CRB Industrials

CRB Industrials closed up by 0.44% to 613.71 on 23 January 2021 and +1.92% on a weekly basis. CRB Industrials momentum was last calculated at +50.0/100 indicating positive momentum. CRB Industrials trend is +100.0/100 indicating a positive trend. CRB Industrials momentum exhaustion is 2.37441 indicating CRB Industrials is oversold.CRB Industrials RSI is 80.7204 .

CRB Industrials Chart

CRB Industrials

CRB Industrials Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
CRB IndustrialsCRBRI613.710.512.3744180.72040.441.927.810.12869

CRB Industrials closed at 613.71 on 23 January 2021. CRB Industrials trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. CRB Industrials momentum was last calculated at +50.0/100 (range: -100 to +100) indicating positive momentum. CRB Industrials momentum exhaustion is 2.37441 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating CRB Industrials is oversold and a possible reversal is imminent. CRB Industrials RSI was last calculated at 80.7204. CRB Industrials moving averages were last recorded as follows: 1-month moving average: 504.094 in an uptrend , 1-quarter moving average: 483.1 in an uptrend and 1-year moving average: 447.992 in an uptrend. CRB Industrials annual return was last recorded at None%, daily return was last recorded at 0.44%, and weekly return was last recorded at 1.92%. CRB Industrials histrorical 20-day volatility was last recorded at 8.15099%, CRB Industrials alpha None, CRB Industrials beta None and CRB Industrials maximum drawdown was recorded at None%. MacroVar models monitor CRB Industrials statistics based on historical data since 1970.

CRB Industrials Trading Signals

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

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

CRB Industrials Trend

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

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

CRB Industrials Oscillator

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

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

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

CRB Industrials returns = (CRB Industrials Closing Price Previous Price)/(CRB Industrials Previous Price)

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