -0.03178 0.12367

Soft Drinks industry News

Soft Drinks industry Analysis

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

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

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

Soft Drinks industry Description

The subsector of Soft Drinks includes companies like Manufacturers, bottlers and distributors of nonalcoholic beverages, such as soda, fruit juices, tea, coffee and bottled water.

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

Soft Drinks industry trend

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

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

Soft Drinks industry oscillator

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

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

Soft Drinks 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 Soft Drinks is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringSoft Drinks 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.

Soft Drinks industry returns

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

Soft Drinks returns = (Soft Drinks Closing Price – Soft Drinks Previous Price)/(Soft Drinks Previous Price)

Soft Drinks industry

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

Soft Drinks industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Soft Drinks industry US.SOFTDRINKS 879.73 0 0 0.84639 49.3901 0.00686 0.04988 -0.03178 0.12367

Soft Drinks industry News

Soft Drinks industry Analysis

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

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

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

Soft Drinks industry Description

The subsector of Soft Drinks includes companies like Manufacturers, bottlers and distributors of nonalcoholic beverages, such as soda, fruit juices, tea, coffee and bottled water.

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

Soft Drinks industry trend

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

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

Soft Drinks industry oscillator

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

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

Soft Drinks 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 Soft Drinks is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringSoft Drinks 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.

Soft Drinks industry returns

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

Soft Drinks returns = (Soft Drinks Closing Price – Soft Drinks Previous Price)/(Soft Drinks Previous Price)

Soft Drinks industry

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

Soft Drinks industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Soft Drinks industry US.SOFTDRINKS 879.73 0 0 0.84639 49.3901 0.00686 0.04988 -0.03178 0.12367

Soft Drinks industry News

Soft Drinks industry Analysis

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

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

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

Soft Drinks industry Description

The subsector of Soft Drinks includes companies like Manufacturers, bottlers and distributors of nonalcoholic beverages, such as soda, fruit juices, tea, coffee and bottled water.

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

Soft Drinks industry trend

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

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

Soft Drinks industry oscillator

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

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

Soft Drinks 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 Soft Drinks is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringSoft Drinks 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.

Soft Drinks industry returns

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

Soft Drinks returns = (Soft Drinks Closing Price – Soft Drinks Previous Price)/(Soft Drinks Previous Price)

Soft Drinks industry

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

Soft Drinks industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Soft Drinks industry US.SOFTDRINKS 879.73 0 0 0.84639 49.3901 0.00686 0.04988 -0.03178 0.12367

Soft Drinks industry News

Soft Drinks industry Analysis

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

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

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

Soft Drinks industry Description

The subsector of Soft Drinks includes companies like Manufacturers, bottlers and distributors of nonalcoholic beverages, such as soda, fruit juices, tea, coffee and bottled water.

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

Soft Drinks industry trend

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

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

Soft Drinks industry oscillator

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

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

Soft Drinks 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 Soft Drinks is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringSoft Drinks 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.

Soft Drinks industry returns

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

Soft Drinks returns = (Soft Drinks Closing Price – Soft Drinks Previous Price)/(Soft Drinks Previous Price)