Switzerland ETF EWL

Switzerland ETF closed down by -0.22% to 49.39 on 23 January 2021 and +0.71% on a weekly basis. Switzerland ETF momentum was last calculated at +100.0/100 indicating positive momentum. Switzerland ETF trend is +100.0/100 indicating a positive trend. Switzerland ETF momentum exhaustion is 1.91653 indicating Switzerland ETF is oversold.Switzerland ETF RSI is 70.4172 .

Switzerland ETF EWL Chart

Switzerland ETF EWL

Switzerland ETF EWL Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the Switzerland ETF. Click here to explore the financial factors monitored and their current signals.

Click here to explore the methodology used for estimating the Switzerland ETF trading signals presented in the Switzerland ETF statistics table.

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Switzerland ETF EWL 49.39 1 1 1.91653 70.4172 -0.22 0.71 5.56 0.11301

Switzerland ETF closed at 49.39 on 23 January 2021. Switzerland ETF trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Switzerland ETF momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Switzerland ETF momentum exhaustion is 1.91653 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Switzerland ETF is oversold and a possible reversal is imminent. Switzerland ETF RSI was last calculated at 70.4172. Switzerland ETF moving averages were last recorded as follows: 1-month moving average: 44.057 in an uptrend , 1-quarter moving average: 42.6253 in an uptrend and 1-year moving average: 40.095 in an uptrend. Switzerland ETF annual return was last recorded at None%, daily return was last recorded at -0.22%, and weekly return was last recorded at 0.71%. Switzerland ETF histrorical 20-day volatility was last recorded at 11.3555%, Switzerland ETF alpha None, Switzerland ETF beta None and Switzerland ETF maximum drawdown was recorded at None%. MacroVar models monitor Switzerland ETF statistics based on historical data since 1970.

Switzerland ETF EWL News

Switzerland ETF Factors

Switzerland ETF

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Switzerland PMI vs ETF CH.FACT.ETFPMI 39.61 50.9259 -0.855844

Switzerland ETF related Indicators

Switzerland ETF

Security Type Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
SMI Stock Index SMI 12021.6 1 1 1.01835 65.2033 -0.18 1.03 7.7 0.00816
Switzerland PMI vs ETF ETF vs PMI Factor CH.FACT.ETFPMI 39.61

Switzerland Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
SMI SMI 12021.6 1 1 1.01835 65.2033 -0.18 1.03 7.7 0.00816
Switzerland ETF EWL 49.39 1 1 1.91653 70.4172 -0.22 0.71 5.56 0.11301
Swiss Franc US Dollar (CHF/USD) CHFUSD 0.92 -1 -1 -1.74206 40.048 0.6 0.2 1.17 -0.08205
Switzerland 10-Year Bond Yield CH.10Y -0.36 1 -1 -0.34171 36.7419 35.85 104.55 44.58 0.16949
Switzerland 5-Year Bond Yield CH.5Y -0.68 1 -1 -1.02 39.2749 11.66 34.92 21 0.12628
Switzerland 2-year bond yield CH.2Y -0.79 0 -0.75 -0.85558 45.3951 2.2 6.33 5.05 0.11806
Switzerland Yield Curve CH.YC 0.43 -1 -0.75 0.13374 40.5618 -15.35 -24.16 -14.51 -0.01556

