US Food & Drug Retailers industry

US Food & Drug Retailers industry closed up by 1.44% to 887.42 on 23 January 2021 and +1.76% on a weekly basis. US Food & Drug Retailers industry momentum was last calculated at +100.0/100 indicating positive momentum. US Food & Drug Retailers industry trend is +100.0/100 indicating a positive trend. US Food & Drug Retailers industry momentum exhaustion is 1.75747 indicating US Food & Drug Retailers industry is oversold.US Food & Drug Retailers industry RSI is 60.6199 .

US Food & Drug Retailers industry Chart

US Food & Drug Retailers industry

US Food & Drug Retailers industry Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the US Food & Drug Retailers industry. Click here to explore the financial factors monitored and their current signals.

Click here to explore the methodology used for estimating the US Food & Drug Retailers industry trading signals presented in the US Food & Drug Retailers industry statistics table.

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
US Food & Drug Retailers industry US.FOODDRUGRETAILERS 1119.49 1 1 2.04379 69.1373 0.01127 0.05044 0.08199 0.34546

US Food & Drug Retailers industry closed at 887.42 on 23 January 2021. US Food & Drug Retailers industry trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. US Food & Drug Retailers industry momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. US Food & Drug Retailers industry momentum exhaustion is 1.75747 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating US Food & Drug Retailers industry is oversold and a possible reversal is imminent. US Food & Drug Retailers industry RSI was last calculated at 60.6199. US Food & Drug Retailers industry moving averages were last recorded as follows: 1-month moving average: 790.21 in an uptrend , 1-quarter moving average: 782.948 in an uptrend and 1-year moving average: 719.263 in an uptrend. US Food & Drug Retailers industry annual return was last recorded at None%, daily return was last recorded at 1.44%, and weekly return was last recorded at 1.76%. US Food & Drug Retailers industry histrorical 20-day volatility was last recorded at 9.83173%, US Food & Drug Retailers industry alpha None, US Food & Drug Retailers industry beta None and US Food & Drug Retailers industry maximum drawdown was recorded at None%. MacroVar models monitor US Food & Drug Retailers industry statistics based on historical data since 1970.

US Food & Drug Retailers industry News

US Food & Drug Retailers industry Factors

US Food & Drug Retailers industry

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
US Food & Drug Retailers Stocks vs Credit US.STCR.FOODRETAILERS 797.25 -13.673 0.286

United States Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
S&P 500 SPX 4631.6 0.5 0.75 1.15518 65.2704 0.01226 0.0266 0.07555 0.17002
S&P 500 ETF SPY 461.55 0.5 0.75 1.13178 64.9928 0.01237 0.0266 0.07342 0.16928
US Dollar Index (DXY) DXY 98.4 0 0.75 1.83163 53.8105 -0.00696 -0.00091 0.01016 0.06771
United States 10-Year Bond Yield US.10Y 2.401 0.5 1 3.29617 65.7225 -0.02596 0.00671 0.39188 0.43437
US 5-year bond yield US.5Y 2.5 0.5 1 3.14743 70.948 -0.02534 0.04123 0.57035 1.8772
US 30-year bond yield US.30Y 2.505 0 1 2.2036 57.5522 -0.01803 -0.03765 0.19002 0.0609
iShares 20+ Year Treasury Bond ETF TLT 130.74 0 -1 -2.32803 42.1677 0.00755 0.01601 -0.07473 -0.04016
iShares iBoxx $ Investment Grade Corporate Bond LQD 120.94 0 -0.75 -2.4614 46.1304 0.00842 0.00926 -0.03225 -0.06761
iShares iBoxx $ High Yield Corporate Bond HYG 82.84 0 -0.75 -1.97536 54.1115 0.01234 0.01024 -0.00349 -0.04518
iShares 7-10 Year Treasury Bond ETF IEF 106.85 -0.5 -1 -3.27991 34.5464 0.00498 -0.00196 -0.05534 -0.05518
SPDR Barclays High Yield Bond JNK 103.11 0 -0.75 -2.03596 53.8091 0.01217 0.0093 -0.00358 -0.04863
iShares TIPS Bond (TIP) TIP 126.72 -0.5 0 -0.60482 51.2291 -0.00307 -0.01385 0.02417 0.01457
US 2-year bond yield US.2Y 2.375 1 1 3.35389 81.2651 0.01496 0.09195 0.76056 14.5534
US Yield Curve US.YC 1.08 0 1 1.74858 55.6394 -3.57 -11.55 -25.28 1.91241
US Yield Curve 2s5s US.YC25 0.53 0 0.5 1.38639 50.8504 -7.67 -13.96 -22.82 3.08475
US Yield Curve 5s10s US.YC510 0.55 0 1 1.84348 58.6679 -0.18 -9.69 -27.56 1.73529
US Yield Curve 5s30s US.YC530 1.2 0 0.75 1.21768 52.8329 2.13 -2.28 -16.56 0.9709
US Yield Curve 10s30s US.YC1030 0.65 -1 -0.5 0.52721 45.0387 4.17 5.01 -4.26 0.5283
US Yield Curve 2s30s US.YC0230 1.73 0 0.75 1.31448 52.3027 -1.09 -6.18 -18.58 1.14607

