Technology Hardware & Equipment industry

Monitor and predict the growth prospects and potential risks of the Technology Hardware & Equipment industry by examining the financial and macroeconomic factors affecting it and the latest Technology Hardware & Equipment news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Technology Hardware & Equipment updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Technology Hardware & Equipment industry trend, growth prospects and risks.

Technology Hardware & Equipment industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Technology Hardware & Equipment industry US.HARDWARE 3710.66 0 0.75 1.61731 53.1871 -1.29 5.05 6.8 0.4188
Europe Technology Hardware & Equipment industry EU.HARDWARE 1167.46 0.5 1 2.22223 69.8274 -1.86 4.06 6.66 0.46476
US Technology Hardware & Equipment Credit Spreads US.HARDWARE.CR 87.64 -0.5 -0.75 -1.04313 34.6155 3.5 7.32 3.8 -0.08171

Technology Hardware & Equipment industry News

Technology Hardware & Equipment industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Technology Hardware & Equipment sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Technology Hardware & Equipment industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Technology Hardware & Equipment momentum, Technology Hardware & Equipment trend, Technology Hardware & Equipment oscillator, Technology Hardware & Equipment RSI and Technology Hardware & Equipment returns.

Technology Hardware & Equipment industry Description

The sector of Technology Hardware & Equipment includes Computer Hardware, Electronic Office Equipment, Semiconductors and Telecommunications Equipment.
The subsector of Computer Hardware includes manufacturers and distributors of computers, servers, mainframes, workstations and other computer hardware and subsystems, such as mass-storage drives, mice, keyboards and printers.
The subsector of Electronic Office Equipment includes Manufacturers and distributors of electronic office equipment, including photocopiers and fax machines.
The subsector of Semiconductors includes producers and distributors of semiconductors and other integrated chips, including other products related to the semiconductor industry, such as semiconductor capital equipment and motherboards. Excludes makers of printed circuit boards, which are classified under Electrical Components & Equipment.
The subsector of Telecommunications Equipment includes Makers and distributors of high-technology communication products, including satellites, mobile telephones, fiber optics, switching devices, local and wide-area networks, teleconferencing equipment and connectivity devices for computers, including hubs and routers.

Technology Hardware & Equipment 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 Technology Hardware & Equipment momentum signal ranges from -100 to +100. The Technology Hardware & Equipment momentum signal is derived as the mean value from 4 calculations for the Technology Hardware & Equipment . The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Technology Hardware & Equipment return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Technology Hardware & Equipment momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Technology Hardware & Equipment momentum signal moves from positive to negative value or vice-versa.

Technology Hardware & Equipment industry trend

Technology Hardware & Equipment trend signal ranges from -100 to +100. Technology Hardware & Equipment trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Technology Hardware & Equipment Closing price vs Technology Hardware & Equipment moving average (MA) calculation: If Technology Hardware & Equipment is greater than Technology Hardware & Equipment MA value is +1, else -1, 2. Technology Hardware & Equipment Moving average slope calculation: if current Technology Hardware & Equipment moving average is higher than the previous MA, Technology Hardware & Equipment upward slope +1, else -1
Technology Hardware & Equipment trend model can be used as a trend strength indicator. Technology Hardware & Equipment trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Technology Hardware & Equipment trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Technology Hardware & Equipment 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Technology Hardware & Equipment is in an uptrend when Technology Hardware & Equipment price is higher than the 52-week moving average and the Technology Hardware & Equipment 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Technology Hardware & Equipment oscillator and Technology Hardware & Equipment RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Technology Hardware & Equipment industry oscillator

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

Technology Hardware & Equipment oversold conditions
Technology Hardware & Equipment is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Technology Hardware & Equipment is oversold it is often due for a rebound. Values of the Technology Hardware & Equipment oscillator lower than -2.5 signify oversold conditions. It must be noted that the Technology Hardware & Equipment oscillator must be analyzed ibn conjunction with the rest ofTechnology Hardware & Equipment quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Technology Hardware & Equipment RSI.
Technology Hardware & Equipment overbought conditions
Technology Hardware & Equipment is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Technology Hardware & Equipment is overbought it is often due for a correction. Values of the Technology Hardware & Equipment oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Technology Hardware & Equipment quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Technology Hardware & Equipment RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Technology Hardware & Equipment is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringTechnology Hardware & Equipment uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Technology Hardware & Equipment industry returns

MacroVar calculates Technology Hardware & Equipment returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Technology Hardware & Equipment returns = (Technology Hardware & Equipment Closing Price – Technology Hardware & Equipment Previous Price)/(Technology Hardware & Equipment Previous Price)

Technology Hardware & Equipment industry

Monitor and predict the growth prospects and potential risks of the Technology Hardware & Equipment industry by examining the financial and macroeconomic factors affecting it and the latest Technology Hardware & Equipment news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Technology Hardware & Equipment updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Technology Hardware & Equipment industry trend, growth prospects and risks.

