Taiwan Weighted Index

Taiwan Weighted Index closed down by -2.17% to 17458.8 on 23 January 2021 and +0.7% on a weekly basis. Taiwan Weighted Index momentum was last calculated at +100.0/100 indicating positive momentum. Taiwan Weighted Index trend is +100.0/100 indicating a positive trend. Taiwan Weighted Index momentum exhaustion is 2.31671 indicating Taiwan Weighted Index is oversold.Taiwan Weighted Index RSI is 83.2422 .

Taiwan Weighted Index Chart

Taiwan Weighted Index

Taiwan Weighted Index Statistics

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Taiwan Weighted Index TWII 17458.8 1 1 2.31671 83.2422 -2.17 0.7 -0.65 0.2789

Taiwan Weighted Index closed at 17458.8 on 23 January 2021. Taiwan Weighted Index trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Taiwan Weighted Index momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Taiwan Weighted Index momentum exhaustion is 2.31671 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Taiwan Weighted Index is oversold and a possible reversal is imminent. Taiwan Weighted Index RSI was last calculated at 83.2422. Taiwan Weighted Index moving averages were last recorded as follows: 1-month moving average: 14534.5 in an uptrend , 1-quarter moving average: 13770.0 in an uptrend and 1-year moving average: 12099.7 in an uptrend. Taiwan Weighted Index annual return was last recorded at None%, daily return was last recorded at -2.17%, and weekly return was last recorded at 0.7%. Taiwan Weighted Index histrorical 20-day volatility was last recorded at 13.7706%, Taiwan Weighted Index alpha None, Taiwan Weighted Index beta None and Taiwan Weighted Index maximum drawdown was recorded at None%. MacroVar models monitor Taiwan Weighted Index statistics based on historical data since 1970.

Taiwan Weighted Index Factors

Taiwan Weighted Index

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Taiwan PMI vs Stocks TW.FACT.STPMI 12591.3 57.8697 -1.01585

Taiwan Weighted Index related Indicators

Taiwan Weighted Index

Security Type Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Taiwan ETF Stock Index ETF EWT 63.78 1 1 2.35204 76.9582 -1.57 2.75 -2.24 0.34665
Taiwan PMI vs Stocks Stock Index vs PMI Factor TW.FACT.STPMI 12591.3

Taiwan Weighted Index News

Taiwan Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Taiwan Weighted Index TWII 17458.8 1 1 2.31671 83.2422 -2.17 0.7 -0.65 0.2789
Taiwan ETF EWT 63.78 1 1 2.35204 76.9582 -1.57 2.75 -2.24 0.34665
Taiwan Dollar US Dollar (TWD/USD) TWDUSD 28.01 -0.5 -1 -2.04511 32.4512 0.1 0.15 0.5 -0.06218
Taiwan 2-year bond yield TW.2Y 0.17 -0.5 -0.25 -0.83171 51.7541 0 6.25 30.77 -0.74757
Taiwan Yield Curve TW.YC 0.24 -0.5 -0.5 -0.35344 49.5833 -4 -15.79 -15.79 0.16129

