Thailand ETF THD

Thailand ETF closed down by -2.2% to 73.95 on 23 January 2021 and +-6.66% on a weekly basis. Thailand ETF momentum was last calculated at +100.0/100 indicating positive momentum. Thailand ETF trend is +75.0/100 indicating a positive trend. Thailand ETF momentum exhaustion is 1.43327 indicating Thailand ETF is oversold.Thailand ETF RSI is 64.3553 .

Thailand ETF THD Chart

Thailand ETF THD

Thailand ETF THD Statistics

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

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

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Thailand ETFTHD73.9510.751.4332764.3553-2.2-6.66-6.57-0.06391

Thailand ETF closed at 73.95 on 23 January 2021. Thailand ETF trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Thailand ETF momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Thailand ETF momentum exhaustion is 1.43327 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Thailand ETF is oversold and a possible reversal is imminent. Thailand ETF RSI was last calculated at 64.3553. Thailand ETF moving averages were last recorded as follows: 1-month moving average: 78.4935 in an uptrend , 1-quarter moving average: 71.7958 in an uptrend and 1-year moving average: 69.905 in a downtrend. Thailand ETF annual return was last recorded at None%, daily return was last recorded at -2.2%, and weekly return was last recorded at -6.66%. Thailand ETF histrorical 20-day volatility was last recorded at 31.7842%, Thailand ETF alpha None, Thailand ETF beta None and Thailand ETF maximum drawdown was recorded at None%. MacroVar models monitor Thailand ETF statistics based on historical data since 1970.

Thailand ETF THD News

Thailand ETF Factors

Thailand ETF

FactorSymbolLast ValuePredicted ValueR2MacroVar Signal
Thailand PMI vs ETFTH.FACT.ETFPMI61.7849.30

Thailand ETF related Indicators

Thailand ETF

SecurityTypeSymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
SET IndexStock IndexSET1540.880.50.50.7688954.6977-1.84-3.22-1.74-0.07315
Thailand PMI vs ETFETF vs PMI FactorTH.FACT.ETFPMI61.78

Thailand Markets

MarketSymbolLastMomTrendExhRSI1D%1W%1M%1Y%
SET IndexSET1540.880.50.50.7688954.6977-1.84-3.22-1.74-0.07315
Thailand ETFTHD73.9510.751.4332764.3553-2.2-6.66-6.57-0.06391
Thailand baht US Dollar (THB/USD)THBUSD 32.82-1-1-1.8201642.36980.643.114.66-0.01056
Thailand 5-Year Bond YieldTH.5Y0.66-1-1-1.8535319.85026.450-17.5-0.61922
Thailand 2-year bond yieldTH.2Y0.5-1-1-1.7201413.3991-18.03-18.03-3.85-0.69547
Thailand 12-year bond yieldTH.12Y1.74-1-1-1.4572228.39842.96-7.45-6.45-0.24765
Thailand Yield CurveTH.YC1.1100.50.8224652.333723.336.73-5.930.75
Thailand Credit Default SwapsCDS.Thailand39-1-0.75-0.6496439.76031.962.63-7.140.2637

Thailand Economic Indicators

IndicatorActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate
balance of trade795.951803.42194-0.703852-1.0-1.00.3666672021-05-31
bank lending rate66.25-0.04-0.142857-1.0-1.00.01666672020-05-31
banks balance sheet22330300221565000.00784420.02981011.01.00.42021-05-31
business confidence46.2430.07441860.21.01.00.9666672021-06-30
capacity utilization65.1664.80.005555560.2479511.01.012021-05-31
car registrations2858447028-0.3921920.171283-1.01.00.8333332021-06-30
central bank balance sheet895946089367700.002538950.04035091.01.00.42021-05-31
consumer confidence43.144.7-0.0357942-0.123984-1.0-1.00.32021-06-30
consumer price index cpi98.8899.79-0.00911915-0.0371957-1.0-1.00.01666672021-02-28
core inflation rate0.520.490.0612245-11.41.01.00.01666672021-06-30
current account-2624.04-1297.631.02218-4.02602-1.0-1.00.03333332021-05-31
current account to gdp4.27-0.413-1.01.002020-01-31
deposit interest rate0.621.4-0.557143-0.755906-1.0-1.002020-01-01
exports23057.921429.30.07599870.4159241.01.012021-05-31
external debt186397190010-0.01901480.2204111.01.00.552021-01-01
fiscal expenditure153029193699-0.2099650.0094128-1.01.00.5166672021-05-31
foreign direct investment-16240.5-1422.0810.420216.2709-1.0-1.012020-07-31
foreign exchange reserves246529251784-0.0208711-0.00311767-1.0-1.00.08333332021-06-30
gdp501.79544.26-0.07803260.7221151.01.002020-01-31
Real GDP256767024470300.0493006-0.00516852-1.0-1.00.03333332020-07-01
gdp growth0.21.3-0.846154-0.91.0-1.00.352021-01-01
gdp growth annual-2.6-4.2-0.380952-1.52-1.0-1.00.22021-01-01
gold reserves197.51153.960.2828660.2828661.01.00.7833332021-01-01
government budget-6.1-1.82.3888919.3333-1.0-1.002020-01-31
Government budget-17025-51902-0.671978-0.8809871.01.00.3166672021-04-30
government debt to gdp50.541.10.228710.3254591.01.002018-03-28
government revenues162774176674-0.0786760.23238-1.01.00.952021-05-31
housing index152.4152.20.001314060.004614371.01.00.1666672021-05-31
housing starts433210514-0.5879780.331285-1.01.00.8333332021-04-30
imports2226221246.80.04778130.4800481.01.012021-05-31
industrial production25.8418.460.399783-2.085711.01.00.252021-05-31
industrial production mom-0.11.7-1.05882-1.2-1.0-1.00.4583332021-01-31
inflation cpi1.252.44-0.487705-1.796181.01.00.2833332021-06-30
interbank rate0.620.62001.0-1.00.5083332021-06-02
interest rate0.50.75-0.333333-0.714286-1.0-1.00.01666672020-05-20
loans to private sector454391045414700.0005372710.01731991.01.00.1166672021-05-31
manufacturing pmi49.547.80.03556490.1379311.01.002021-06-30
money supply m0186738018632700.00220580.07415141.01.00.4833332021-05-31
money supply m12657.826170.01559040.08110971.01.00.6833332021-05-31
money supply m323278.823233.70.001941150.03505961.01.00.06666672021-05-31
Producer Price Index102.1101.60.004921260.05475211.01.00.9833332021-06-30
retail sales31.515.80.993671-3.692311.01.00.1166672021-04-30
total vehicle sales5594258132-0.03767290.384086-1.01.00.9833332021-05-31
unemployment rate1.52-0.250.51.01.00.92020-12-31
youth unemployment rate89.8-0.1836730.194031.01.002020-08-31

Thailand ETF Trading Signals


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

Thailand 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.

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

Thailand ETF trend

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

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

Thailand ETF oscillator

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

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

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

Thailand ETF returns

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

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