Value Line Geometric Index
Value Line Geometric Index closed down by -0.55% to 624.61 on 13 January 2021 and +0.35% on a weekly basis. Value Line Geometric Index momentum was last calculated at +50.0/100 indicating positive momentum. Value Line Geometric Index trend is +100.0/100 indicating a positive trend. Value Line Geometric Index momentum exhaustion is 1.42 indicating Value Line Geometric Index is neither oversold or overbought. Value Line Geometric Index RSI is 60.14 .
Value Line Geometric Index Index Chart
Value Line Geometric Index Index Statistics
MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the
Value Line Geometric Index. Click here to explore the financial factors monitored and their current signals.
Click here to explore the methodology used for estimating the Value Line Geometric Index trading signals presented in the Value Line Geometric Index statistics table.
Value Line Geometric Index closed at 624.61 on 13 January 2021. Value Line Geometric Index trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Value Line Geometric Index momentum was last calculated at +50.0/100 (range: -100 to +100) indicating positive momentum. Value Line Geometric Index momentum exhaustion is 1.42 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Value Line Geometric Index is neither oversold or overbought. Value Line Geometric Index RSI was last calculated at 60.14. Value Line Geometric Index moving averages were last recorded as follows: 1-month moving average: 619.92 in an uptrend , 1-quarter moving average: 591.94 in an uptrend and 1-year moving average: 558.91 in an uptrend. Value Line Geometric Index annual return was last recorded at None%, daily return was last recorded at -0.55%, and weekly return was last recorded at 0.35%. Value Line Geometric Index historical 20-day volatility was last recorded at 12.7106%, MacroVar models monitor Value Line Geometric Index statistics based on historical data since 1970.
Value Line Geometric Index Index News
United States Markets
|S&P 500 ETF||SPY||434.55||0.5||1||1.55493||58.155||-0.39||2.7||4.06||0.14736|
|US Dollar Index (DXY)||DXY||92.75||0||-1||-0.5352||43.8176||0.37||1.03||2.36||-0.07489|
|United States 10-Year Bond Yield||US.10Y||1.29||-0.5||0.25||0.11307||51.7114||-4.09||-13.19||-19.85||-0.49589|
|US 5-year bond yield||US.5Y||0.74||-0.5||-0.25||-0.37083||46.288||-7.38||-16||-13.02||-0.78074|
|US 30-year bond yield||US.30Y||1.94||-0.5||0.25||0.42814||49.6785||-1.72||-8.01||-15.24||-0.28429|
|iShares 20+ Year Treasury Bond ETF||TLT||148.1||-0.5||-0.5||-0.41513||43.3466||0.84||3.1||7.07||0.13041|
|iShares iBoxx $ Investment Grade Corporate Bond||LQD||135.27||-0.5||0.5||0.8286||46.445||0.3||1.11||3.35||0.06823|
|iShares iBoxx $ High Yield Corporate Bond||HYG||87.73||0.5||0.75||0.93656||61.2482||-0.14||0.08||0.29||-0.01112|
|iShares 7-10 Year Treasury Bond ETF||IEF||117.13||-0.5||-0.5||-0.03907||45.3845||0.55||1.52||2.84||0.07499|
|SPDR Barclays High Yield Bond||JNK||109.64||1||0.75||0.9771||62.5206||-0.12||0.13||0.58||-0.00992|
|iShares TIPS Bond (TIP)||TIP||128.7||0.5||1||1.32977||74.3114||0.07||0.81||1.28||0.08835|
|US 2-year bond yield||US.2Y||0.21||-1||-1||-0.55223||42.4592||-6.67||-20.75||27.97||-0.92399|
|US Yield Curve||US.YC||1.08||0||1||1.74858||55.6394||-3.57||-11.55||-25.28||1.91241|
|US Yield Curve 2s5s||US.YC25||0.53||0||0.5||1.38639||50.8504||-7.67||-13.96||-22.82||3.08475|
|US Yield Curve 5s10s||US.YC510||0.55||0||1||1.84348||58.6679||-0.18||-9.69||-27.56||1.73529|
|US Yield Curve 5s30s||US.YC530||1.2||0||0.75||1.21768||52.8329||2.13||-2.28||-16.56||0.9709|
|US Yield Curve 10s30s||US.YC1030||0.65||-1||-0.5||0.52721||45.0387||4.17||5.01||-4.26||0.5283|
|US Yield Curve 2s30s||US.YC0230||1.73||0||0.75||1.31448||52.3027||-1.09||-6.18||-18.58||1.14607|
United States Economic Indicators
|balance of trade||6540||5145||0.271137||0.150396||1.0||1.0||0.716667||2021-03-31|
|bank lending rate||0.39||0.41||-0.0487805||-0.170213||-1.0||-1.0||0.75||2021-05-31|
|banks balance sheet||2654110||2636110||0.00682824||0.0112012||1.0||1.0||0.616667||2021-05-31|
|central bank balance sheet||484835||486524||-0.00347157||0.265577||1.0||1.0||0.616667||2021-05-31|
|consumer price index cpi||109.67||109.46||0.00191851||0.0200912||1.0||1.0||0.716667||2021-06-30|
|core inflation rate||1.9||1.6||0.1875||-0.0952381||1.0||-1.0||0.316667||2021-05-31|
|current account to gdp||7.8||9.9||-0.212121||0.56||-1.0||1.0||0||2020-01-31|
|foreign direct investment||-44315||15636||-3.83416||8.62115||-1.0||-1.0||0||2020-10-31|
|foreign exchange reserves||43438||44272||-0.0188381||-0.00401257||-1.0||-1.0||0.416667||2021-06-30|
|gdp growth annual||-2.4||-2.9||-0.172414||-1.92308||-1.0||-1.0||0.25||2021-01-01|
|government debt to gdp||54.5||48.7||0.119097||-0.00365631||-1.0||-1.0||0||2020-01-31|
|industrial production mom||-0.4||3.2||-1.125||-0.809524||-1.0||1.0||0.45||2021-04-30|
