SPDR S&P 500 Value – SPYV

Financials XLF ETF closed up by 0.45% to 29.21 on 13 January 2021 and +0.41% on a weekly basis. Financials XLF ETF momentum was last calculated at +100.0/100 indicating positive momentum. Financials XLF ETF trend is +75.0/100 indicating a positive trend. Financials XLF ETF momentum exhaustion is 1.25 indicating Financials XLF ETF is neither oversold or overbought. Financials XLF ETF RSI is 60.94 .

SPDR S&P 500 Value – SPYV Chart

SPDR S&P 500 Value – SPYV Chart

Source: MacroVar

SPDR S&P 500 Value – SPYV Statistics

Financials XLF ETF closed at 29.21 on 13 January 2021. Financials XLF ETF trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Financials XLF ETF momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Financials XLF ETF momentum exhaustion is 1.25 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Financials XLF ETF is neither oversold or overbought. Financials XLF ETF RSI was last calculated at 60.94. Financials XLF ETF moving averages were last recorded as follows: 1-month moving average: 28.8 in an uptrend , 1-quarter moving average: 27.05 in an uptrend and 1-year moving average: 25.29 in a downtrend. Financials XLF ETF annual return was last recorded at None%, daily return was last recorded at 0.45%, and weekly return was last recorded at 0.41%. Financials XLF ETF Historical 20-day volatility was last recorded at 14.172%, MacroVar models monitor Financials XLF ETF statistics based on historical data since 1970.

SPDR S&P 500 Value – SPYV Trading Signals

MacroVar estimates the following signals: SPDR S&P 500 Value – SPYV momentum, SPDR S&P 500 Value – SPYV trend, SPDR S&P 500 Value – SPYV oscillator, SPDR S&P 500 Value – SPYV RSI and SPDR S&P 500 Value – SPYV returns.

SPDR S&P 500 Value – SPYV 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.

MacroVarSPDR S&P 500 Value – SPYV momentum signal ranges from -100 to +100. The SPDR S&P 500 Value – SPYV momentum signal is derived as the mean value from 4 calculations for the SPDR S&P 500 Value – SPYV. 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. SPDR S&P 500 Value – SPYV 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. SPDR S&P 500 Value – SPYV BADI momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when SPDR S&P 500 Value – SPYV momentum signal moves from positive to negative value or vice-versa.

SPDR S&P 500 Value – SPYV Trend

SPDR S&P 500 Value – SPYV trend signal ranges from -100 to +100. SPDR S&P 500 Value – SPYV 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. SPDR S&P 500 Value – SPYV Closing price vs SPDR S&P 500 Value – SPYV moving average (MA) calculation: If SPDR S&P 500 Value – SPYV is greater than SPDR S&P 500 Value – SPYV MA value is +1, else -1, 2. SPDR S&P 500 Value – SPYV Moving average slope calculation: if current SPDR S&P 500 Value – SPYV moving average is higher than the previous MA, SPDR S&P 500 Value – SPYV upward slope +1, else -1
SPDR S&P 500 Value – SPYV trend model can be used as a trend strength indicator. SPDR S&P 500 Value – SPYV trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when SPDR S&P 500 Value – SPYV trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The SPDR S&P 500 Value – SPYV 52-week simple moving average and its slope are the most important indicators defining a market’s trend. SPDR S&P 500 Value – SPYV is in an uptrend when SPDR S&P 500 Value – SPYV price is higher than the 52-week moving average and the SPDR S&P 500 Value – SPYV 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 SPDR S&P 500 Value – SPYV oscillator and SPDR S&P 500 Value – SPYV RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

SPDR S&P 500 Value – SPYV Oscillator

The SPDR S&P 500 Value – SPYV oscillator estimated by MacroVar is the z-score of the current SPDR S&P 500 Value – SPYV price versus SPDR S&P 500 Value – SPYV 1-year simple moving average price. The formula for the SPDR S&P 500 Value – SPYV oscillator is:
SPDR S&P 500 Value – SPYV oscillator = (Current Price – 250 trading days SPDR S&P 500 Value – SPYV simple moving average price) / (250 days SPDR S&P 500 Value – SPYV price standard deviation)

SPDR S&P 500 Value – SPYV oversold conditions
SPDR S&P 500 Value – SPYV is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the SPDR S&P 500 Value – SPYV is oversold it is often due for a rebound. Values of the SPDR S&P 500 Value – SPYV oscillator lower than -2.5 signify oversold conditions. It must be noted that the SPDR S&P 500 Value – SPYV oscillator must be analyzed ibn conjunction with the rest of SPDR S&P 500 Value – SPYV 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 SPDR S&P 500 Value – SPYV RSI.
SPDR S&P 500 Value – SPYV overbought conditions
SPDR S&P 500 Value – SPYV is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the SPDR S&P 500 Value – SPYV is overbought it is often due for a correction. Values of the SPDR S&P 500 Value – SPYV oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the SPDR S&P 500 Value – SPYV 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.

SPDR S&P 500 Value – SPYV 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 SPDR S&P 500 Value – SPYV is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During SPDR S&P 500 Value – SPYV 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.

SPDR S&P 500 Value – SPYV Returns

MacroVar calculates SPDR S&P 500 Value – SPYV returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

SPDR S&P 500 Value – SPYV returns = (SPDR S&P 500 Value – SPYV Closing Price – SPDR S&P 500 Value – SPYV Previous Price)/(SPDR S&P 500 Value – SPYV Previous Price)

SPDR S&P 500 Value – SPYV News

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