Feeder Cattle GF

Feeder Cattle closed down by -2.08% to 155.52 on 23 January 2021 and +0.27% on a weekly basis. Feeder Cattle momentum was last calculated at -100.0/100 indicating negative momentum. Feeder Cattle trend is -50.0/100 indicating a negative trend. Feeder Cattle momentum exhaustion is 0.14334 indicating Feeder Cattle is oversold.Feeder Cattle RSI is 36.1283 .

Feeder Cattle GF Chart

Feeder Cattle GF

Feeder Cattle GF Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Feeder CattleGF155.52-1-0.50.1433436.1283-2.080.2716.19-0.07592

Feeder Cattle closed at 155.52 on 23 January 2021. Feeder Cattle trend was last calculated at -50.0/100 (range: -100 to +100) indicating a negative trend based on MacroVar models. Feeder Cattle momentum was last calculated at -100.0/100 (range: -100 to +100) indicating negative momentum. Feeder Cattle momentum exhaustion is 0.14334 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Feeder Cattle is oversold and a possible reversal is imminent. Feeder Cattle RSI was last calculated at 36.1283. Feeder Cattle moving averages were last recorded as follows: 1-month moving average: 139.277 in a downtrend , 1-quarter moving average: 136.913 in a downtrend and 1-year moving average: 134.472 in a downtrend. Feeder Cattle annual return was last recorded at None%, daily return was last recorded at -2.08%, and weekly return was last recorded at 0.27%. Feeder Cattle histrorical 20-day volatility was last recorded at 10.6035%, Feeder Cattle alpha None, Feeder Cattle beta None and Feeder Cattle maximum drawdown was recorded at None%. MacroVar models monitor Feeder Cattle statistics based on historical data since 1970.

Feeder Cattle GF Trading Signals

MacroVar estimates the following signals: Feeder Cattle GF momentum, Feeder Cattle GF trend, Feeder Cattle GF oscillator, Feeder Cattle GF RSI and Feeder Cattle GF returns.

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

Feeder Cattle GF Trend

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

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

Feeder Cattle GF Oscillator

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

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

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

Feeder Cattle GF Returns

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

Feeder Cattle GF returns = (Feeder Cattle GF Closing Price Previous Price)/(Feeder Cattle GF Previous Price)

Feedback
Feedback
How would you rate your experience?
Do you have any additional comment?
Next
Enter your email if you'd like us to contact you regarding with your feedback.
Back
Submit
Thank you for submitting your feedback!