United States Economic Indicators

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade us.balanceoftrade -79614 -84906 -6.23 10.23 UP Down 13.33 2022-08-06
bank lending rate us.banks.lendingrate 3.25 3.81 -0.146982 -0.409091 -1.0 -1.0 0.0166667 2020-04-30
building permits us.buildingpermits 1674 1696 -1.3 1.15 Down UP 71.67 2022-08-17
business confidence (ISM) us.bizconfidence 55.4 57.1 -2.98 -8.73 Down Down 33.33 2022-05-04
capacity utilization us.caputilization 80 80.3 -0.37 5.68 UP UP 96.67 2022-07-16
capital flows us.capitalflows 22100 194500 -88.64 58.94 Down UP 43.33 2022-08-17
car registrations us.carregistrations 260.47 266.28 -2.18 -35.71 Down Down 15 2022-07-31
case shiller home price index us.caseshiller 317.3 312.55 1.52 20.51 UP UP 100 2022-07-31
composite pmi us.comppmi 47.5 52.3 -9.18 -20.7 Down Down 6.67 2022-07-31
consumer confidence us.us.consconfidence 55.1 51.5 6.99 -21.62 Down Down 5 2022-08-11
consumer price index cpi us.cpi 296.31 292.3 1.37 9.35 UP UP 100 2022-07-16
continuing jobless claims us.contjoblessclaims 1437 1430 0.49 7 UP UP 30 2022-08-17
core inflation rate us.coreinflationrate 4.5 3.8 0.184211 2.75 1.0 1.0 1 2021-06-30
core pce price index us.corepce 122.95 122.22 0.6 5.3 UP UP 100 2022-07-31
core Producer Price Index us.coreproducerprices 135.8 135.3 0.37 7.61 UP UP 100 2022-08-11
current account us.currentaccount -291418 -224837 29.61 130.16 Down Down 1.67 2022-06-24
current account to gdp us.currentaccountgdp -3.6 -2.9 24.14 33.33 Down Down 0 2022-06-24
durable goods orders us.durablegoods 1.9 0.8 137.5 137.5 UP UP 73.33 2022-07-27
durable goods orders ex defense us.durablegoodsexdef 0.4 0.7 -42.86 -60 Down Down 40 2022-07-27
durable goods orders ex transportation us.durablegoodsextransp 0.3 0.5 -40 -0 Down Down 40 2022-07-27
exports us.exports 260799 256523 1.67 23.64 UP UP 100 2022-08-06
external debt us.externaldebt 23930400 23370700 2.4 19.62 UP UP 100 2022-07-02
fiscal expenditure us.fiscalexp 480387 549603 -12.59 -14.83 Down Down 66.67 2022-08-11
foreign direct investment us.fdi 70681 74700 -5.38 50.27 UP UP 96.67 2022-06-24
foreign exchange reserves us.fxreserves 36273 37610 -3.55 -14.42 Down Down 1.67 2022-07-31
gdp us.gdp 20936.6 21433.2 -0.0231697 0.423019 1.0 1.0 0 2020-01-31
Real GDP us.realgdp 19681.7 19727.9 -0.23 3.48 UP UP 96.67 2022-07-31
gdp growth us.gdpgrowth -0.9 -1.6 -43.75 -160 Down Down 16.67 2022-07-31
gdp growth annual us.gdpgrowthan 1.6 3.5 -54.29 -20 UP Down 32.5 2022-07-31
gold reserves us.goldres 8133.46 8133.5 -0.00000491793 0 -1.0 -1.0 0.55 2020-07-01
government budget us.govbudget -14.9 -4.6 2.23913 3.80645 -1.0 -1.0 0.916667 2020-01-31
Government budget us.govbudgetvalue -211052 -88842 137.56 -30.13 Down UP 23.33 2022-08-11
government debt us.govdebt 30595100 30568600 0.09 7.62 UP UP 100 2022-08-06
government debt to gdp us.govdebtgdp 107.6 106.9 0.00654818 0.589365 1.0 1.0 0.75 2019-02-28
government revenues us.govrev 269335 460761 -41.55 2.8 Down UP 50 2022-08-11
