CRB Foodstuffs index

CRB Foodstuffs index closed down by -0.62% to 488.72 on 23 January 2021 and +-0.67% on a weekly basis. CRB Foodstuffs index momentum was last calculated at +100.0/100 indicating positive momentum. CRB Foodstuffs index trend is +100.0/100 indicating a positive trend. CRB Foodstuffs index momentum exhaustion is 1.72497 indicating CRB Foodstuffs index is oversold.CRB Foodstuffs index RSI is 72.581 .

CRB Foodstuffs index Chart

CRB Foodstuffs index

CRB Foodstuffs index Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
CRB Foodstuffs indexcrb-foodstuffs488.72111.7249772.581-0.62-0.677.780.06585

CRB Foodstuffs index closed at 488.72 on 23 January 2021. CRB Foodstuffs index trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. CRB Foodstuffs index momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. CRB Foodstuffs index momentum exhaustion is 1.72497 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating CRB Foodstuffs index is oversold and a possible reversal is imminent. CRB Foodstuffs index RSI was last calculated at 72.581. CRB Foodstuffs index moving averages were last recorded as follows: 1-month moving average: 354.977 in an uptrend , 1-quarter moving average: 349.658 in an uptrend and 1-year moving average: 321.338 in an uptrend. CRB Foodstuffs index annual return was last recorded at None%, daily return was last recorded at -0.62%, and weekly return was last recorded at -0.67%. CRB Foodstuffs index histrorical 20-day volatility was last recorded at 6.02427%, CRB Foodstuffs index alpha None, CRB Foodstuffs index beta None and CRB Foodstuffs index maximum drawdown was recorded at None%. MacroVar models monitor CRB Foodstuffs index statistics based on historical data since 1970.

CRB Foodstuffs index Trading Signals

MacroVar estimates the following signals: CRB Foodstuffs index momentum, CRB Foodstuffs index trend, CRB Foodstuffs index oscillator, CRB Foodstuffs index RSI and CRB Foodstuffs index returns.

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

CRB Foodstuffs index Trend

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

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

CRB Foodstuffs index Oscillator

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

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

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

CRB Foodstuffs index Returns

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

CRB Foodstuffs index returns = (CRB Foodstuffs index Closing Price Previous Price)/(CRB Foodstuffs index Previous Price)

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