Steel industry

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

Steel industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Steel industry US.STEEL 498.72 1 1 3.08708 69.037 0.00625 0.03764 0.19663 0.56865

Steel industry News

Steel industry Analysis

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

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

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

Steel Momentum Industry description

The Iron & Steel subsector includes companies engaged in the manufacturing and stockholding of primary iron and steel products such as pipes, wires, sheets and bars, encompassing all processes from smelting in blast furnaces to rolling mills and foundries. Includes companies that primarily mine iron ores.

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

Steel Industry trend

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

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

Steel Industry oscillator

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

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

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

Steel Industry returns

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

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

Steel industry

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

Steel industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Steel industry US.STEEL 498.72 1 1 3.08708 69.037 0.00625 0.03764 0.19663 0.56865

Steel industry News

Steel industry Analysis

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

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

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

Steel Momentum Industry description

The Iron & Steel subsector includes companies engaged in the manufacturing and stockholding of primary iron and steel products such as pipes, wires, sheets and bars, encompassing all processes from smelting in blast furnaces to rolling mills and foundries. Includes companies that primarily mine iron ores.

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

Steel Industry trend

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

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

Steel Industry oscillator

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

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

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

Steel Industry returns

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

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

Steel industry

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

Steel industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Steel industry US.STEEL 498.72 1 1 3.08708 69.037 0.00625 0.03764 0.19663 0.56865

Steel industry News

Steel industry Analysis

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

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

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

Steel Momentum Industry description

The Iron & Steel subsector includes companies engaged in the manufacturing and stockholding of primary iron and steel products such as pipes, wires, sheets and bars, encompassing all processes from smelting in blast furnaces to rolling mills and foundries. Includes companies that primarily mine iron ores.

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

Steel Industry trend

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

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

Steel Industry oscillator

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

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

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

Steel Industry returns

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

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

Steel industry

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

Steel industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Steel industry US.STEEL 498.72 1 1 3.08708 69.037 0.00625 0.03764 0.19663 0.56865

Steel industry News

Steel industry Analysis

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

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

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

Steel Momentum Industry description

The Iron & Steel subsector includes companies engaged in the manufacturing and stockholding of primary iron and steel products such as pipes, wires, sheets and bars, encompassing all processes from smelting in blast furnaces to rolling mills and foundries. Includes companies that primarily mine iron ores.

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

Steel Industry trend

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

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

Steel Industry oscillator

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

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

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

Steel Industry returns

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

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