Coking Coal Futures COAL

Coking Coal Futures closed up by 0.99% to 1627.5 on 23 January 2021 and +-5.71% on a weekly basis. Coking Coal Futures momentum was last calculated at +100.0/100 indicating positive momentum. Coking Coal Futures trend is +100.0/100 indicating a positive trend. Coking Coal Futures momentum exhaustion is 3.09196 indicating Coking Coal Futures is overbought.Coking Coal Futures RSI is 60.9731 .

Coking Coal Futures COAL Chart

Coking Coal Futures COAL

Coking Coal Futures COAL Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Coking Coal FuturesCOAL1627.5113.0919660.97310.99-5.716.440.33555

Coking Coal Futures closed at 1627.5 on 23 January 2021. Coking Coal Futures trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Coking Coal Futures momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Coking Coal Futures 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 Coking Coal Futures is overbought and a possible reversal is imminent. Coking Coal Futures RSI was last calculated at 60.9731. Coking Coal Futures 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. Coking Coal Futures annual return was last recorded at None%, daily return was last recorded at 0.99%, and weekly return was last recorded at -5.71%. Coking Coal Futures histrorical 20-day volatility was last recorded at 35.7291%, Coking Coal Futures alpha None, Coking Coal Futures beta None and Coking Coal Futures maximum drawdown was recorded at None%. MacroVar models monitor Coking Coal Futures statistics based on historical data since 1970.

Coking Coal Futures Trading Signals

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

Coking Coal Futures 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 Coking Coal Futures momentum signal ranges from -100 to +100. The Coking Coal Futures 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. Coking Coal Futures 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. Coking Coal Futures BADI momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Coking Coal Futures momentum signal moves from positive to negative value or vice-versa.

Coking Coal Futures Trend

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

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

Coking Coal Futures Oscillator

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

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

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

Coking Coal Futures Returns

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

Coking Coal Futures returns = (Coking Coal Futures Closing Price Previous Price)/(Coking Coal Futures Previous Price)

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