Commodity Chemicals Industry

Monitor and predict the growth prospects and potential risks of the Commodity Chemicals industry by examining the financial and macroeconomic factors affecting it and the latest Commodity Chemicals news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Commodity Chemicals updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Commodity Chemicals industry trend, growth prospects and risks.

Commodity Chemicals Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Commodity Chemicals industry US.COMCHEMICALS 647.04 0.5 0 -0.61365 57.6042 0.00386 0.07025 0.01189 0.01742

Commodity Chemicals Industry News

Commodity Chemicals Industry Analysis

MacroVar monitors the performance, risk, trend and momentum of the Commodity Chemicals industry by examining the stock and credit performance of major Commodity Chemicals companies across the US, Europe, Eastern Europe and Asia Pacific. Commodity Chemicals Stock performance is monitored by analyzing STOXX equity indices of major Commodity Chemicals companies while Commodity Chemicals credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Commodity Chemicals high yield corporate bond market.

MacroVar also monitors fundamental indicators closely linked to the Commodity Chemicals sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Commodity Chemicals industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Commodity Chemicals momentum, Commodity Chemicals trend, Commodity Chemicals oscillator, Commodity Chemicals RSI and Commodity Chemicals returns.

Commodity Chemicals description

The Commodity Chemicals subsector includes companies engaged in the production and distribution of simple chemical products that are primarily used to formulate more complex chemicals or products, including plastics and rubber in their raw form, fiberglass and synthetic fibers.

Commodity Chemicals Momentum

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

Commodity Chemicals trend

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

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

Commodity Chemicals oscillator

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

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

Commodity Chemicals 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 Commodity Chemicals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringCommodity Chemicals 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.

Commodity Chemicals returns

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

Commodity Chemicals returns = (Commodity Chemicals Closing Price – Commodity Chemicals Previous Price)/(Commodity Chemicals Previous Price)

Commodity Chemicals Industry

Monitor and predict the growth prospects and potential risks of the Commodity Chemicals industry by examining the financial and macroeconomic factors affecting it and the latest Commodity Chemicals news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Commodity Chemicals updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Commodity Chemicals industry trend, growth prospects and risks.

Commodity Chemicals Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Commodity Chemicals industry US.COMCHEMICALS 647.04 0.5 0 -0.61365 57.6042 0.00386 0.07025 0.01189 0.01742

Commodity Chemicals Industry News

Commodity Chemicals Industry Analysis

MacroVar monitors the performance, risk, trend and momentum of the Commodity Chemicals industry by examining the stock and credit performance of major Commodity Chemicals companies across the US, Europe, Eastern Europe and Asia Pacific. Commodity Chemicals Stock performance is monitored by analyzing STOXX equity indices of major Commodity Chemicals companies while Commodity Chemicals credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Commodity Chemicals high yield corporate bond market.

MacroVar also monitors fundamental indicators closely linked to the Commodity Chemicals sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Commodity Chemicals industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Commodity Chemicals momentum, Commodity Chemicals trend, Commodity Chemicals oscillator, Commodity Chemicals RSI and Commodity Chemicals returns.

Commodity Chemicals description

The Commodity Chemicals subsector includes companies engaged in the production and distribution of simple chemical products that are primarily used to formulate more complex chemicals or products, including plastics and rubber in their raw form, fiberglass and synthetic fibers.

Commodity Chemicals Momentum

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

Commodity Chemicals trend

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

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

Commodity Chemicals oscillator

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

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

Commodity Chemicals 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 Commodity Chemicals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringCommodity Chemicals 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.

Commodity Chemicals returns

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

Commodity Chemicals returns = (Commodity Chemicals Closing Price – Commodity Chemicals Previous Price)/(Commodity Chemicals Previous Price)

Commodity Chemicals Industry

Monitor and predict the growth prospects and potential risks of the Commodity Chemicals industry by examining the financial and macroeconomic factors affecting it and the latest Commodity Chemicals news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Commodity Chemicals updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Commodity Chemicals industry trend, growth prospects and risks.

Commodity Chemicals Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Commodity Chemicals industry US.COMCHEMICALS 647.04 0.5 0 -0.61365 57.6042 0.00386 0.07025 0.01189 0.01742

Commodity Chemicals Industry News

Commodity Chemicals Industry Analysis

MacroVar monitors the performance, risk, trend and momentum of the Commodity Chemicals industry by examining the stock and credit performance of major Commodity Chemicals companies across the US, Europe, Eastern Europe and Asia Pacific. Commodity Chemicals Stock performance is monitored by analyzing STOXX equity indices of major Commodity Chemicals companies while Commodity Chemicals credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Commodity Chemicals high yield corporate bond market.

MacroVar also monitors fundamental indicators closely linked to the Commodity Chemicals sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Commodity Chemicals industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Commodity Chemicals momentum, Commodity Chemicals trend, Commodity Chemicals oscillator, Commodity Chemicals RSI and Commodity Chemicals returns.

Commodity Chemicals description

The Commodity Chemicals subsector includes companies engaged in the production and distribution of simple chemical products that are primarily used to formulate more complex chemicals or products, including plastics and rubber in their raw form, fiberglass and synthetic fibers.

Commodity Chemicals Momentum

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

Commodity Chemicals trend

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

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

Commodity Chemicals oscillator

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

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

Commodity Chemicals 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 Commodity Chemicals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringCommodity Chemicals 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.

Commodity Chemicals returns

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

Commodity Chemicals returns = (Commodity Chemicals Closing Price – Commodity Chemicals Previous Price)/(Commodity Chemicals Previous Price)

Commodity Chemicals Industry

Monitor and predict the growth prospects and potential risks of the Commodity Chemicals industry by examining the financial and macroeconomic factors affecting it and the latest Commodity Chemicals news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Commodity Chemicals updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Commodity Chemicals industry trend, growth prospects and risks.

Commodity Chemicals Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Commodity Chemicals industry US.COMCHEMICALS 647.04 0.5 0 -0.61365 57.6042 0.00386 0.07025 0.01189 0.01742

Commodity Chemicals Industry News

Commodity Chemicals Industry Analysis

MacroVar monitors the performance, risk, trend and momentum of the Commodity Chemicals industry by examining the stock and credit performance of major Commodity Chemicals companies across the US, Europe, Eastern Europe and Asia Pacific. Commodity Chemicals Stock performance is monitored by analyzing STOXX equity indices of major Commodity Chemicals companies while Commodity Chemicals credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Commodity Chemicals high yield corporate bond market.

MacroVar also monitors fundamental indicators closely linked to the Commodity Chemicals sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Commodity Chemicals industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Commodity Chemicals momentum, Commodity Chemicals trend, Commodity Chemicals oscillator, Commodity Chemicals RSI and Commodity Chemicals returns.

Commodity Chemicals description

The Commodity Chemicals subsector includes companies engaged in the production and distribution of simple chemical products that are primarily used to formulate more complex chemicals or products, including plastics and rubber in their raw form, fiberglass and synthetic fibers.

Commodity Chemicals Momentum

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

Commodity Chemicals trend

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

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

Commodity Chemicals oscillator

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

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

Commodity Chemicals 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 Commodity Chemicals is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringCommodity Chemicals 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.

Commodity Chemicals returns

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

Commodity Chemicals returns = (Commodity Chemicals Closing Price – Commodity Chemicals Previous Price)/(Commodity Chemicals Previous Price)