Coal

Coal closed down by -9.23% to 1987.0 on 23 January 2021 and +-9.43% on a weekly basis. Coal momentum was last calculated at +100.0/100 indicating positive momentum. Coal trend is +100.0/100 indicating a positive trend. Coal momentum exhaustion is 3.09196 indicating Coal is overbought.Coal RSI is 60.9731 .

Coal Chart

Coal

Coal Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
CoalOY1987113.0919660.9731-9.23-9.4321.790.33555

Coal closed at 1987.0 on 23 January 2021. Coal trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Coal momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Coal momentum exhaustion is 3.09196 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Coal is overbought and a possible reversal is imminent. Coal RSI was last calculated at 60.9731. Coal moving averages were last recorded as follows: 1-month moving average: 1556.25 in an uptrend , 1-quarter moving average: 1435.32 in an uptrend and 1-year moving average: 1298.44 in an uptrend. Coal annual return was last recorded at None%, daily return was last recorded at -9.23%, and weekly return was last recorded at -9.43%. Coal histrorical 20-day volatility was last recorded at 35.7291%, Coal alpha None, Coal beta None and Coal maximum drawdown was recorded at None%. MacroVar models monitor Coal statistics based on historical data since 1970.

Coal Trading Signals


MacroVar estimates the following signals: Coal momentum, Coal trend, Coal oscillator, Coal RSI and Coal returns.

Coal 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.

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

Coal trend

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

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

Coal oscillator

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

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

Coal 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 Coal is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Coal 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.

Coal returns

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

Coal returns = (Coal Closing Price – Coal Previous Price)/(Coal Previous Price)
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