GSCI Energy Spot Index

GSCI Energy Spot Index closed down by -8.64% to 226.1 on 23 January 2021 and +-5.71% on a weekly basis. GSCI Energy Spot Index momentum was last calculated at +100.0/100 indicating positive momentum. GSCI Energy Spot Index trend is +75.0/100 indicating a positive trend. GSCI Energy Spot Index momentum exhaustion is 0.88068 indicating GSCI Energy Spot Index is oversold.GSCI Energy Spot Index RSI is 64.0312 .

GSCI Energy Spot Index Chart

GSCI Energy Spot Index

GSCI Energy Spot Index Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the GSCI Energy Spot Index. Click here to explore the financial factors monitored and their current signals.

Click here to explore the methodology used for estimating the GSCI Energy Spot Index trading signals presented in the GSCI Energy Spot Index statistics table.

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
GSCI Energy Spot IndexGSCI.ENERGY226.110.750.8806864.0312-8.64-5.719.6-0.20647

GSCI Energy Spot Index closed at 226.1 on 23 January 2021. GSCI Energy Spot Index trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. GSCI Energy Spot Index momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. GSCI Energy Spot Index momentum exhaustion is 0.88068 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating GSCI Energy Spot Index is oversold and a possible reversal is imminent. GSCI Energy Spot Index RSI was last calculated at 64.0312. GSCI Energy Spot Index moving averages were last recorded as follows: 1-month moving average: 160.436 in an uptrend , 1-quarter moving average: 147.274 in an uptrend and 1-year moving average: 137.511 in a downtrend. GSCI Energy Spot Index annual return was last recorded at None%, daily return was last recorded at -8.64%, and weekly return was last recorded at -5.71%. GSCI Energy Spot Index histrorical 20-day volatility was last recorded at 19.6312%, GSCI Energy Spot Index alpha None, GSCI Energy Spot Index beta None and GSCI Energy Spot Index maximum drawdown was recorded at None%. MacroVar models monitor GSCI Energy Spot Index statistics based on historical data since 1970.

GSCI Energy Spot Index Factors

GSCI Energy Spot Index

FactorSymbolLast ValuePredicted ValueR2MacroVar Signal
Global PMI Y/Y vs Energy Index Y/YENERGYINDEX.FACT.GLOBALPMI

GSCI Energy Spot Index Trading Signals

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

GSCI Energy Spot 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.

MacroVarGSCI Energy Spot Index momentum signal ranges from -100 to +100. The GSCI Energy Spot Index momentum signal is derived as the mean value from 4 calculations for the GSCI Energy Spot Index. 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 Energy Spot 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 Energy Spot Index momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when GSCI Energy Spot Index momentum signal moves from positive to negative value or vice-versa.

GSCI Energy Spot Index trend

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

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

GSCI Energy Spot Index oscillator

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

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

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

GSCI Energy Spot Index returns = (GSCI Energy Spot Index Closing Price – GSCI Energy Spot Index Previous Price)/(GSCI Energy Spot Index Previous Price)

GSCI Energy Spot Index Trading Signals

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

GSCI Energy Spot 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.

MacroVarGSCI Energy Spot Index momentum signal ranges from -100 to +100. The GSCI Energy Spot Index momentum signal is derived as the mean value from 4 calculations for the GSCI Energy Spot Index. 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 Energy Spot 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 Energy Spot Index momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when GSCI Energy Spot Index momentum signal moves from positive to negative value or vice-versa.

GSCI Energy Spot Index trend

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

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

GSCI Energy Spot Index oscillator

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

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

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

GSCI Energy Spot Index returns = (GSCI Energy Spot Index Closing Price – GSCI Energy Spot Index Previous Price)/(GSCI Energy Spot Index Previous Price)

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