China Import Dry Bulk Freight Index CDFI

China Import Dry Bulk Freight Index (CDFI) closed up by 0.76% to 1554.89 on 23 January 2021 and +3.75% on a weekly basis. China Import Dry Bulk Freight Index (CDFI) momentum was last calculated at +50.0/100 indicating positive momentum. China Import Dry Bulk Freight Index (CDFI) trend is +25.0/100 indicating a positive trend. China Import Dry Bulk Freight Index (CDFI) momentum exhaustion is 1.08908 indicating China Import Dry Bulk Freight Index (CDFI) is oversold.China Import Dry Bulk Freight Index (CDFI) RSI is 69.3677 .

China Import Dry Bulk Freight Index CDFI Chart

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China Import Dry Bulk Freight Index CDFI

China Import Dry Bulk Freight Index CDFI CDFI Statistics

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

China Import Dry Bulk Freight Index (CDFI) closed at 1554.89 on 23 January 2021. China Import Dry Bulk Freight Index (CDFI) trend was last calculated at +25.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. China Import Dry Bulk Freight Index (CDFI) momentum was last calculated at +50.0/100 (range: -100 to +100) indicating positive momentum. China Import Dry Bulk Freight Index (CDFI) momentum exhaustion is 1.08908 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating China Import Dry Bulk Freight Index (CDFI) is oversold and a possible reversal is imminent. China Import Dry Bulk Freight Index (CDFI) RSI was last calculated at 69.3677. China Import Dry Bulk Freight Index (CDFI) moving averages were last recorded as follows: 1-month moving average: 849.039 in an uptrend , 1-quarter moving average: 819.193 in a downtrend and 1-year moving average: 768.94 in a downtrend. China Import Dry Bulk Freight Index (CDFI) annual return was last recorded at None%, daily return was last recorded at 0.76%, and weekly return was last recorded at 3.75%. China Import Dry Bulk Freight Index (CDFI) histrorical 20-day volatility was last recorded at 23.3542%, China Import Dry Bulk Freight Index (CDFI) alpha None, China Import Dry Bulk Freight Index (CDFI) beta None and China Import Dry Bulk Freight Index (CDFI) maximum drawdown was recorded at None%. MacroVar models monitor China Import Dry Bulk Freight Index (CDFI) statistics based on historical data since 1970.

China Import Dry Bulk Freight Index CDFI Trading Signals

MacroVar estimates the following signals: China Import Dry Bulk Freight Index CDFI momentum, China Import Dry Bulk Freight Index CDFI trend, China Import Dry Bulk Freight Index CDFI oscillator, China Import Dry Bulk Freight Index CDFI RSI and China Import Dry Bulk Freight Index CDFI returns.

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

China Import Dry Bulk Freight Index CDFI Trend

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

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

China Import Dry Bulk Freight Index CDFI Oscillator

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

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

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

China Import Dry Bulk Freight Index CDFI returns = (China Import Dry Bulk Freight Index CDFI Closing Price Previous Price)/(China Import Dry Bulk Freight Index CDFI Previous Price)

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