Utilities industry

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

Utilities industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Utilities industry US.UTILITIES 320.93 1 0.5 0.46073 54.7758 -0.2 1.98 -1.33 -0.0679
Europe Utilities industry EU.UTILITIES 1217.71 1 1 1.87965 70.1135 -1.52 0.85 -1.21 0.15148
STOXX Asia/Pacific 600 Utilities APAC.UTILITIES 82.86 1 0.25 -0.57705 65.9504 -1.18 0.13 -0.55 -0.16841
Eastern Europe Utilities EEU.UTILITIES 86.47 1 0.75 1.30441 73.7085 -2.77 -8.01 -5.49 -0.03994
US Utilities Credit Spreads US.UTILITIES.CR 119.07 -1 -0.75 -1.0373 29.1012 -0.06 3.25 1.87 0.01036
Europe Utilities Credit Spreads EU.UTILITIES.CR 93.82 0 -0.75 -0.95343 36.9453 0.05 0.29 0.96 -0.0537

Utilities industry News

Utilities industry Analysis

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

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

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

Utilities industry Description

The Utilities industry includes the sectors of Electricity and Gas, Water & Multiutilities. The Electricity industry includes the sectors of Conventional Electricity and Alternative Electricity.
The subsector of Conventional Electricity includes companies generating and distributing electricity through the burning of fossil fuels such as coal, petroleum and natural gas, and through nuclear energy.
The subsector of Alternative Electricity includes companies generating and distributing electricity from a renewable source. Includes companies that produce solar, water, wind and geothermal electricity.
The Gas, Water & Multiutilities industry includes the sectors of Gas Distribution, Multiutilities and Water.
The subsector of Gas Distribution includes distributors of gas to end users. Excludes providers of natural gas as a commodity, which are classified under the Oil & Gas industry.
The subsector of Multiutilities includes companies with significant presence in more than one utility.
The subsector of Water industry includes companies providing water to end users, including water treatment plants.

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

Utilities industry trend

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

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

Utilities industry oscillator

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

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

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

Utilities industry returns

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

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

Utilities industry

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

Utilities industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Utilities industry US.UTILITIES 320.93 1 0.5 0.46073 54.7758 -0.2 1.98 -1.33 -0.0679
Europe Utilities industry EU.UTILITIES 1217.71 1 1 1.87965 70.1135 -1.52 0.85 -1.21 0.15148
STOXX Asia/Pacific 600 Utilities APAC.UTILITIES 82.86 1 0.25 -0.57705 65.9504 -1.18 0.13 -0.55 -0.16841
Eastern Europe Utilities EEU.UTILITIES 86.47 1 0.75 1.30441 73.7085 -2.77 -8.01 -5.49 -0.03994
US Utilities Credit Spreads US.UTILITIES.CR 119.07 -1 -0.75 -1.0373 29.1012 -0.06 3.25 1.87 0.01036
Europe Utilities Credit Spreads EU.UTILITIES.CR 93.82 0 -0.75 -0.95343 36.9453 0.05 0.29 0.96 -0.0537

Utilities industry News

Utilities industry Analysis

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

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

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

Utilities industry Description

The Utilities industry includes the sectors of Electricity and Gas, Water & Multiutilities. The Electricity industry includes the sectors of Conventional Electricity and Alternative Electricity.
The subsector of Conventional Electricity includes companies generating and distributing electricity through the burning of fossil fuels such as coal, petroleum and natural gas, and through nuclear energy.
The subsector of Alternative Electricity includes companies generating and distributing electricity from a renewable source. Includes companies that produce solar, water, wind and geothermal electricity.
The Gas, Water & Multiutilities industry includes the sectors of Gas Distribution, Multiutilities and Water.
The subsector of Gas Distribution includes distributors of gas to end users. Excludes providers of natural gas as a commodity, which are classified under the Oil & Gas industry.
The subsector of Multiutilities includes companies with significant presence in more than one utility.
The subsector of Water industry includes companies providing water to end users, including water treatment plants.