housing starts us.housingstarts 1446 1599 -9.57 -7.43 Down Down 56.67 2022-08-17
imports us.imports 340413 341429 -0.3 20.22 UP UP 96.67 2022-08-06
industrial production us.indproduction 4.2 4.8 -12.5 -74.39 Down Down 78.33 2022-07-16
industrial production mom us.indproductionmm 0.6 0 0 20 UP UP 61.67 2022-08-17
inflation cpi us.inflationcpi 8.5 9.1 -6.59 57.41 UP UP 97.5 2022-08-11
inflation expectations us.inflationexp 6.2 6.8 -8.82 29.17 UP UP 95 2022-08-11
interbank rate us.interbankrate 0.13 0.14 -0.0714286 -0.35 -1.0 -1.0 0.0166667 2021-06-02
interest rate us.interestrate 0.25 1.25 -0.8 -0.9 -1.0 -1.0 0.0166667 2020-03-15
job offers us.joboffers 10698 11303 -5.35 5.04 Down UP 85 2022-08-02
jobless claims us.joblessclaims 203 202 0.5 -2.87 UP Down 21.67 2022-05-04
loans to private sector us.loanprivate 2661.89 2599.42 2.4 6.99 UP UP 88.33 2022-07-22
long term unemployment rate us.ltunemploymentrate 2.47 2.33 0.0600858 1.83908 1.0 1.0 0.866667 2021-06-30
United States us.manpmi 52.3 52.7 -0.76 -17.51 Down Down 23.33 2022-07-31
money supply m0 us.msm0 5506500 5591600 -1.52 -8.64 Down Down 75 2022-07-31
money supply m1 us.msm1 20545.4 20632.9 -0.42 6.79 UP UP 90 2022-07-31
money supply m2 us.msm2 21667.5 21754.2 -0.4 6.28 UP UP 91.67 2022-07-31
mortgage rate us.mortgrate 5.43 5.74 -5.4 32.76 UP UP 96.67 2022-08-03
nahb housing market index us.nahb 49 55 -10.91 -34.67 Down Down 5 2022-08-17
new home sales us.newhomesales 590 642 -8.1 -13.62 Down Down 10 2022-07-31
non manufacturing pmi us.nonmanpmi 56.7 55.3 2.53 -11.54 Down Down 38.33 2022-08-03
Producer Price Index us.producerprices 140.43 138.89 1.11 11.1 UP UP 100 2022-07-16
PPI Index us.producerpricesch 9.8 11.3 -13.27 50.77 UP UP 91.67 2022-08-11
retail sales MoM us.retailsales 0 0.8 -100 -100 Down UP 30 2022-08-17
retail sales us.retailsalesan 10.3 8.5 21.18 -63.21 Down Down 80 2022-08-17
retail sales ex autos us.retailsalesexauto 0.4 0.9 -55.56 -144.44 Down UP 44.17 2022-08-17
services pmi us.servpmi 47 52.7 -10.82 -21.54 Down Down 6.67 2022-07-31
total vehicle sales us.vehiclesales 12.7 14.3 -11.19 -25.25 Down Down 10 2022-05-26
unemployment rate us.unemploymentrate 6.1 6 0.0166667 -0.585034 -1.0 -1.0 0.0166667 2021-04-30
youth unemployment rate us.ytunemploymentrate 11 11.1 -0.00900901 -0.59854 -1.0 -1.0 0.0166667 2021-04-30
Effective Federal Funds Rate us.fedfunds.eff 0.06 0.07 -0.142857 0.2 -1.0 1.0 0.35 2021-05-01
BofA Merrill Lynch US High Yield Option-Adjusted Spread us.baml.hy 3.21 3.23 -0.00619195 -0.041791 -1.0 -1.0 0.25 2021-06-11
BofA Merrill Lynch US Corporate BBB Option-Adjusted Spread us.baml.bbb 1.11 1.12 -0.00892857 -0.0176991 -1.0 -1.0 0.433333 2021-06-11
University of Michigan Consumer Sentiment us.uomconf 88.3 84.9 0.0400471 0.229805 1.0 1.0 1 2021-04-01
5-Year Breakeven Inflation Rate us.5y5y 2.65 2.53 0.0474308 2.44156 1.0 1.0 0.983333 2021-05-01
BofA Merrill Lynch US Corporate Master Option-Adjusted Spread us.baml.master 0.9 0.91 -0.010989 0 -1.0 -1.0 0.791667 2021-06-11
