US Soybeans closed up by 0.72% to 1389.5 on 23 January 2021 and +4.5% on a weekly basis. US Soybeans momentum was last calculated at +100.0/100 indicating positive momentum. US Soybeans trend is +100.0/100 indicating a positive trend. US Soybeans momentum exhaustion is 3.06102 indicating US Soybeans is overbought.US Soybeans RSI is 84.9305 .
US Soybeans Chart
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US Soybeans closed at 1389.5 on 23 January 2021. US Soybeans trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. US Soybeans momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. US Soybeans momentum exhaustion is 3.06102 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating US Soybeans is overbought and a possible reversal is imminent. US Soybeans RSI was last calculated at 84.9305. US Soybeans moving averages were last recorded as follows: 1-month moving average: 1240.12 in an uptrend , 1-quarter moving average: 1159.37 in an uptrend and 1-year moving average: 959.204 in an uptrend. US Soybeans annual return was last recorded at None%, daily return was last recorded at 0.72%, and weekly return was last recorded at 4.5%. US Soybeans histrorical 20-day volatility was last recorded at 18.2699%, US Soybeans alpha None, US Soybeans beta None and US Soybeans maximum drawdown was recorded at None%. MacroVar models monitor US Soybeans statistics based on historical data since 1970.
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 US Soybeans momentum signal ranges from -100 to +100. The
US Soybeans momentum signal is derived as the mean value from 4 calculations for the China Import Dry Bulk Freight Index CDFI. 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. US Soybeans 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.
US Soybeans BADI momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when
US Soybeans momentum signal moves from positive to negative value or vice-versa.
US Soybeans Trend
US Soybeans trend signal ranges from -100 to +100. US Soybeans 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. US Soybeans Closing price vs
US Soybeans moving average (MA) calculation: If
US Soybeans is greater than US Soybeans MA value is +1, else -1, 2. US Soybeans Moving average slope calculation: if current
US Soybeans moving average is higher than the previous MA,
US Soybeans upward slope +1, else -1
US Soybeans trend model can be used as a trend strength indicator.
US Soybeans trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when US Soybeans trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The US Soybeans 52-week simple moving average and its slope are the most important indicators defining a market’s trend.
US Soybeans is in an uptrend when US Soybeans price is higher than the 52-week moving average and the
US Soybeans 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
US Soybeans oscillator and US Soybeans RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
US Soybeans Oscillator
The US Soybeans oscillator estimated by MacroVar is the z-score of the current
US Soybeans price versus US Soybeans 1-year simple moving average price. The formula for the
US Soybeans oscillator is:
US Soybeans oscillator = (Current Price – 250 trading days
US Soybeans simple moving average price) / (250 days US Soybeans price standard deviation)
US Soybeans oversold conditions
US Soybeans is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the
US Soybeans is oversold it is often due for a rebound. Values of the
US Soybeans oscillator lower than -2.5 signify oversold conditions. It must be noted that the
US Soybeans oscillator must be analyzed ibn conjunction with the rest of
US Soybeans 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
US Soybeans RSI.
US Soybeans overbought conditions
US Soybeans is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the
US Soybeans is overbought it is often due for a correction. Values of the
US Soybeans oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the
US Soybeans 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.
US Soybeans 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 US Soybeans is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During
US Soybeans 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.
US Soybeans Returns
MacroVar calculates US Soybeans returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is: