Turkey ETF TUR

Turkey ETF closed down by -0.33% to 21.25 on 23 January 2021 and +-3.32% on a weekly basis. Turkey ETF momentum was last calculated at +100.0/100 indicating positive momentum. Turkey ETF trend is +100.0/100 indicating a positive trend. Turkey ETF momentum exhaustion is 1.55275 indicating Turkey ETF is oversold.Turkey ETF RSI is 78.7173 .

Turkey ETF TUR Chart

Turkey ETF TUR

Turkey ETF TUR Statistics

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

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

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Turkey ETF TUR 21.25 1 1 1.55275 78.7173 -0.33 -3.32 -7.12 0.01813

Turkey ETF closed at 21.25 on 23 January 2021. Turkey ETF trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Turkey ETF momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Turkey ETF momentum exhaustion is 1.55275 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Turkey ETF is oversold and a possible reversal is imminent. Turkey ETF RSI was last calculated at 78.7173. Turkey ETF moving averages were last recorded as follows: 1-month moving average: 24.863 in an uptrend , 1-quarter moving average: 22.1832 in an uptrend and 1-year moving average: 22.3177 in an uptrend. Turkey ETF annual return was last recorded at None%, daily return was last recorded at -0.33%, and weekly return was last recorded at -3.32%. Turkey ETF histrorical 20-day volatility was last recorded at 18.9655%, Turkey ETF alpha None, Turkey ETF beta None and Turkey ETF maximum drawdown was recorded at None%. MacroVar models monitor Turkey ETF statistics based on historical data since 1970.

Turkey ETF TUR News

Turkey ETF Factors

Turkey ETF

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Turkey PMI vs ETF TR.FACT.ETFPMI 17.96 46.3626 -1.26243
Turkey ESI vs ETF TR.FACT.ETFESI 17.96 80.433 -1.15448

Turkey ETF related Indicators

Turkey ETF

Security Type Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
BIST 100 Stock Index BIST 1351.59 1 0.5 -0.98094 78.9154 -1.94 -2.84 -1.86 -0.98635
Turkey PMI vs ETF ETF vs PMI Factor TR.FACT.ETFPMI 17.96
Turkey ESI vs ETF ETF vs ESI Factor TR.FACT.ETFESI 17.96

Turkey Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
BIST 100 BIST 1351.59 1 0.5 -0.98094 78.9154 -1.94 -2.84 -1.86 -0.98635
Turkey ETF TUR 21.25 1 1 1.55275 78.7173 -0.33 -3.32 -7.12 0.01813
Turkish Lira US Dollar (TRY/USD) TRYUSD 8.56 -0.5 -0.25 0.57135 31.467 -0.37 -0.94 4.4 0.26607
Turkey 10-Year Bond Yield TR.10Y 17.48 0 0 0.07764 47.7379 3.31 1.45 1.39 0.0425
Turkey 5-Year Bond Yield TR.5Y 17.61 0.5 0.25 0.4592 45.5742 -0.84 -2.76 -0.17 0.0493
Turkey 2-year bond yield TR.2Y 18.69 1 1 1.67649 66.7231 5.3 2.98 1.58 0.24743
Turkey Yield Curve TR.YC -1.88 1 -1 -2.04681 36.0992 113.64 2250 469.7 -5.90476
Turkey Credit Default Swaps CDS.Turkey 381.25 -1 -0.75 -1.38228 23.7593 -1.23 -0.2 -11.18 0.12721