BofA Merrill Lynch US High Yield BB Option-Adjusted Spread us.baml.bbb 2.32 2.34 -0.00854701 -0.0491803 -1.0 -1.0 0.25 2021-06-11
Federal Funds Target Range - Lower Limit us.fedfunds.lower 1 1 0 -0.333333 -1.0 -1.0 0.108333 2020-03-14
Cass Freight Index Shipments us.cassfreight 1.269 1.178 0.0772496 0.352878 1.0 1.0 1 2021-05-01
ism manufacturing Employment index us.ism.man.emp 50.9 55.1 -0.076225 0.58567 1.0 1.0 0.983333 2021-05-31
ism manufacturing index us.ism.man 61.2 60.7 0.00823723 0.419954 1.0 1.0 0.983333 2021-05-31
ism non manufacturing employment us.ism.serv.emp 55.3 58.8 -0.0595238 0.738994 1.0 1.0 0.983333 2021-05-31
ism non manufacturing index us.ism.serv 72.4 62.7 0.154705 0.594714 1.0 1.0 1 2021-05-31
ism non manufacturing new orders index us.ism.serv.neword 63.9 63.2 0.0110759 0.52506 1.0 1.0 0.983333 2021-05-31
ism non manufacturing prices index us.ism.serv.prices 80.6 76.8 0.0494792 0.44964 1.0 1.0 0.983333 2021-05-31
ism manufacturing New Orders Index us.ism.man.neworders 67 64.3 0.0419907 1.10692 1.0 1.0 0.983333 2021-05-31
ism non manufacturing business Activity us.ism.serv.biz 66.2 62.7 0.0558214 0.614634 1.0 1.0 0.983333 2021-05-31
ism manufacturing Production Index us.ism.man.prod 58.5 62.5 -0.064 0.762048 -1.0 1.0 0.983333 2021-05-31
ism manufacturing Supplier Deliveries Index us.ims.man.supdel 78.8 75 0.0506667 0.158824 1.0 1.0 0.8 2021-05-31
ism manufacturing Inventories Index us.ism.man.inv 50.8 46.5 0.0924731 0.00793651 1.0 1.0 0.466667 2021-05-31
ism manufacturing Customers inventories Index us.ism.man.cust 28 28.4 -0.0140845 -0.393939 -1.0 -1.0 0.0333333 2021-05-31
ism manufacturing Prices Index us.ism.man.prices 88 89.6 -0.0178571 1.15686 1.0 1.0 0.966667 2021-05-31
ism manufacturing Backlog of Orders Index us.ism.man.backlog 70.6 68.2 0.0351906 0.848168 1.0 1.0 1 2021-05-31
ism manufacturing Exports Index us.ism.man.exp 55.4 54.9 0.00910747 0.402532 1.0 1.0 0.983333 2021-05-31
ism non manufacturing Inventories Index us.ism.serv.inv 51.5 49.1 0.0488798 0.0729167 -1.0 1.0 0.883333 2021-05-31
ism non manufacturing supplier deliveries Index us.ism.serv.supdel 70.4 66.1 0.0650529 0.0507463 1.0 1.0 0.633333 2021-05-31
ism non manufacturing order backlog Index us.ism.serv.ordersback 61.1 55.7 0.0969479 0.31681 1.0 1.0 1 2021-05-31
ism non manufacturing New Export Orders us.ism.serv.newexp 60 58.6 0.0238908 0.445783 1.0 1.0 0.983333 2021-05-31
ism non manufacturing Inventory Sentiment Index us.ism.serv.invsent 40.5 46.8 -0.134615 -0.264973 -1.0 -1.0 0.0166667 2021-05-31
US Consumer Confidence Index us.consconfidence 117.2 117.5 -0.00255319 0.364377 1.0 1.0 0.983333 2021-05-31
Leading Economic Indicator Conference Board index us.lei 113.3 111.5 0.0161435 0.169247 1.0 1.0 1 2021-04-30
Coincident Economic Indicator (CEI) - Conference Board us.cei 104.1 103.8 0.00289017 0.119355 1.0 1.0 1 2021-04-30
Lagging Economic Indicator (Lagging) - Conference Board us.lagging 104.7 102.8 0.0184825 -0.0935065 -1.0 -1.0 0.0166667 2021-04-30
US Citigroup Economic Surprise Index us.cesi 13 4 2.25 -0.835443 -1.0 -1.0 0.316667 2021-06-04
