Transportation Services industry

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

Transportation Services industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Transportation Services industry US.TRANSERVICES 375.21 0 0 0.22767 55.5648 0.04158 0.17418 -0.03911 0.25581

Transportation Services industry News

Transportation Services industry Analysis

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

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

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

Transportation Services industry description

The Transportation Services subsector includes companies providing services to the Industrial Transportation sector, including companies that manage airports, train depots, roads, bridges, tunnels, ports, and providers of logistic services to shippers of goods. Includes companies that provide aircraft and vehicle maintenance services.

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

Transportation Services industry trend

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

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

Transportation Services industry oscillator

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

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

Transportation Services 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 Transportation Services is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringTransportation Services 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.

Transportation Services industry returns

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

Transportation Services returns = (Transportation Services Closing Price – Transportation Services Previous Price)/(Transportation Services Previous Price)

Transportation Services industry

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

Transportation Services industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Transportation Services industry US.TRANSERVICES 375.21 0 0 0.22767 55.5648 0.04158 0.17418 -0.03911 0.25581

Transportation Services industry News

Transportation Services industry Analysis

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

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

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

Transportation Services industry description

The Transportation Services subsector includes companies providing services to the Industrial Transportation sector, including companies that manage airports, train depots, roads, bridges, tunnels, ports, and providers of logistic services to shippers of goods. Includes companies that provide aircraft and vehicle maintenance services.

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

Transportation Services industry trend

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

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

Transportation Services industry oscillator

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

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

Transportation Services 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 Transportation Services is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringTransportation Services 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.

Transportation Services industry returns

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

Transportation Services returns = (Transportation Services Closing Price – Transportation Services Previous Price)/(Transportation Services Previous Price)

Transportation Services industry

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

Transportation Services industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Transportation Services industry US.TRANSERVICES 375.21 0 0 0.22767 55.5648 0.04158 0.17418 -0.03911 0.25581

Transportation Services industry News

Transportation Services industry Analysis

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

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

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

Transportation Services industry description

The Transportation Services subsector includes companies providing services to the Industrial Transportation sector, including companies that manage airports, train depots, roads, bridges, tunnels, ports, and providers of logistic services to shippers of goods. Includes companies that provide aircraft and vehicle maintenance services.

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

Transportation Services industry trend

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

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

Transportation Services industry oscillator

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

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

Transportation Services 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 Transportation Services is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringTransportation Services 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.

Transportation Services industry returns

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

Transportation Services returns = (Transportation Services Closing Price – Transportation Services Previous Price)/(Transportation Services Previous Price)

Transportation Services industry

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

Transportation Services industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Transportation Services industry US.TRANSERVICES 375.21 0 0 0.22767 55.5648 0.04158 0.17418 -0.03911 0.25581

Transportation Services industry News

Transportation Services industry Analysis

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

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

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

Transportation Services industry description

The Transportation Services subsector includes companies providing services to the Industrial Transportation sector, including companies that manage airports, train depots, roads, bridges, tunnels, ports, and providers of logistic services to shippers of goods. Includes companies that provide aircraft and vehicle maintenance services.

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

Transportation Services industry trend

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

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

Transportation Services industry oscillator

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

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

Transportation Services 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 Transportation Services is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringTransportation Services 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.

Transportation Services industry returns

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

Transportation Services returns = (Transportation Services Closing Price – Transportation Services Previous Price)/(Transportation Services Previous Price)