Technology Hardware & Equipment industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Technology Hardware & Equipment industry US.HARDWARE 3710.66 0 0.75 1.61731 53.1871 -1.29 5.05 6.8 0.4188
Europe Technology Hardware & Equipment industry EU.HARDWARE 1167.46 0.5 1 2.22223 69.8274 -1.86 4.06 6.66 0.46476
US Technology Hardware & Equipment Credit Spreads US.HARDWARE.CR 87.64 -0.5 -0.75 -1.04313 34.6155 3.5 7.32 3.8 -0.08171

Technology Hardware & Equipment industry News

Technology Hardware & Equipment industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Technology Hardware & Equipment sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Technology Hardware & Equipment industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Technology Hardware & Equipment momentum, Technology Hardware & Equipment trend, Technology Hardware & Equipment oscillator, Technology Hardware & Equipment RSI and Technology Hardware & Equipment returns.

Technology Hardware & Equipment industry Description

The sector of Technology Hardware & Equipment includes Computer Hardware, Electronic Office Equipment, Semiconductors and Telecommunications Equipment.
The subsector of Computer Hardware includes manufacturers and distributors of computers, servers, mainframes, workstations and other computer hardware and subsystems, such as mass-storage drives, mice, keyboards and printers.
The subsector of Electronic Office Equipment includes Manufacturers and distributors of electronic office equipment, including photocopiers and fax machines.
The subsector of Semiconductors includes producers and distributors of semiconductors and other integrated chips, including other products related to the semiconductor industry, such as semiconductor capital equipment and motherboards. Excludes makers of printed circuit boards, which are classified under Electrical Components & Equipment.
The subsector of Telecommunications Equipment includes Makers and distributors of high-technology communication products, including satellites, mobile telephones, fiber optics, switching devices, local and wide-area networks, teleconferencing equipment and connectivity devices for computers, including hubs and routers.

Technology Hardware & Equipment 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 Technology Hardware & Equipment momentum signal ranges from -100 to +100. The Technology Hardware & Equipment momentum signal is derived as the mean value from 4 calculations for the Technology Hardware & Equipment . The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Technology Hardware & Equipment return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Technology Hardware & Equipment momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Technology Hardware & Equipment momentum signal moves from positive to negative value or vice-versa.

Technology Hardware & Equipment industry trend

Technology Hardware & Equipment trend signal ranges from -100 to +100. Technology Hardware & Equipment trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Technology Hardware & Equipment Closing price vs Technology Hardware & Equipment moving average (MA) calculation: If Technology Hardware & Equipment is greater than Technology Hardware & Equipment MA value is +1, else -1, 2. Technology Hardware & Equipment Moving average slope calculation: if current Technology Hardware & Equipment moving average is higher than the previous MA, Technology Hardware & Equipment upward slope +1, else -1
Technology Hardware & Equipment trend model can be used as a trend strength indicator. Technology Hardware & Equipment trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Technology Hardware & Equipment trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Technology Hardware & Equipment 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Technology Hardware & Equipment is in an uptrend when Technology Hardware & Equipment price is higher than the 52-week moving average and the Technology Hardware & Equipment 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Technology Hardware & Equipment oscillator and Technology Hardware & Equipment RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Technology Hardware & Equipment industry oscillator

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

Technology Hardware & Equipment oversold conditions
Technology Hardware & Equipment is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Technology Hardware & Equipment is oversold it is often due for a rebound. Values of the Technology Hardware & Equipment oscillator lower than -2.5 signify oversold conditions. It must be noted that the Technology Hardware & Equipment oscillator must be analyzed ibn conjunction with the rest ofTechnology Hardware & Equipment quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Technology Hardware & Equipment RSI.
Technology Hardware & Equipment overbought conditions
Technology Hardware & Equipment is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Technology Hardware & Equipment is overbought it is often due for a correction. Values of the Technology Hardware & Equipment oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Technology Hardware & Equipment quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Technology Hardware & Equipment RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Technology Hardware & Equipment is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringTechnology Hardware & Equipment uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Technology Hardware & Equipment industry returns

MacroVar calculates Technology Hardware & Equipment returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Technology Hardware & Equipment returns = (Technology Hardware & Equipment Closing Price – Technology Hardware & Equipment Previous Price)/(Technology Hardware & Equipment Previous Price)

Technology Hardware & Equipment industry

Monitor and predict the growth prospects and potential risks of the Technology Hardware & Equipment industry by examining the financial and macroeconomic factors affecting it and the latest Technology Hardware & Equipment news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Technology Hardware & Equipment updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Technology Hardware & Equipment industry trend, growth prospects and risks.

