Baltic Capesize Index BACI

Baltic Capesize Index closed down by -3.75% to 3513.0 on 23 January 2021 and +-7.14% on a weekly basis. Baltic Capesize Index momentum was last calculated at +50.0/100 indicating positive momentum. Baltic Capesize Index trend is +25.0/100 indicating a positive trend. Baltic Capesize Index momentum exhaustion is 0.5281 indicating Baltic Capesize Index is oversold.Baltic Capesize Index RSI is 73.4374 .

Baltic Capesize Index BACI Chart

Baltic Capesize Index BACI

Baltic Capesize Index BACI Statistics

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Baltic Capesize Index BACI 3513 0.5 0.25 0.5281 73.4374 -3.75 -7.14 -16.2 0.28919

Baltic Capesize Index closed at 3513.0 on 23 January 2021. Baltic Capesize Index trend was last calculated at +25.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Baltic Capesize Index momentum was last calculated at +50.0/100 (range: -100 to +100) indicating positive momentum. Baltic Capesize Index momentum exhaustion is 0.5281 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Baltic Capesize Index is oversold and a possible reversal is imminent. Baltic Capesize Index RSI was last calculated at 73.4374. Baltic Capesize Index moving averages were last recorded as follows: 1-month moving average: 1695.8 in an uptrend , 1-quarter moving average: 1920.0 in a downtrend and 1-year moving average: 1453.48 in an uptrend. Baltic Capesize Index annual return was last recorded at None%, daily return was last recorded at -3.75%, and weekly return was last recorded at -7.14%. Baltic Capesize Index histrorical 20-day volatility was last recorded at 72.3806%, Baltic Capesize Index alpha None, Baltic Capesize Index beta None and Baltic Capesize Index maximum drawdown was recorded at None%. MacroVar models monitor Baltic Capesize Index statistics based on historical data since 1970.

Baltic Capesize Index Trading Signals

MacroVar estimates the following signals: Baltic Capesize Index momentum, Baltic Capesize Index trend, Baltic Capesize Index oscillator, Baltic Capesize Index RSI and Baltic Capesize Index returns.

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

Baltic Capesize Index Trend

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

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

Baltic Capesize Index Oscillator

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

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

Baltic Capesize 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 Baltic Capesize Index is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Baltic Capesize 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.

Baltic Capesize Index Returns

MacroVar calculates Baltic Capesize Index returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Baltic Capesize Index returns = (Baltic Capesize Index Closing Price Previous Price)/(Baltic Capesize Index Previous Price)

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