China Coastal Bulk Coal Freight Index CBCF

China Coastal Bulk (Coal) Freight Index closed up by 14.85% to 977.36 on 23 January 2021 and +2.02% on a weekly basis. China Coastal Bulk (Coal) Freight Index momentum was last calculated at +100.0/100 indicating positive momentum. China Coastal Bulk (Coal) Freight Index trend is +100.0/100 indicating a positive trend. China Coastal Bulk (Coal) Freight Index momentum exhaustion is 2.67662 indicating China Coastal Bulk (Coal) Freight Index is overbought.China Coastal Bulk (Coal) Freight Index RSI is 69.849 .

China Coastal Bulk Coal Freight Index CBCF Chart

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China Coastal Bulk Coal Freight Index CBCF

China Coastal Bulk Coal Freight Index CBCF Statistics

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update

China Coastal Bulk (Coal) Freight Index closed at 977.36 on 23 January 2021. China Coastal Bulk (Coal) Freight Index trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. China Coastal Bulk (Coal) Freight Index momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. China Coastal Bulk (Coal) Freight Index momentum exhaustion is 2.67662 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating China Coastal Bulk (Coal) Freight Index is overbought and a possible reversal is imminent. China Coastal Bulk (Coal) Freight Index RSI was last calculated at 69.849. China Coastal Bulk (Coal) Freight Index moving averages were last recorded as follows: 1-month moving average: 1235.71 in an uptrend , 1-quarter moving average: 969.896 in an uptrend and 1-year moving average: 700.544 in an uptrend. China Coastal Bulk (Coal) Freight Index annual return was last recorded at None%, daily return was last recorded at 14.85%, and weekly return was last recorded at 2.02%. China Coastal Bulk (Coal) Freight Index histrorical 20-day volatility was last recorded at 35.1235%, China Coastal Bulk (Coal) Freight Index alpha None, China Coastal Bulk (Coal) Freight Index beta None and China Coastal Bulk (Coal) Freight Index maximum drawdown was recorded at None%. MacroVar models monitor China Coastal Bulk (Coal) Freight Index statistics based on historical data since 1970.

China Coastal Bulk Coal Freight Index CBCF Trading Signals

MacroVar estimates the following signals: China Coastal Bulk Coal Freight Index CBCF momentum, China Coastal Bulk Coal Freight Index CBCF trend, China Coastal Bulk Coal Freight Index CBCF oscillator, China Coastal Bulk Coal Freight Index CBCF RSI and China Coastal Bulk Coal Freight Index CBCF returns.

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

China Coastal Bulk Coal Freight Index CBCF Trend

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

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

China Coastal Bulk Coal Freight Index CBCF Oscillator

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

China Coastal Bulk Coal Freight Index CBCF oversold conditions
China Coastal Bulk Coal Freight Index CBCF is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the China Coastal Bulk Coal Freight Index CBCF is oversold it is often due for a rebound. Values of the China Coastal Bulk Coal Freight Index CBCF oscillator lower than -2.5 signify oversold conditions. It must be noted that the China Coastal Bulk Coal Freight Index CBCF oscillator must be analyzed ibn conjunction with the rest of China Coastal Bulk Coal Freight Index CBCF 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 China Coastal Bulk Coal Freight Index CBCF RSI.
China Coastal Bulk Coal Freight Index CBCF overbought conditions
China Coastal Bulk Coal Freight Index CBCF is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the China Coastal Bulk Coal Freight Index CBCF is overbought it is often due for a correction. Values of the China Coastal Bulk Coal Freight Index CBCF oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the China Coastal Bulk Coal Freight Index CBCF 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.

China Coastal Bulk Coal Freight Index CBCF 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 China Coastal Bulk Coal Freight Index CBCF is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During China Coastal Bulk Coal Freight Index CBCF 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.

China Coastal Bulk Coal Freight Index CBCF Returns

MacroVar calculates China Coastal Bulk Coal Freight Index CBCF returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

China Coastal Bulk Coal Freight Index CBCF returns = (China Coastal Bulk Coal Freight Index CBCF Closing Price Previous Price)/(China Coastal Bulk Coal Freight Index CBCF Previous Price)

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