Technology Hardware & Equipment industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Technology Hardware & Equipment industry US.HARDWARE 3710.66 0 0.75 1.61731 53.1871 -1.29 5.05 6.8 0.4188
Europe Technology Hardware & Equipment industry EU.HARDWARE 1167.46 0.5 1 2.22223 69.8274 -1.86 4.06 6.66 0.46476
US Technology Hardware & Equipment Credit Spreads US.HARDWARE.CR 87.64 -0.5 -0.75 -1.04313 34.6155 3.5 7.32 3.8 -0.08171

Technology Hardware & Equipment industry News

Technology Hardware & Equipment industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Technology Hardware & Equipment sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Technology Hardware & Equipment industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Technology Hardware & Equipment momentum, Technology Hardware & Equipment trend, Technology Hardware & Equipment oscillator, Technology Hardware & Equipment RSI and Technology Hardware & Equipment returns.

Technology Hardware & Equipment industry Description

The sector of Technology Hardware & Equipment includes Computer Hardware, Electronic Office Equipment, Semiconductors and Telecommunications Equipment.
The subsector of Computer Hardware includes manufacturers and distributors of computers, servers, mainframes, workstations and other computer hardware and subsystems, such as mass-storage drives, mice, keyboards and printers.
The subsector of Electronic Office Equipment includes Manufacturers and distributors of electronic office equipment, including photocopiers and fax machines.
The subsector of Semiconductors includes producers and distributors of semiconductors and other integrated chips, including other products related to the semiconductor industry, such as semiconductor capital equipment and motherboards. Excludes makers of printed circuit boards, which are classified under Electrical Components & Equipment.
The subsector of Telecommunications Equipment includes Makers and distributors of high-technology communication products, including satellites, mobile telephones, fiber optics, switching devices, local and wide-area networks, teleconferencing equipment and connectivity devices for computers, including hubs and routers.

Technology Hardware & Equipment 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 Technology Hardware & Equipment momentum signal ranges from -100 to +100. The Technology Hardware & Equipment momentum signal is derived as the mean value from 4 calculations for the Technology Hardware & Equipment . The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Technology Hardware & Equipment return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Technology Hardware & Equipment momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Technology Hardware & Equipment momentum signal moves from positive to negative value or vice-versa.

Technology Hardware & Equipment industry trend

Technology Hardware & Equipment trend signal ranges from -100 to +100. Technology Hardware & Equipment trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Technology Hardware & Equipment Closing price vs Technology Hardware & Equipment moving average (MA) calculation: If Technology Hardware & Equipment is greater than Technology Hardware & Equipment MA value is +1, else -1, 2. Technology Hardware & Equipment Moving average slope calculation: if current Technology Hardware & Equipment moving average is higher than the previous MA, Technology Hardware & Equipment upward slope +1, else -1
Technology Hardware & Equipment trend model can be used as a trend strength indicator. Technology Hardware & Equipment trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Technology Hardware & Equipment trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Technology Hardware & Equipment 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Technology Hardware & Equipment is in an uptrend when Technology Hardware & Equipment price is higher than the 52-week moving average and the Technology Hardware & Equipment 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Technology Hardware & Equipment oscillator and Technology Hardware & Equipment RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Technology Hardware & Equipment industry oscillator

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

Technology Hardware & Equipment oversold conditions
Technology Hardware & Equipment is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Technology Hardware & Equipment is oversold it is often due for a rebound. Values of the Technology Hardware & Equipment oscillator lower than -2.5 signify oversold conditions. It must be noted that the Technology Hardware & Equipment oscillator must be analyzed ibn conjunction with the rest ofTechnology Hardware & Equipment quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Technology Hardware & Equipment RSI.
Technology Hardware & Equipment overbought conditions
Technology Hardware & Equipment is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Technology Hardware & Equipment is overbought it is often due for a correction. Values of the Technology Hardware & Equipment oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Technology Hardware & Equipment quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Technology Hardware & Equipment RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Technology Hardware & Equipment is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringTechnology Hardware & Equipment uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Technology Hardware & Equipment industry returns

MacroVar calculates Technology Hardware & Equipment returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Technology Hardware & Equipment returns = (Technology Hardware & Equipment Closing Price – Technology Hardware & Equipment Previous Price)/(Technology Hardware & Equipment Previous Price)

Technology Hardware & Equipment industry

Monitor and predict the growth prospects and potential risks of the Technology Hardware & Equipment industry by examining the financial and macroeconomic factors affecting it and the latest Technology Hardware & Equipment news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Technology Hardware & Equipment updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Technology Hardware & Equipment industry trend, growth prospects and risks.

