Baltic Dry Handysize Index (BHSI)

Baltic Dry Handysize Index closed up by 2.83% to 1707.0 on 23 January 2021 and +18.95% on a weekly basis. Baltic Dry Handysize Index momentum was last calculated at +0.0/100 indicating positive momentum. Baltic Dry Handysize Index trend is +75.0/100 indicating a positive trend. Baltic Dry Handysize Index momentum exhaustion is 1.55995 indicating Baltic Dry Handysize Index is oversold.Baltic Dry Handysize Index RSI is 56.2488 .

Baltic Dry Handysize Index (BHSI) Chart

Baltic Dry Handysize Index (BHSI)

Baltic Dry Handysize Index (BHSI) Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Baltic Dry Handysize IndexBHSI170700.751.5599556.24882.8318.9556.320.42151

Baltic Dry Handysize Index closed at 1707.0 on 23 January 2021. Baltic Dry Handysize Index trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Baltic Dry Handysize Index momentum was last calculated at +0.0/100 (range: -100 to +100) indicating positive momentum. Baltic Dry Handysize Index momentum exhaustion is 1.55995 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Baltic Dry Handysize Index is oversold and a possible reversal is imminent. Baltic Dry Handysize Index RSI was last calculated at 56.2488. Baltic Dry Handysize Index moving averages were last recorded as follows: 1-month moving average: 669.6 in an uptrend , 1-quarter moving average: 624.25 in an uptrend and 1-year moving average: 447.512 in an uptrend. Baltic Dry Handysize Index annual return was last recorded at None%, daily return was last recorded at 2.83%, and weekly return was last recorded at 18.95%. Baltic Dry Handysize Index histrorical 20-day volatility was last recorded at 6.43888%, Baltic Dry Handysize Index alpha None, Baltic Dry Handysize Index beta None and Baltic Dry Handysize Index maximum drawdown was recorded at None%. MacroVar models monitor Baltic Dry Handysize Index statistics based on historical data since 1970.

Baltic Dry Handysize Index Trading Signals

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

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

Baltic Dry Handysize Index Trend

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

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

Baltic Dry Handysize Index Oscillator

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

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

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

Baltic Dry Handysize Index returns = (Baltic Dry Handysize Index Closing Price Previous Price)/(Baltic Dry Handysize Index Previous Price)

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