China Coastal Bulk Freight Index CBFI

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China Coastal Bulk Freight Index CBFI Chart

China Coastal Bulk Freight Index CBFI

China Coastal Bulk Freight Index CBFI Statistics

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China Coastal Bulk Freight Index CBFI Trading Signals

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

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

China Coastal Bulk Freight Index CBFI Trend

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

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

China Coastal Bulk Freight Index CBFI Oscillator

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

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

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

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

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