Marine Transportation industry

Monitor and predict the growth prospects and potential risks of the Marine Transportation industry by examining the financial and macroeconomic factors affecting it and the latest Marine Transportation news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Marine Transportation 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 Marine Transportation industry trend, growth prospects and risks.

Marine Transportation industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Marine Transportation industry US.MARTRANSPORTATION 232.07 0.5 1 1.94276 59.6016 0.02108 -0.02606 0.05789 0.17284

Marine Transportation industry News

Marine Transportation industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Marine Transportation 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 Marine Transportation industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Marine Transportation momentum, Marine Transportation trend, Marine Transportation oscillator, Marine Transportation RSI and Marine Transportation returns.

Marine Transportation description

The Marine Transportation subsector includes companies providing on-water transportation for commercial markets, such as container shipping. Excludes ports, which are classified under Transportation Services, and shipbuilders, which are classified under Commercial Vehicles & Trucks

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

Marine Transportation trend

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

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

Marine Transportation oscillator

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

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

Marine Transportation 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 Marine Transportation is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringMarine Transportation 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.

Marine Transportation returns

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

Marine Transportation returns = (Marine Transportation Closing Price – Marine Transportation Previous Price)/(Marine Transportation Previous Price)

Marine Transportation industry

Monitor and predict the growth prospects and potential risks of the Marine Transportation industry by examining the financial and macroeconomic factors affecting it and the latest Marine Transportation news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Marine Transportation 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 Marine Transportation industry trend, growth prospects and risks.

Marine Transportation industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Marine Transportation industry US.MARTRANSPORTATION 232.07 0.5 1 1.94276 59.6016 0.02108 -0.02606 0.05789 0.17284

Marine Transportation industry News

Marine Transportation industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Marine Transportation 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 Marine Transportation industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Marine Transportation momentum, Marine Transportation trend, Marine Transportation oscillator, Marine Transportation RSI and Marine Transportation returns.

Marine Transportation description

The Marine Transportation subsector includes companies providing on-water transportation for commercial markets, such as container shipping. Excludes ports, which are classified under Transportation Services, and shipbuilders, which are classified under Commercial Vehicles & Trucks

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

Marine Transportation trend

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

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

Marine Transportation oscillator

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

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

Marine Transportation 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 Marine Transportation is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringMarine Transportation 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.

Marine Transportation returns

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

Marine Transportation returns = (Marine Transportation Closing Price – Marine Transportation Previous Price)/(Marine Transportation Previous Price)

Marine Transportation industry

Monitor and predict the growth prospects and potential risks of the Marine Transportation industry by examining the financial and macroeconomic factors affecting it and the latest Marine Transportation news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Marine Transportation 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 Marine Transportation industry trend, growth prospects and risks.

Marine Transportation industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Marine Transportation industry US.MARTRANSPORTATION 232.07 0.5 1 1.94276 59.6016 0.02108 -0.02606 0.05789 0.17284

Marine Transportation industry News

Marine Transportation industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Marine Transportation 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 Marine Transportation industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Marine Transportation momentum, Marine Transportation trend, Marine Transportation oscillator, Marine Transportation RSI and Marine Transportation returns.

Marine Transportation description

The Marine Transportation subsector includes companies providing on-water transportation for commercial markets, such as container shipping. Excludes ports, which are classified under Transportation Services, and shipbuilders, which are classified under Commercial Vehicles & Trucks

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

Marine Transportation trend

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

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

Marine Transportation oscillator

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

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

Marine Transportation 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 Marine Transportation is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringMarine Transportation 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.

Marine Transportation returns

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

Marine Transportation returns = (Marine Transportation Closing Price – Marine Transportation Previous Price)/(Marine Transportation Previous Price)

Marine Transportation industry

Monitor and predict the growth prospects and potential risks of the Marine Transportation industry by examining the financial and macroeconomic factors affecting it and the latest Marine Transportation news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Marine Transportation 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 Marine Transportation industry trend, growth prospects and risks.

Marine Transportation industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Marine Transportation industry US.MARTRANSPORTATION 232.07 0.5 1 1.94276 59.6016 0.02108 -0.02606 0.05789 0.17284

Marine Transportation industry News

Marine Transportation industry Analysis

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

MacroVar also monitors fundamental indicators closely linked to the Marine Transportation 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 Marine Transportation industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Marine Transportation momentum, Marine Transportation trend, Marine Transportation oscillator, Marine Transportation RSI and Marine Transportation returns.

Marine Transportation description

The Marine Transportation subsector includes companies providing on-water transportation for commercial markets, such as container shipping. Excludes ports, which are classified under Transportation Services, and shipbuilders, which are classified under Commercial Vehicles & Trucks

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

Marine Transportation trend

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

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

Marine Transportation oscillator

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

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

Marine Transportation 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 Marine Transportation is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringMarine Transportation 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.

Marine Transportation returns

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

Marine Transportation returns = (Marine Transportation Closing Price – Marine Transportation Previous Price)/(Marine Transportation Previous Price)