Baltic Panamax Index BPNI

Baltic Panamax Index closed down by -9.9% to 3577.0 on 23 January 2021 and +4.22% on a weekly basis. Baltic Panamax Index momentum was last calculated at +100.0/100 indicating positive momentum. Baltic Panamax Index trend is +100.0/100 indicating a positive trend. Baltic Panamax Index momentum exhaustion is 1.17977 indicating Baltic Panamax Index is oversold.Baltic Panamax Index RSI is 65.5847 .

Baltic Panamax Index BPNI Chart

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Date Value
03/12/2021 3.128,00
02/12/2021 3.030,00
01/12/2021 2.897,00
30/11/2021 2.811,00
29/11/2021 2.735,00
26/11/2021 2.621,00
25/11/2021 2.489,00
24/11/2021 2.378,00
23/11/2021 2.333,00
22/11/2021 2.291,00

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Baltic Panamax Index BPNI

Baltic Panamax Index BPNI Statistics

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Baltic Panamax Index BPNI 3577 1 1 1.17977 65.5847 -9.9 4.22 36.01 0.4995

Baltic Panamax Index closed at 3577.0 on 23 January 2021. Baltic Panamax Index trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Baltic Panamax Index momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Baltic Panamax Index momentum exhaustion is 1.17977 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Baltic Panamax Index is oversold and a possible reversal is imminent. Baltic Panamax Index RSI was last calculated at 65.5847. Baltic Panamax Index moving averages were last recorded as follows: 1-month moving average: 1402.1 in an uptrend , 1-quarter moving average: 1343.12 in an uptrend and 1-year moving average: 1106.25 in an uptrend. Baltic Panamax Index annual return was last recorded at None%, daily return was last recorded at -9.9%, and weekly return was last recorded at 4.22%. Baltic Panamax Index histrorical 20-day volatility was last recorded at 35.9091%, Baltic Panamax Index alpha None, Baltic Panamax Index beta None and Baltic Panamax Index maximum drawdown was recorded at None%. MacroVar models monitor Baltic Panamax Index statistics based on historical data since 1970.

Baltic Panamax Index Trading Signals

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

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

Baltic Panamax Index Trend

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

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

Baltic Panamax Index Oscillator

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

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

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

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

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