|loans to private sector||305637||301890||0.0124118||-0.000320539||1.0||-1.0||0.766667||2021-05-31|
|long term unemployment rate||1.1||1||0.1||-0.3125||1.0||-1.0||0.408333||2021-01-01|
|money supply m0||78656||77914||0.00952332||0.0892976||1.0||1.0||0.783333||2021-05-31|
|money supply m1||537547||517053||0.0396362||0.0826596||1.0||1.0||0.683333||2021-05-31|
|money supply m2||1014560||989408||0.0254213||0.0569566||1.0||1.0||0.75||2021-05-31|
|money supply m3||1024980||999916||0.0250661||0.0288722||1.0||1.0||0.633333||2021-05-31|
|Producer Price Index||112.3||110.8||0.0135379||0.123||1.0||1.0||1||2021-05-31|
|retail sales MoM||9.7||-0.3||-33.3333||-3.62162||1.0||1.0||0.15||2021-05-31|
|youth unemployment rate||8.7||8.8||-0.0113636||-0.0842105||-1.0||-1.0||0.583333||2021-05-31|
|ESI - Economic Composite||108.6||97.9||0.109295||0.580786||1.0||1.0||1||2021-04-01|
Value Line Geometric Index Trading Signals
MacroVar estimates the following signals:
Value Line Geometric Index momentum, Value line geometric index trend, Value Line Geometric Index oscillator, Value Line Geometric Index RSI and
Value Line Geometric Index returns.
Value Line Geometric 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.
MacroVar Value Line Geometric Index momentum signal ranges from -100 to +100. The Value Line Geometric Index momentum signal is derived as the mean value from 4 calculations for the Value Line Geometric 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. Value Line Geometric 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. Value Line Geometric Index momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Value Line Geometric Index momentum signal moves from positive to negative value or vice-versa.
Value Line Geometric Index trend
Value Line Geometric Index trend signal ranges from -100 to +100. Value Line Geometric 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. Value Line Geometric Index Closing price vs Value Line Geometric Index moving average (MA) calculation: If
Value Line Geometric Index is greater than Value Line Geometric Index MA value is +1, else -1, 2. Value Line Geometric Index Moving average slope calculation: if current Value Line Geometric Index moving average is higher than the previous MA, Value Line Geometric Index upward slope +1, else -1 Value Line Geometric Index trend model can be used as a trend strength indicator. Value Line Geometric Index trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Value Line Geometric Index trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The Value Line Geometric Index 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Value Line Geometric Index is in an uptrend when Value Line Geometric Index price is higher than the 52-week moving average and the Value Line Geometric 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 Value Line Geometric Index oscillator and Value Line Geometric Index RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
Value Line Geometric Index oscillator
The Value Line Geometric Index oscillator estimated by MacroVar is the z-score of the current Value Line Geometric Index price versus Value Line Geometric Index 1-year simple moving average price. The formula for the Value Line Geometric Index oscillator is:
Value Line Geometric Index oscillator = (Current Price – 250 trading days
Value Line Geometric Index simple moving average price) / (250 days Value Line Geometric Index price standard deviation)
Value Line Geometric Index oversold conditions
Value Line Geometric Index is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Value Line Geometric Index is oversold it is often due for a rebound. Values of the Value Line Geometric Index oscillator lower than -2.5 signify oversold conditions. It must be noted that the Value Line Geometric Index oscillator must be analyzed ibn conjunction with the rest of Value Line Geometric 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 Value Line Geometric Index RSI.
Value Line Geometric Index overbought conditions
Value Line Geometric Index is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Value Line Geometric Index is overbought it is often due for a correction. Values of the Value Line Geometric 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 Value Line Geometric 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.
Value Line Geometric 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 Value Line Geometric Index is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Value Line Geometric 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.
Value Line Geometric Index returns
MacroVar calculates Value Line Geometric Index returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:
Value Line Geometric Index returns = (Value Line Geometric Index Closing Price –
Value Line Geometric Index Previous Price)/(Value Line Geometric Index Previous Price)