Baltic Clean Tanker Index (BAIT)

Baltic Clean Tanker Index closed up by 1.55% to 460.0 on 23 January 2021 and +1.77% on a weekly basis. Baltic Clean Tanker Index momentum was last calculated at +100.0/100 indicating positive momentum. Baltic Clean Tanker Index trend is +50.0/100 indicating a positive trend. Baltic Clean Tanker Index momentum exhaustion is -0.41807 indicating Baltic Clean Tanker Index is oversold.Baltic Clean Tanker Index RSI is 70.8651 .

Baltic Clean Tanker Index Chart

Baltic Clean Tanker Index

Baltic Clean Tanker Index Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Baltic Clean Tanker IndexBAIT46010.5-0.4180770.86511.551.77-4.96-0.53445

Baltic Clean Tanker Index closed at 460.0 on 23 January 2021. Baltic Clean Tanker Index trend was last calculated at +50.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Baltic Clean Tanker Index momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Baltic Clean Tanker Index momentum exhaustion is -0.41807 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Baltic Clean Tanker Index is oversold and a possible reversal is imminent. Baltic Clean Tanker Index RSI was last calculated at 70.8651. Baltic Clean Tanker Index moving averages were last recorded as follows: 1-month moving average: 403.35 in an uptrend , 1-quarter moving average: 362.317 in an uptrend and 1-year moving average: 590.151 in a downtrend. Baltic Clean Tanker Index annual return was last recorded at None%, daily return was last recorded at 1.55%, and weekly return was last recorded at 1.77%. Baltic Clean Tanker Index histrorical 20-day volatility was last recorded at 58.0478%, Baltic Clean Tanker Index alpha None, Baltic Clean Tanker Index beta None and Baltic Clean Tanker Index maximum drawdown was recorded at None%. MacroVar models monitor Baltic Clean Tanker Index statistics based on historical data since 1970.

Baltic Clean Tanker Index Factors

Baltic Clean Tanker Index

FactorSymbolLast ValuePredicted ValueR2MacroVar Signal

Baltic Clean Tanker Index Trading Signals

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

Baltic Clean Tanker 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.

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

Baltic Clean Tanker Index trend

Baltic Clean Tanker Index trend signal ranges from -100 to +100. Baltic Clean Tanker 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 Clean Tanker Index Closing price vs Baltic Clean Tanker Index moving average (MA) calculation: If Baltic Clean Tanker Index is greater than Baltic Clean Tanker Index MA value is +1, else -1, 2. Baltic Clean Tanker Index Moving average slope calculation: if current Baltic Clean Tanker Index moving average is higher than the previous MA, Baltic Clean Tanker Index upward slope +1, else -1
Baltic Clean Tanker Index trend model can be used as a trend strength indicator. Baltic Clean Tanker 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 Clean Tanker Index trend strength indicator moves from positive to negative value or vice-versa.

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

Baltic Clean Tanker Index oscillator

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

Baltic Clean Tanker Index oversold conditions
Baltic Clean Tanker Index is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Baltic Clean Tanker Index is oversold it is often due for a rebound. Values of the Baltic Clean Tanker Index oscillator lower than -2.5 signify oversold conditions. It must be noted that the Baltic Clean Tanker Index oscillator must be analyzed ibn conjunction with the rest of Baltic Clean Tanker 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 Clean Tanker Index RSI.
Baltic Clean Tanker Index overbought conditions
Baltic Clean Tanker Index is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Baltic Clean Tanker Index is overbought it is often due for a correction. Values of the Baltic Clean Tanker 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 Clean Tanker 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 Clean Tanker 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 Clean Tanker Index is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Baltic Clean Tanker 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 Clean Tanker Index returns

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

Baltic Clean Tanker Index returns = (Baltic Clean Tanker Index Closing Price – Baltic Clean Tanker Index Previous Price)/(Baltic Clean Tanker Index Previous Price)

Baltic Clean Tanker Index Trading Signals

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

Baltic Clean Tanker 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.

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

Baltic Clean Tanker Index trend

Baltic Clean Tanker Index trend signal ranges from -100 to +100. Baltic Clean Tanker 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 Clean Tanker Index Closing price vs Baltic Clean Tanker Index moving average (MA) calculation: If Baltic Clean Tanker Index is greater than Baltic Clean Tanker Index MA value is +1, else -1, 2. Baltic Clean Tanker Index Moving average slope calculation: if current Baltic Clean Tanker Index moving average is higher than the previous MA, Baltic Clean Tanker Index upward slope +1, else -1
Baltic Clean Tanker Index trend model can be used as a trend strength indicator. Baltic Clean Tanker 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 Clean Tanker Index trend strength indicator moves from positive to negative value or vice-versa.

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

Baltic Clean Tanker Index oscillator

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

Baltic Clean Tanker Index oversold conditions
Baltic Clean Tanker Index is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Baltic Clean Tanker Index is oversold it is often due for a rebound. Values of the Baltic Clean Tanker Index oscillator lower than -2.5 signify oversold conditions. It must be noted that the Baltic Clean Tanker Index oscillator must be analyzed ibn conjunction with the rest of Baltic Clean Tanker 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 Clean Tanker Index RSI.
Baltic Clean Tanker Index overbought conditions
Baltic Clean Tanker Index is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Baltic Clean Tanker Index is overbought it is often due for a correction. Values of the Baltic Clean Tanker 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 Clean Tanker 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 Clean Tanker 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 Clean Tanker Index is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Baltic Clean Tanker 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 Clean Tanker Index returns

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

Baltic Clean Tanker Index returns = (Baltic Clean Tanker Index Closing Price – Baltic Clean Tanker Index Previous Price)/(Baltic Clean Tanker Index Previous Price)

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