Build Permits United States us.us.buildingpermits 1760 1755 0.002849 0.608775 1.0 1.0 1 2021-04-01
ECRI US Weekly Leading Index us.ecri.leading 159.5 159.1 0.00251414 0.0562914 1.0 1.0 0.716667 2021-05-21
ECRI US Coincident Index us.ecri.coincident 195.5 194.5 0.00514139 0.194988 1.0 1.0 1 2021-04-01
ECRI US Lagging Index us.ecri.lagging 213.8 212.8 0.00469925 -0.0631025 1.0 -1.0 0.0833333 2021-04-01
University of Michigan Consumer Sentiment Expected Index us.uomconfexp 82.7 79.7 0.0376412 0.179743 1.0 1.0 1 2021-04-30
University of Michigan Consumer Sentiment Current Index us.uomconfcur 97.2 93 0.0451613 0.30821 1.0 1.0 1 2021-04-30
ICE BofAML US High Yield Master II us.baml.ushi 3.28 3.28 0 -0.0352941 -1.0 -1.0 0.233333 2021-06-04
BofAML US High Yield CCC or Below Option-Adjusted Spread us.baml.ccc 6.31 6.32 -0.00158228 -0.0322086 -1.0 -1.0 0.15 2021-06-04
Federal Funds Rate us.fedfunds 0.09 0.09 0 0 UP Down 60 2021-01-12
S&P/Case-Shiller 10-City Composite Home Price Index us.10city.caseshiller 248.14 244.258 1.59 7.54 UP UP 100 2021-01-13
S&P/Case-Shiller 20-City Composite Home Price Index us.20city.caseshiller 235.46 231.715 1.61 7.93 UP UP 100 2021-01-13
S&P/Case-Shiller 20-City Home Price Sales Pair Counts us.20city.caseshiller 180935 194048 -6.76 17.31 UP UP 91.67 2021-01-13
ism manufacturing sector - apparel ism.breadth.apparel 13 5 1.6 3.33333 1.0 1.0 0.983333 2021-05-03
ism manufacturing sector - Computer & Electronic Products ism.breadth.confuter 6 11 -0.454545 -1.6 -1.0 1.0 0.191667 2021-06-01
ism service sector - accomodation nmi.breadth.accomodation 13 17 -0.235294 -2.44444 1.0 1.0 0.0833333 2021-06-03
NY Empire state Manufacturing us.ny.empire.state.manufacturing 52.1 56.3 -0.0746004 0.0831601 1.0 1.0 0.416667 2020-11-30
United States Dallas Fed Services Index us.dalls.fed.services 52.1 56.3 -0.0746004 0.0831601 1.0 1.0 0.416667 2020-11-30
U.S. Chicago Purchasing Managers Index us.chicago.pmi 52.1 56.3 -0.0746004 0.0831601 1.0 1.0 0.416667 2020-11-30
US Richmond Fed Manufacturing us.richmond.fed.manufacturing 52.1 56.3 -0.0746004 0.0831601 1.0 1.0 0.416667 2020-11-30
US Kansas Fed Manufacturing us.kansas.fed.manufacturing 52.1 56.3 -0.0746004 0.0831601 1.0 1.0 0.416667 2020-11-30
US Dallas Fed Manufacturing us.dalls.fed.manufacturing 52.1 56.3 -0.0746004 0.0831601 1.0 1.0 0.416667 2020-11-30
US Philadelphia Fed Manufacturing us.philadelphia.fed.manufacturing -12.3 -3.3 272.73 -156.16 Down Down 6.67 2022-07-21
Import Dry Bulk Freight Index(CDFI) CDFI 1676.29 1671.71 0.00273971 0.0780763 1.0 1.0 1 2021-08-06
Coastal Bulk (Coal) Freight Index (Daily Index) CBCF 1042.99 1034.34 0.00836282 0.0671503 1.0 1.0 0.716667 2021-08-06
Coastal Bulk Freight Index CBF-IDX-SSE CBFI 1239.03 1229.26 0.00794787 -0.141964 1.0 -1.0 0.666667 2021-08-06
Shanghai Containerized Freight Index SCF SCFI 4225.86 4196.24 0.0070587 0.263964 1.0 1.0 1 2021-08-06
Containerized Freight Index CCF CCFI 3006.82 2930.03 0.0262079 0.408762 1.0 1.0 1 2021-08-06

