STOXX North America 600 Energy

STOXX North America 600 Energy closed down by -0.9% to 515.08 on 13 January 2021 and +-2.99% on a weekly basis. STOXX North America 600 Energy momentum was last calculated at +0.0/100 indicating positive momentum. STOXX North America 600 Energy trend is +75.0/100 indicating a positive trend. STOXX North America 600 Energy momentum exhaustion is 1.51 indicating STOXX North America 600 Energy is neither oversold or overbought. STOXX North America 600 Energy RSI is 48.94 .

STOXX North America 600 Energy Chart

STOXX North America 600 Energy Statistics

STOXX Europe 600 Automobiles & PARTS closed at 515.08 on 13 January 2021. STOXX Europe 600 Automobiles & PARTS trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. STOXX Europe 600 Automobiles & PARTS momentum was last calculated at +0.0/100 (range: -100 to +100) indicating positive momentum. STOXX Europe 600 Automobiles & PARTS momentum exhaustion is 1.51 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating STOXX Europe 600 Automobiles & PARTS is neither oversold or overbought. STOXX Europe 600 Automobiles & PARTS RSI was last calculated at 48.94. STOXX Europe 600 Automobiles & PARTS moving averages were last recorded as follows: 1-month moving average: 521.97 in an uptrend , 1-quarter moving average: 488.63 in an uptrend and 1-year moving average: 420.29 in an uptrend. STOXX Europe 600 Automobiles & PARTS annual return was last recorded at None%, daily return was last recorded at -0.9%, and weekly return was last recorded at -2.99%. STOXX Europe 600 Automobiles & PARTS Historical 20-day volatility was last recorded at 20.5487%, MacroVar models monitor STOXX Europe 600 Automobiles & PARTS statistics based on historical data since 1970.

STOXX North America 600 Energy Trading Signals

MacroVar estimates the following signals: STOXX North America 600 Energy momentum, STOXX North America 600 Energy trend, STOXX North America 600 Energy oscillator, STOXX North America 600 Energy RSI and STOXX North America 600 Energy returns.

STOXX North America 600 Energy 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.

MacroVarSTOXX North America 600 Energy momentum signal ranges from -100 to +100. The STOXX North America 600 Energy momentum signal is derived as the mean value from 4 calculations for the STOXX North America 600 Energy . 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. STOXX North America 600 Energy 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. STOXX North America 600 Energy BADI momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when STOXX North America 600 Energy momentum signal moves from positive to negative value or vice-versa.

STOXX North America 600 Energy Trend

STOXX North America 600 Energy trend signal ranges from -100 to +100. STOXX North America 600 Energy 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. STOXX North America 600 Energy Closing price vs STOXX North America 600 Energy moving average (MA) calculation: If STOXX North America 600 Energy is greater than STOXX North America 600 Energy MA value is +1, else -1, 2. STOXX North America 600 Energy Moving average slope calculation: if current STOXX North America 600 Energy moving average is higher than the previous MA, STOXX North America 600 Energy upward slope +1, else -1
STOXX North America 600 Energy trend model can be used as a trend strength indicator. STOXX North America 600 Energy trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when STOXX North America 600 Energy trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The STOXX North America 600 Energy 52-week simple moving average and its slope are the most important indicators defining a market’s trend. STOXX North America 600 Energy is in an uptrend when STOXX North America 600 Energy price is higher than the 52-week moving average and the STOXX North America 600 Energy 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 STOXX North America 600 Energy oscillator and STOXX North America 600 Energy RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

STOXX North America 600 Energy Oscillator

The STOXX North America 600 Energy oscillator estimated by MacroVar is the z-score of the current STOXX North America 600 Energy price versus STOXX North America 600 Energy 1-year simple moving average price. The formula for the STOXX North America 600 Energy oscillator is:
STOXX North America 600 Energy oscillator = (Current Price – 250 trading days STOXX North America 600 Energy simple moving average price) / (250 days STOXX North America 600 Energy price standard deviation)

STOXX North America 600 Energy oversold conditions
STOXX North America 600 Energy is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the STOXX North America 600 Energy is oversold it is often due for a rebound. Values of the STOXX North America 600 Energy oscillator lower than -2.5 signify oversold conditions. It must be noted that the STOXX North America 600 Energy oscillator must be analyzed ibn conjunction with the rest of STOXX North America 600 Energy 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 STOXX North America 600 Energy RSI.
STOXX North America 600 Energy overbought conditions
STOXX North America 600 Energy is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the STOXX North America 600 Energy is overbought it is often due for a correction. Values of the STOXX North America 600 Energy oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the STOXX North America 600 Energy 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.

STOXX North America 600 Energy 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 STOXX North America 600 Energy is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During STOXX North America 600 Energy 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.

STOXX North America 600 Energy Returns

MacroVar calculates STOXX North America 600 Energy returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

STOXX North America 600 Energy returns = (STOXX North America 600 Energy Closing Price – STOXX North America 600 Energy Previous Price)/(STOXX North America 600 Energy Previous Price)