Turkey Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade -4652.81 -3331.55 0.39659 -0.14918 -1.0 1.0 0.316667 2021-03-31
banks balance sheet 6459110000 6097500000 0.0593046 0.335128 1.0 1.0 0.85 2021-03-31
building permits 81245 43979 0.847359 1.4104 1.0 1.0 0.933333 2021-03-31
business confidence 113 110.3 0.0244787 0.220302 1.0 1.0 0.966667 2021-06-30
capacity utilization 76.6 75.3 0.0172643 0.160606 1.0 1.0 0.966667 2021-06-30
capital flows -1772 -788 1.24873 -0.814741 1.0 1.0 0.433333 2021-03-31
car registrations 76877 102461 -0.249695 0.476133 -1.0 1.0 0.833333 2021-05-31
cash reserve ratio 19 17 0.117647 0.117647 1.0 1.0 0.85 2020-09-30
central bank balance sheet 1434140000 1407080000 0.0192313 0.377365 1.0 1.0 0.816667 2021-06-30
consumer confidence 79.5 81.7 -0.0269278 -0.0340219 -1.0 -1.0 0.383333 2021-07-31
consumer price index cpi 547.48 537.05 0.0194209 0.175253 1.0 1.0 0.833333 2021-06-30
core inflation rate 17.48 16.99 0.0288405 0.501718 1.0 1.0 0.683333 2021-06-30
current account -3081 -1734 0.776817 -0.22975 -1.0 1.0 0.45 2021-05-31
current account to gdp -5.1 0.9 -6.66667 0 -1.0 -1.0 0 2020-01-31
deposit interest rate 17.5 15.5 0.129032 1.59259 1.0 1.0 0.9 2021-02-28
exports 16497.5 18768 -0.120977 0.656785 1.0 1.0 0.983333 2021-05-31
external debt 448393 450048 -0.00367739 -0.039138 1.0 -1.0 0.0333333 2021-01-01
fiscal expenditure 113.38 117.94 -0.0386637 0.323874 1.0 1.0 0.85 2021-06-30
foreign exchange reserves 62583 59619 0.0497157 0.259595 1.0 1.0 0.983333 2021-07-09
gdp 720.1 761.43 -0.0542794 -0.0653635 -1.0 -1.0 0 2020-01-31
Real GDP 434359000 512715000 -0.152826 0.0971626 -1.0 1.0 0.233333 2021-03-31
gdp growth 1.7 15.9 -0.893082 -0.26087 1.0 -1.0 0.666667 2020-10-01
gdp growth annual 7 5.9 0.186441 -0.0666667 1.0 -1.0 0.65 2021-01-01
gold reserves 544.15 561.03 -0.0300875 1.69381 1.0 1.0 0.9 2020-06-01
government budget -3.4 -2.9 0.172414 0.888889 -1.0 -1.0 0 2020-01-31
Government budget -25.03 -13.37 0.872102 0.292191 -1.0 -1.0 0.55 2021-06-30
government debt 2001430 1949520 0.0266271 0.225315 1.0 1.0 0.566667 2021-05-31
government debt to gdp 39.5 32.6 0.211656 0.0367454 1.0 1.0 0 2020-01-31
government revenues 88.35 104.57 -0.155111 0.333136 -1.0 1.0 0.85 2021-06-30
housing index 175.4 168.8 0.0390995 0.292557 1.0 1.0 0.883333 2021-05-31
housing starts 13145 8069 0.629074 1.91463 1.0 1.0 0.95 2021-03-31
imports 23636.8 19308.1 0.224191 0.255794 1.0 1.0 0.95 2021-03-31
industrial production 40.7 66.3 -0.386124 -3.16489 1.0 1.0 0.116667 2021-05-31
industrial production mom 1.3 -0.8 -2.625 -0.930481 -1.0 -1.0 0.6 2021-05-31
inflation cpi 17.53 16.59 0.0566606 0.389065 1.0 1.0 0.616667 2021-06-30
interbank rate 19.48 19.48 0 0 1.0 -1.0 0.366667 2021-06-02
interest rate 17 17 0 1.06061 1.0 1.0 0.8 2021-05-06
lending rate 20.5 20.5 0 1.10256 1.0 1.0 0.866667 2021-05-31
loans to private sector 1847920000 1825070000 0.0125201 0.159217 1.0 1.0 0.383333 2021-05-31
long term unemployment rate 3.5 3.3 0.0606061 0.521739 1.0 1.0 0 2020-10-01
manufacturing pmi 51.3 49.3 0.040568 -0.0482375 -1.0 -1.0 0.283333 2021-06-30
money supply m1 1374960000 1327640000 0.0356422 0.248216 1.0 1.0 0.533333 2021-06-30
money supply m2 3778100000 3666690000 0.0303844 0.254095 1.0 1.0 0.7 2021-06-30
money supply m3 3889590000 3772610000 0.0310077 0.236246 1.0 1.0 0.666667 2021-06-30
new home sales 18204 29212 -0.376831 0.0797153 -1.0 1.0 0.716667 2021-05-31
Producer Price Index 693.54 666.79 0.0401176 0.428889 1.0 1.0 0.966667 2021-06-30
PPI Index 42.89 38.33 0.118967 5.95138 1.0 1.0 0.966667 2021-06-30
retail sales MoM 5.1 3.6 0.416667 -1.72857 1.0 1.0 0.283333 2021-03-31
retail sales 27 42.5 -0.364706 -2.53409 1.0 1.0 0.183333 2021-05-31
total vehicle sales 79819 54734 0.458307 0.124639 1.0 1.0 0.666667 2021-06-30
unemployment rate 13.2 13.8 -0.0434783 -0.0222222 1.0 -1.0 0.333333 2021-05-31
youth unemployment rate 25 25.7 -0.0272374 0.0869565 -1.0 1.0 0.6 2021-03-31
foreign direct investment 87 361 -75.9 -66.79 Down Down 1.67 2021-01-12
Construction sector -13.6 -18.2 -0.252747 -0.687356 -1.0 1.0 0.15 2021-04-01
Consumer sector -19.4 -14 0.385714 -0.167382 -1.0 1.0 0.316667 2021-04-01
Manufacturing sector 9.3 4 1.325 -1.31525 1.0 1.0 0.416667 2021-04-01
Retail sector 8.3 6.3 0.31746 -1.60584 -1.0 1.0 0.05 2021-04-01
Services sector 18.9 7.6 1.48684 -1.72692 1.0 1.0 0.0666667 2021-04-01
ESI - Economic Composite 99.7 93.2 0.0697425 0.881132 1.0 1.0 1 2021-04-01

Turkey ETF Trading Signals


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

Turkey 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.

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

Turkey ETF trend

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

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

Turkey ETF oscillator

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

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

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

Turkey ETF returns

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

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