Switzerland Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 3291 3873 -0.150271 -0.218896 1.0 -1.0 0.25 2021-04-30
banks balance sheet 2272590 2268380 0.00185595 0.0258518 1.0 1.0 0.5 2021-04-30
business confidence 133.4 143.7 -0.0716771 1.05547 1.0 1.0 0.966667 2021-06-30
capacity utilization 82.02 80.86 0.0143458 -0.0180773 1.0 -1.0 0.366667 2021-04-01
capital flows 8435.62 2593.24 2.25293 2.29208 -1.0 1.0 0.883333 2021-01-30
car registrations 25.85 19.85 0.302267 0.0607739 1.0 1.0 0.833333 2021-06-30
central bank balance sheet 1012150 1011150 0.000988973 0.101783 1.0 1.0 0.466667 2021-05-31
consumer confidence -7.1 -14.2 -0.5 0.314815 1.0 -1.0 0.75 2021-04-01
consumer price index cpi 101.11 101.03 0.000791844 0.00606965 1.0 1.0 0.666667 2021-06-30
core inflation rate 0.3 0.2 0.5 -1.6 1.0 1.0 0.35 2021-06-30
current account 15927.5 -2852.76 -6.58319 0.353919 1.0 1.0 0.783333 2021-03-31
current account to gdp 3.8 6.7 -0.432836 0.583333 -1.0 1.0 0 2020-01-31
deposit interest rate -0.4 -0.43 -0.0697674 0.025641 -1.0 -1.0 0.15 2021-01-31
exports 20043 10052 0.993932 0.213271 1.0 1.0 1 2021-04-30
external debt 2097470 2000980 0.0482214 0.146315 1.0 1.0 0.6 2021-01-01
fiscal expenditure 224309 221715 0.0116997 0.218521 1.0 1.0 0 2019-01-31
foreign direct investment 1369630 1358870 0.00791834 2.44416 1.0 1.0 0 2019-12-31
foreign exchange reserves 902466 914080 -0.0127057 0.105226 1.0 1.0 0.5 2021-05-31
gdp 703.082 705.141 -0.00291998 0.46502 1.0 1.0 0 2019-01-31
Real GDP 180629 180063 0.00314334 0.0413054 1.0 1.0 0.2 2020-10-01
gdp growth -0.5 0.1 -6 -1.45455 -1.0 -1.0 0.2 2021-01-01
gdp growth annual -1.6 -7.8 -0.794872 -2.14286 -1.0 -1.0 0.116667 2020-07-01
gold reserves 1040 1040 0 0.00000961548 1.0 1.0 0.933333 2019-06-01
government budget -2.6 1.4 -2.85714 -2.36842 -1.0 -1.0 0 2020-01-31
Government budget 8097 8577 -0.0559636 -0.106883 1.0 -1.0 0 2019-01-31
government debt 192446 197684 -0.0264968 -0.148522 -1.0 -1.0 0 2019-01-31
government debt to gdp 41 40.9 0.00244499 -0.0989011 -1.0 -1.0 0 2019-01-31
government revenues 227553 223705 0.0172012 0.179324 1.0 1.0 0 2019-01-31
housing index 179.668 176.754 0.0164862 0.0739784 1.0 1.0 0.483333 2021-01-01
imports 16752 16179 0.0354163 0.361221 1.0 1.0 0.983333 2021-04-30
industrial production 4.8 -1.9 -3.52632 -0.342466 1.0 -1.0 0.7 2021-01-01
inflation cpi 0.6 0.3 1 -1.46154 1.0 1.0 0.325 2021-05-31
inflation expectations 0.31 0.2 0.55 -0.581081 -1.0 -1.0 0 2020-11-01
interbank rate -0.74 -0.75 -0.0133333 -0.0133333 1.0 1.0 0.0666667 2021-06-02
interest rate -0.75 -0.75 0 0 -1.0 -1.0 0.508333 2020-02-12
loans to private sector 1595170 1598120 -0.00184592 0.0412405 1.0 1.0 0.783333 2021-04-30
long term unemployment rate 1.7 1.6 0.0625 0.0625 1.0 1.0 0 2020-10-01
manufacturing pmi 66.7 69.9 -0.0457797 0.591885 1.0 1.0 0.966667 2021-06-30
money supply m0 719539 722412 -0.00397696 0.0512829 -1.0 1.0 0.466667 2021-06-30
money supply m1 753156 748161 0.00667637 0.0655224 1.0 1.0 0.7 2021-05-31
money supply m2 1090810 1088290 0.00231556 0.044637 1.0 1.0 0.816667 2021-05-31
money supply m3 1153280 1151580 0.00147623 0.040641 1.0 1.0 0.766667 2021-05-31
Producer Price Index 102.72 102.4 0.003125 0.029568 1.0 1.0 0.916667 2021-06-30
PPI Index 2.9 3.2 -0.09375 -1.82857 1.0 1.0 0.166667 2021-06-30
retail sales MoM -1.8 -2.9 -0.37931 -1.05696 -1.0 -1.0 0.583333 2021-05-31
retail sales 2.8 37.7 -0.925729 -0.64557 -1.0 -1.0 0.55 2021-05-31
unemployment rate 2.8 3.1 -0.0967742 -0.125 -1.0 -1.0 0.233333 2021-06-30
zew economic sentiment index 51.3 72.2 -0.289474 0.0533881 1.0 1.0 0.666667 2021-06-30

Switzerland ETF Trading Signals


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

Switzerland ETF 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.

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

Switzerland ETF trend

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

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

Switzerland ETF oscillator

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

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

Switzerland ETF 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 Switzerland ETF is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Switzerland ETF 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.

Switzerland ETF returns

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

Switzerland ETF returns = (Switzerland ETF Closing Price – Switzerland ETF Previous Price)/(Switzerland ETF Previous Price)
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