GSCI Agriculture Index

GSCI Agriculture Index closed up by 4.61% to 412.13 on 23 January 2021 and +3.35% on a weekly basis. GSCI Agriculture Index momentum was last calculated at +100.0/100 indicating positive momentum. GSCI Agriculture Index trend is +100.0/100 indicating a positive trend. GSCI Agriculture Index momentum exhaustion is 2.89377 indicating GSCI Agriculture Index is overbought.GSCI Agriculture Index RSI is 80.5867 .

GSCI Agriculture Index Chart

GSCI Agriculture Index

GSCI Agriculture Index Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
GSCI Agriculture IndexGSCI.AGRICULTURE412.13112.8937780.58674.613.35-1.310.21737

GSCI Agriculture Index closed at 412.13 on 23 January 2021. GSCI Agriculture Index trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. GSCI Agriculture Index momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. GSCI Agriculture Index momentum exhaustion is 2.89377 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating GSCI Agriculture Index is overbought and a possible reversal is imminent. GSCI Agriculture Index RSI was last calculated at 80.5867. GSCI Agriculture Index moving averages were last recorded as follows: 1-month moving average: 342.551 in an uptrend , 1-quarter moving average: 331.72 in an uptrend and 1-year moving average: 291.275 in an uptrend. GSCI Agriculture Index annual return was last recorded at None%, daily return was last recorded at 4.61%, and weekly return was last recorded at 3.35%. GSCI Agriculture Index histrorical 20-day volatility was last recorded at 13.156%, GSCI Agriculture Index alpha None, GSCI Agriculture Index beta None and GSCI Agriculture Index maximum drawdown was recorded at None%. MacroVar models monitor GSCI Agriculture Index statistics based on historical data since 1970.

GSCI Agriculture Index Trading Signals

MacroVar estimates the following signals: GSCI Agriculture Index momentum, GSCI Agriculture Index trend, GSCI Agriculture Index oscillator, GSCI Agriculture Index RSI and GSCI Agriculture Index returns.

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

GSCI Agriculture Index Trend

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

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

GSCI Agriculture Index Oscillator

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

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

GSCI Agriculture 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 GSCI Agriculture Index is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During GSCI Agriculture 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.

GSCI Agriculture Index Returns

MacroVar calculates GSCI Agriculture Index returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

GSCI Agriculture Index returns = (GSCI Agriculture Index Closing Price Previous Price)/(GSCI Agriculture Index Previous Price)

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