Technology Hardware & Equipment industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Technology Hardware & Equipment industry US.HARDWARE 3710.66 0 0.75 1.61731 53.1871 -1.29 5.05 6.8 0.4188
Europe Technology Hardware & Equipment industry EU.HARDWARE 1167.46 0.5 1 2.22223 69.8274 -1.86 4.06 6.66 0.46476
US Technology Hardware & Equipment Credit Spreads US.HARDWARE.CR 87.64 -0.5 -0.75 -1.04313 34.6155 3.5 7.32 3.8 -0.08171

Technology Hardware & Equipment industry News

Technology Hardware & Equipment industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Technology Hardware & Equipment sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Technology Hardware & Equipment industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Technology Hardware & Equipment momentum, Technology Hardware & Equipment trend, Technology Hardware & Equipment oscillator, Technology Hardware & Equipment RSI and Technology Hardware & Equipment returns.

Technology Hardware & Equipment industry Description

The sector of Technology Hardware & Equipment includes Computer Hardware, Electronic Office Equipment, Semiconductors and Telecommunications Equipment.
The subsector of Computer Hardware includes manufacturers and distributors of computers, servers, mainframes, workstations and other computer hardware and subsystems, such as mass-storage drives, mice, keyboards and printers.
The subsector of Electronic Office Equipment includes Manufacturers and distributors of electronic office equipment, including photocopiers and fax machines.
The subsector of Semiconductors includes producers and distributors of semiconductors and other integrated chips, including other products related to the semiconductor industry, such as semiconductor capital equipment and motherboards. Excludes makers of printed circuit boards, which are classified under Electrical Components & Equipment.
The subsector of Telecommunications Equipment includes Makers and distributors of high-technology communication products, including satellites, mobile telephones, fiber optics, switching devices, local and wide-area networks, teleconferencing equipment and connectivity devices for computers, including hubs and routers.

Technology Hardware & Equipment 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 Technology Hardware & Equipment momentum signal ranges from -100 to +100. The Technology Hardware & Equipment momentum signal is derived as the mean value from 4 calculations for the Technology Hardware & Equipment . The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Technology Hardware & Equipment return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Technology Hardware & Equipment momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Technology Hardware & Equipment momentum signal moves from positive to negative value or vice-versa.

Technology Hardware & Equipment industry trend

Technology Hardware & Equipment trend signal ranges from -100 to +100. Technology Hardware & Equipment trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Technology Hardware & Equipment Closing price vs Technology Hardware & Equipment moving average (MA) calculation: If Technology Hardware & Equipment is greater than Technology Hardware & Equipment MA value is +1, else -1, 2. Technology Hardware & Equipment Moving average slope calculation: if current Technology Hardware & Equipment moving average is higher than the previous MA, Technology Hardware & Equipment upward slope +1, else -1
Technology Hardware & Equipment trend model can be used as a trend strength indicator. Technology Hardware & Equipment trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Technology Hardware & Equipment trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Technology Hardware & Equipment 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Technology Hardware & Equipment is in an uptrend when Technology Hardware & Equipment price is higher than the 52-week moving average and the Technology Hardware & Equipment 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Technology Hardware & Equipment oscillator and Technology Hardware & Equipment RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Technology Hardware & Equipment industry oscillator

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

Technology Hardware & Equipment oversold conditions
Technology Hardware & Equipment is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Technology Hardware & Equipment is oversold it is often due for a rebound. Values of the Technology Hardware & Equipment oscillator lower than -2.5 signify oversold conditions. It must be noted that the Technology Hardware & Equipment oscillator must be analyzed ibn conjunction with the rest ofTechnology Hardware & Equipment quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Technology Hardware & Equipment RSI.
Technology Hardware & Equipment overbought conditions
Technology Hardware & Equipment is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Technology Hardware & Equipment is overbought it is often due for a correction. Values of the Technology Hardware & Equipment oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Technology Hardware & Equipment quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Technology Hardware & Equipment RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Technology Hardware & Equipment is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringTechnology Hardware & Equipment uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Technology Hardware & Equipment industry returns

MacroVar calculates Technology Hardware & Equipment returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Technology Hardware & Equipment returns = (Technology Hardware & Equipment Closing Price – Technology Hardware & Equipment Previous Price)/(Technology Hardware & Equipment Previous Price)

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