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

Utilities industry trend

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

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

Utilities industry oscillator

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

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

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

Utilities industry returns

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

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

Utilities industry

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

Utilities industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Utilities industry US.UTILITIES 320.93 1 0.5 0.46073 54.7758 -0.2 1.98 -1.33 -0.0679
Europe Utilities industry EU.UTILITIES 1217.71 1 1 1.87965 70.1135 -1.52 0.85 -1.21 0.15148
STOXX Asia/Pacific 600 Utilities APAC.UTILITIES 82.86 1 0.25 -0.57705 65.9504 -1.18 0.13 -0.55 -0.16841
Eastern Europe Utilities EEU.UTILITIES 86.47 1 0.75 1.30441 73.7085 -2.77 -8.01 -5.49 -0.03994
US Utilities Credit Spreads US.UTILITIES.CR 119.07 -1 -0.75 -1.0373 29.1012 -0.06 3.25 1.87 0.01036
Europe Utilities Credit Spreads EU.UTILITIES.CR 93.82 0 -0.75 -0.95343 36.9453 0.05 0.29 0.96 -0.0537

Utilities industry News

Utilities industry Analysis

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

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

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

Utilities industry Description

The Utilities industry includes the sectors of Electricity and Gas, Water & Multiutilities. The Electricity industry includes the sectors of Conventional Electricity and Alternative Electricity.
The subsector of Conventional Electricity includes companies generating and distributing electricity through the burning of fossil fuels such as coal, petroleum and natural gas, and through nuclear energy.
The subsector of Alternative Electricity includes companies generating and distributing electricity from a renewable source. Includes companies that produce solar, water, wind and geothermal electricity.
The Gas, Water & Multiutilities industry includes the sectors of Gas Distribution, Multiutilities and Water.
The subsector of Gas Distribution includes distributors of gas to end users. Excludes providers of natural gas as a commodity, which are classified under the Oil & Gas industry.
The subsector of Multiutilities includes companies with significant presence in more than one utility.
The subsector of Water industry includes companies providing water to end users, including water treatment plants.

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

Utilities industry trend

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

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

Utilities industry oscillator

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

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

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

Utilities industry returns

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

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

Utilities industry

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

Utilities industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Utilities industry US.UTILITIES 320.93 1 0.5 0.46073 54.7758 -0.2 1.98 -1.33 -0.0679
Europe Utilities industry EU.UTILITIES 1217.71 1 1 1.87965 70.1135 -1.52 0.85 -1.21 0.15148
STOXX Asia/Pacific 600 Utilities APAC.UTILITIES 82.86 1 0.25 -0.57705 65.9504 -1.18 0.13 -0.55 -0.16841
Eastern Europe Utilities EEU.UTILITIES 86.47 1 0.75 1.30441 73.7085 -2.77 -8.01 -5.49 -0.03994
US Utilities Credit Spreads US.UTILITIES.CR 119.07 -1 -0.75 -1.0373 29.1012 -0.06 3.25 1.87 0.01036
Europe Utilities Credit Spreads EU.UTILITIES.CR 93.82 0 -0.75 -0.95343 36.9453 0.05 0.29 0.96 -0.0537

Utilities industry News

Utilities industry Analysis

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

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

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

Utilities industry Description

The Utilities industry includes the sectors of Electricity and Gas, Water & Multiutilities. The Electricity industry includes the sectors of Conventional Electricity and Alternative Electricity.
The subsector of Conventional Electricity includes companies generating and distributing electricity through the burning of fossil fuels such as coal, petroleum and natural gas, and through nuclear energy.
The subsector of Alternative Electricity includes companies generating and distributing electricity from a renewable source. Includes companies that produce solar, water, wind and geothermal electricity.
The Gas, Water & Multiutilities industry includes the sectors of Gas Distribution, Multiutilities and Water.
The subsector of Gas Distribution includes distributors of gas to end users. Excludes providers of natural gas as a commodity, which are classified under the Oil & Gas industry.
The subsector of Multiutilities includes companies with significant presence in more than one utility.
The subsector of Water industry includes companies providing water to end users, including water treatment plants.

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

Utilities industry trend

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

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

Utilities industry oscillator

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

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

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

Utilities industry returns

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

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

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