Taiwan Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 5144.95 6155.87 -0.16422 0.0653416 -1.0 1.0 0.483333 2021-06-30
bank lending rate 2.441 2.447 -0.00245198 -0.0739757 -1.0 -1.0 0.0666667 2020-07-31
banks balance sheet 51419300 51193500 0.00441072 0.0956175 1.0 1.0 0.966667 2021-05-31
capital flows 26469 30052 -0.119227 0.360454 1.0 1.0 0.566667 2020-11-01
car registrations 22435.3 22423.3 0.000535158 0.0117111 1.0 1.0 0.966667 2021-06-30
central bank balance sheet 18647300 18584800 0.00336296 0.119528 1.0 1.0 0.916667 2021-06-30
consumer confidence 70.48 70.48 0 0.0151231 -1.0 1.0 0.7 2021-07-31
consumer price index cpi 104.14 103.91 0.00221345 0.0188827 1.0 1.0 0.9 2021-06-30
core inflation rate 1.35 1.04 0.298077 26 1.0 1.0 1 2021-04-30
current account 25960 27330 -0.0501281 0.187557 1.0 1.0 0.433333 2021-01-01
current account to gdp 9.5 10.5 -0.0952381 0.376812 -1.0 1.0 0 2019-02-28
exports 36653 37410.2 -0.0202405 0.351223 1.0 1.0 0.95 2021-06-30
external debt 209223 189873 0.10191 0.0881106 1.0 1.0 0.333333 2020-07-01
fiscal expenditure 3331.21 3075.8 0.0830386 0.247224 1.0 1.0 0 2020-02-29
foreign direct investment 431.22 338.02 0.275723 -0.0490241 -1.0 -1.0 0.483333 2021-05-31
foreign exchange reserves 5432.82 5429.78 0.000559875 0.111711 1.0 1.0 0.916667 2021-06-30
gdp 610.7 608.1 0.00427561 0.50086 1.0 1.0 0 2019-01-01
Real GDP 5268610 5097250 0.0336181 0.260801 1.0 1.0 1 2021-01-01
gdp growth 3.05 1.42 1.14789 2.6747 1.0 1.0 0.933333 2021-01-01
gdp growth annual 8.92 8.16 0.0931373 1.60819 1.0 1.0 0.966667 2021-04-01
gold reserves 423.63 422.7 0.00220014 0 1.0 -1.0 0.491667 2020-05-01
government budget -4.5 -1.3 2.46154 4 -1.0 -1.0 0 2019-02-28
Government budget -226.92 -244.2 -0.0707617 -1.32238 -1.0 -1.0 0 2018-01-31
government debt to gdp 28.2 29.3 -0.0375427 0.0180505 -1.0 1.0 0 2019-01-31
government revenues 2875.41 2942.28 -0.0227273 0.360407 1.0 1.0 0 2020-02-29
housing index 329.17 296.48 0.11026 0.161749 1.0 1.0 0.4 2020-07-01
imports 31508 31254.3 0.00811728 0.413143 1.0 1.0 0.966667 2021-06-30
industrial production 16.51 14.1 0.170922 8.65497 1.0 1.0 0.983333 2021-05-31
industrial production mom 2.25 -0.9 -3.5 -6.625 1.0 1.0 0.05 2021-05-31
inflation cpi 1.89 2.48 -0.237903 -3.52 1.0 1.0 0.1 2021-06-30
interbank rate 0.48 0.48 0 0 1.0 -1.0 0.508333 2021-06-02
interest rate 1.125 1.375 -0.181818 -0.181818 -1.0 -1.0 0.0166667 2020-03-19
loan growth 7.57 6.95 0.0892086 0.236928 1.0 1.0 0.6 2021-05-31
loans to private sector 13043100 12796600 0.0192629 0.0663881 1.0 1.0 0.783333 2021-05-31
manufacturing pmi 57.6 62 -0.0709677 0.246753 -1.0 1.0 0.966667 2021-06-30
money supply m0 2470180 2465750 0.00179661 0.112017 1.0 1.0 0.9 2021-05-31
money supply m1 9287900 9179000 0.011864 0.198578 1.0 1.0 0.95 2021-05-31
money supply m2 51455800 51137300 0.00622833 0.0920996 1.0 1.0 1 2021-05-31
Producer Price Index 102.63 102.09 0.00528945 0.107359 1.0 1.0 0.983333 2021-06-30
PPI Index 10.74 11.33 -0.0520741 -2.04171 1.0 1.0 0.216667 2021-06-30
retail sales MoM -5.78 0.7 -9.25714 -1.6881 -1.0 -1.0 0.183333 2021-05-31
retail sales 2.8 18.27 -0.846743 -1.48951 -1.0 1.0 0.35 2021-05-31
unemployment rate 4.15 3.71 0.118598 -0.00240385 1.0 -1.0 0.416667 2021-05-31
youth unemployment rate 12.58 11.69 0.0761334 0.0789022 1.0 1.0 1 2021-05-31

Taiwan Weighted Index Trading Signals


MacroVar estimates the following signals: Taiwan Weighted Index momentum, Taiwan Weighted Index trend, Taiwan Weighted Index oscillator, Taiwan Weighted Index RSI and Taiwan Weighted Index returns.

Taiwan Weighted Index 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.

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

Taiwan Weighted Index trend

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

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

Taiwan Weighted Index oscillator

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

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

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

Taiwan Weighted Index returns

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

Taiwan Weighted Index returns = (Taiwan Weighted Index Closing Price – Taiwan Weighted Index Previous Price)/(Taiwan Weighted Index Previous Price)
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