Baltic Dirty Tanker Index (BAID)

Baltic Dirty Tanker Index closed up by 1.55% to 591.0 on 23 January 2021 and +-3.9% on a weekly basis. Baltic Dirty Tanker Index momentum was last calculated at +50.0/100 indicating positive momentum. Baltic Dirty Tanker Index trend is +50.0/100 indicating a positive trend. Baltic Dirty Tanker Index momentum exhaustion is -0.56733 indicating Baltic Dirty Tanker Index is oversold.Baltic Dirty Tanker Index RSI is 75.1636 .

Baltic Dirty Tanker Index (BAID) Chart

Baltic Dirty Tanker Index (BAID)

Baltic Dirty Tanker Index (BAID) Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Baltic Dirty Tanker IndexBAID5910.50.5-0.5673375.16361.55-3.9-2.15-0.65136

Baltic Dirty Tanker Index closed at 591.0 on 23 January 2021. Baltic Dirty Tanker Index trend was last calculated at +50.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Baltic Dirty Tanker Index momentum was last calculated at +50.0/100 (range: -100 to +100) indicating positive momentum. Baltic Dirty Tanker Index momentum exhaustion is -0.56733 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Baltic Dirty Tanker Index is oversold and a possible reversal is imminent. Baltic Dirty Tanker Index RSI was last calculated at 75.1636. Baltic Dirty Tanker Index moving averages were last recorded as follows: 1-month moving average: 463.8 in an uptrend , 1-quarter moving average: 437.167 in an uptrend and 1-year moving average: 720.337 in a downtrend. Baltic Dirty Tanker Index annual return was last recorded at None%, daily return was last recorded at 1.55%, and weekly return was last recorded at -3.9%. Baltic Dirty Tanker Index histrorical 20-day volatility was last recorded at 61.0559%, Baltic Dirty Tanker Index alpha None, Baltic Dirty Tanker Index beta None and Baltic Dirty Tanker Index maximum drawdown was recorded at None%. MacroVar models monitor Baltic Dirty Tanker Index statistics based on historical data since 1970.

Baltic Dirty Tanker Index Trading Signals

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

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

Baltic Dirty Tanker Index trend

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

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

Baltic Dirty Tanker Index oscillator

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

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

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

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

Baltic Dirty Tanker Index Trading Signals

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

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

Baltic Dirty Tanker Index trend

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

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

Baltic Dirty Tanker Index oscillator

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

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

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

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

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