Travel & Tourism industry

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

Travel & Tourism industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Travel & Tourism industry US.TRAVEL 808.64 1 1 2.0986 64.8768 0.69 -4.61 -14.94 0.14641

Travel & Tourism industry News

Travel & Tourism industry Analysis

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

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

MacroVar estimates the following signals:: Travel & Tourism momentum, Travel & Tourism trend, Travel & Tourism oscillator, Travel & Tourism RSI and Travel & Tourism returns.

Travel & Tourism industry Description

The subsector of travel & Tourism includes companies providing travel and tourism related services, including travel agents, online travel reservation services, automobile rental firms and companies that primarily provide passenger transportation, such as buses, taxis, passenger rail and ferry companies.

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

Travel & Tourism industry trend

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

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

Travel & Tourism industry oscillator

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

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

Travel & Tourism 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 Travel & Tourism is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringTravel & Tourism 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.

Travel & Tourism industry returns

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

Travel & Tourism returns = (Travel & Tourism Closing Price – Travel & Tourism Previous Price)/(Travel & Tourism Previous Price)

Travel & Tourism industry

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

Travel & Tourism industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Travel & Tourism industry US.TRAVEL 808.64 1 1 2.0986 64.8768 0.69 -4.61 -14.94 0.14641

Travel & Tourism industry News

Travel & Tourism industry Analysis

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

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

MacroVar estimates the following signals:: Travel & Tourism momentum, Travel & Tourism trend, Travel & Tourism oscillator, Travel & Tourism RSI and Travel & Tourism returns.

Travel & Tourism industry Description

The subsector of travel & Tourism includes companies providing travel and tourism related services, including travel agents, online travel reservation services, automobile rental firms and companies that primarily provide passenger transportation, such as buses, taxis, passenger rail and ferry companies.

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

Travel & Tourism industry trend

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

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

Travel & Tourism industry oscillator

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

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

Travel & Tourism 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 Travel & Tourism is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringTravel & Tourism 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.

Travel & Tourism industry returns

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

Travel & Tourism returns = (Travel & Tourism Closing Price – Travel & Tourism Previous Price)/(Travel & Tourism Previous Price)

Travel & Tourism industry

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

Travel & Tourism industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Travel & Tourism industry US.TRAVEL 808.64 1 1 2.0986 64.8768 0.69 -4.61 -14.94 0.14641

Travel & Tourism industry News

Travel & Tourism industry Analysis

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

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

MacroVar estimates the following signals:: Travel & Tourism momentum, Travel & Tourism trend, Travel & Tourism oscillator, Travel & Tourism RSI and Travel & Tourism returns.

Travel & Tourism industry Description

The subsector of travel & Tourism includes companies providing travel and tourism related services, including travel agents, online travel reservation services, automobile rental firms and companies that primarily provide passenger transportation, such as buses, taxis, passenger rail and ferry companies.

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

Travel & Tourism industry trend

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

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

Travel & Tourism industry oscillator

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

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

Travel & Tourism 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 Travel & Tourism is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringTravel & Tourism 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.

Travel & Tourism industry returns

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

Travel & Tourism returns = (Travel & Tourism Closing Price – Travel & Tourism Previous Price)/(Travel & Tourism Previous Price)

Travel & Tourism industry

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

Travel & Tourism industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Travel & Tourism industry US.TRAVEL 808.64 1 1 2.0986 64.8768 0.69 -4.61 -14.94 0.14641

Travel & Tourism industry News

Travel & Tourism industry Analysis

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

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

MacroVar estimates the following signals:: Travel & Tourism momentum, Travel & Tourism trend, Travel & Tourism oscillator, Travel & Tourism RSI and Travel & Tourism returns.

Travel & Tourism industry Description

The subsector of travel & Tourism includes companies providing travel and tourism related services, including travel agents, online travel reservation services, automobile rental firms and companies that primarily provide passenger transportation, such as buses, taxis, passenger rail and ferry companies.

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

Travel & Tourism industry trend

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

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

Travel & Tourism industry oscillator

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

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

Travel & Tourism 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 Travel & Tourism is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringTravel & Tourism 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.

Travel & Tourism industry returns

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

Travel & Tourism returns = (Travel & Tourism Closing Price – Travel & Tourism Previous Price)/(Travel & Tourism Previous Price)

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