Specialty Chemicals industry

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

Specialty Chemicals industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Specialty Chemicals industry US.SPECCHEMICALS 1251.4 0.5 0.25 0.07388 57.5083 0.00969 0.05634 0.01654 0.04999

Specialty Chemicals industry News

Specialty Chemicals industry analysis

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

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

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

Specialty Chemicals description

The Specialty Chemicals subsector includes companies engaged in the production and distribution of finished chemicals for industries or end users, including dyes, cellular polymers, coatings, special plastics and other chemicals for specialized applications. Includes makers of colorings, flavors and fragrances, fertilizers, pesticides, chemicals used to make drugs, paint in its pigment form and glass in its unfinished form. Excludes producers of paint and glass products used for construction, which are classified under Building Materials & Fixtures.

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

Specialty Chemicals trend

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

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

Specialty Chemicals oscillator

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

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

Specialty Chemicals 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 Specialty Chemicals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringSpecialty Chemicals 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.

Specialty Chemicals returns

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

Specialty Chemicals returns = (Specialty Chemicals Closing Price – Specialty Chemicals Previous Price)/(Specialty Chemicals Previous Price)

Specialty Chemicals industry

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

Specialty Chemicals industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Specialty Chemicals industry US.SPECCHEMICALS 1251.4 0.5 0.25 0.07388 57.5083 0.00969 0.05634 0.01654 0.04999

Specialty Chemicals industry News

Specialty Chemicals industry analysis

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

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

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

Specialty Chemicals description

The Specialty Chemicals subsector includes companies engaged in the production and distribution of finished chemicals for industries or end users, including dyes, cellular polymers, coatings, special plastics and other chemicals for specialized applications. Includes makers of colorings, flavors and fragrances, fertilizers, pesticides, chemicals used to make drugs, paint in its pigment form and glass in its unfinished form. Excludes producers of paint and glass products used for construction, which are classified under Building Materials & Fixtures.

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

Specialty Chemicals trend

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

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

Specialty Chemicals oscillator

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

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

Specialty Chemicals 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 Specialty Chemicals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringSpecialty Chemicals 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.

Specialty Chemicals returns

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

Specialty Chemicals returns = (Specialty Chemicals Closing Price – Specialty Chemicals Previous Price)/(Specialty Chemicals Previous Price)

Specialty Chemicals industry

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

Specialty Chemicals industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Specialty Chemicals industry US.SPECCHEMICALS 1251.4 0.5 0.25 0.07388 57.5083 0.00969 0.05634 0.01654 0.04999

Specialty Chemicals industry News

Specialty Chemicals industry analysis

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

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

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

Specialty Chemicals description

The Specialty Chemicals subsector includes companies engaged in the production and distribution of finished chemicals for industries or end users, including dyes, cellular polymers, coatings, special plastics and other chemicals for specialized applications. Includes makers of colorings, flavors and fragrances, fertilizers, pesticides, chemicals used to make drugs, paint in its pigment form and glass in its unfinished form. Excludes producers of paint and glass products used for construction, which are classified under Building Materials & Fixtures.

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

Specialty Chemicals trend

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

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

Specialty Chemicals oscillator

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

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

Specialty Chemicals 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 Specialty Chemicals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringSpecialty Chemicals 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.

Specialty Chemicals returns

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

Specialty Chemicals returns = (Specialty Chemicals Closing Price – Specialty Chemicals Previous Price)/(Specialty Chemicals Previous Price)

Specialty Chemicals industry

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

Specialty Chemicals industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Specialty Chemicals industry US.SPECCHEMICALS 1251.4 0.5 0.25 0.07388 57.5083 0.00969 0.05634 0.01654 0.04999

Specialty Chemicals industry News

Specialty Chemicals industry analysis

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

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

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

Specialty Chemicals description

The Specialty Chemicals subsector includes companies engaged in the production and distribution of finished chemicals for industries or end users, including dyes, cellular polymers, coatings, special plastics and other chemicals for specialized applications. Includes makers of colorings, flavors and fragrances, fertilizers, pesticides, chemicals used to make drugs, paint in its pigment form and glass in its unfinished form. Excludes producers of paint and glass products used for construction, which are classified under Building Materials & Fixtures.

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

Specialty Chemicals trend

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

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

Specialty Chemicals oscillator

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

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

Specialty Chemicals 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 Specialty Chemicals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringSpecialty Chemicals 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.

Specialty Chemicals returns

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

Specialty Chemicals returns = (Specialty Chemicals Closing Price – Specialty Chemicals Previous Price)/(Specialty Chemicals Previous Price)