China Containerized Freight Index CCFI

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China Containerized Freight Index CCFI Chart

China Containerized Freight Index CCFI

China Containerized Freight Index CCFI Statistics

IndicatorActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate

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China Containerized Freight Index CCFI Trading Signals

MacroVar estimates the following signals: China Containerized Freight Index CCFI momentum, China Containerized Freight Index CCFI trend, China Containerized Freight Index CCFI oscillator, China Containerized Freight Index CCFI RSI and China Containerized Freight Index CCFI returns.

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

China Containerized Freight Index CCFI Trend

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

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

China Containerized Freight Index CCFI Oscillator

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

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

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

China Containerized Freight Index CCFI returns = (China Containerized Freight Index CCFI Closing Price Previous Price)/(China Containerized Freight Index CCFI Previous Price)

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