CRB Livestock index

CRB Livestock index closed down by -0.91% to 658.47 on 23 January 2021 and +-2.7% on a weekly basis. CRB Livestock index momentum was last calculated at +100.0/100 indicating positive momentum. CRB Livestock index trend is +100.0/100 indicating a positive trend. CRB Livestock index momentum exhaustion is 1.29807 indicating CRB Livestock index is oversold.CRB Livestock index RSI is 58.291 .

CRB Livestock index Chart

CRB Livestock index

CRB Livestock index Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
CRB Livestock indexcrb-livestock658.47111.2980758.291-0.91-2.714.710.11247

CRB Livestock index closed at 658.47 on 23 January 2021. CRB Livestock index trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. CRB Livestock index momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. CRB Livestock index momentum exhaustion is 1.29807 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating CRB Livestock index is oversold and a possible reversal is imminent. CRB Livestock index RSI was last calculated at 58.291. CRB Livestock index moving averages were last recorded as follows: 1-month moving average: 427.641 in an uptrend , 1-quarter moving average: 422.163 in an uptrend and 1-year moving average: 379.172 in an uptrend. CRB Livestock index annual return was last recorded at None%, daily return was last recorded at -0.91%, and weekly return was last recorded at -2.7%. CRB Livestock index histrorical 20-day volatility was last recorded at 8.51091%, CRB Livestock index alpha None, CRB Livestock index beta None and CRB Livestock index maximum drawdown was recorded at None%. MacroVar models monitor CRB Livestock index statistics based on historical data since 1970.

CRB Livestock index Trading Signals

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

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

CRB Livestock index Trend

CRB Livestock index trend signal ranges from -100 to +100. CRB Livestock 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 Livestock index Closing price vs CRB Livestock index moving average (MA) calculation: If CRB Livestock index is greater than CRB Livestock index MA value is +1, else -1, 2. CRB Livestock index Moving average slope calculation: if current CRB Livestock index moving average is higher than the previous MA, CRB Livestock index upward slope +1, else -1
CRB Livestock index trend model can be used as a trend strength indicator. CRB Livestock 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 Livestock index trend strength indicator moves from positive to negative value or vice-versa.

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

CRB Livestock index Oscillator

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

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

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

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

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