US Food & Drug Retailers industry Trading Signals


MacroVar estimates the following signals: US Food & Drug Retailers industry momentum, US Food & Drug Retailers industry trend, US Food & Drug Retailers industry oscillator, US Food & Drug Retailers industry RSI and US Food & Drug Retailers industry returns.

US Food & Drug Retailers industry Momentum

Momentum trading 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.

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

US Food & Drug Retailers industry trend

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

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

US Food & Drug Retailers industry oscillator

The US Food & Drug Retailers industry oscillator estimated by MacroVar is the z-score of the current US Food & Drug Retailers industry price versus US Food & Drug Retailers industry 1-year simple moving average price. The formula for the US Food & Drug Retailers industry oscillator is:
US Food & Drug Retailers industry oscillator = (Current Price – 250 trading days US Food & Drug Retailers industry simple moving average price) / (250 days US Food & Drug Retailers industry price standard deviation)

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

US Food & Drug Retailers industry 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 US Food & Drug Retailers industry is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During US Food & Drug Retailers industry 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.

US Food & Drug Retailers industry returns

MacroVar calculates US Food & Drug Retailers industry returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

US Food & Drug Retailers industry returns = (US Food & Drug Retailers industry Closing Price – US Food & Drug Retailers industry Previous Price)/(US Food & Drug Retailers industry Previous Price)