GSCI Precious Metals Index

GSCI Precious Metals Index closed down by -0.38% to 2392.59 on 23 January 2021 and +1.15% on a weekly basis. GSCI Precious Metals Index momentum was last calculated at +100.0/100 indicating positive momentum. GSCI Precious Metals Index trend is +100.0/100 indicating a positive trend. GSCI Precious Metals Index momentum exhaustion is 0.92709 indicating GSCI Precious Metals Index is oversold.GSCI Precious Metals Index RSI is 60.0311 .

GSCI Precious Metals Index Chart

GSCI Precious Metals Index

GSCI Precious Metals Index Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
GSCI Precious Metals IndexGSCI.PRECIOUSMETALS2392.59110.9270960.0311-0.381.150.410.26117

GSCI Precious Metals Index closed at 2392.59 on 23 January 2021. GSCI Precious Metals Index trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. GSCI Precious Metals Index momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. GSCI Precious Metals Index momentum exhaustion is 0.92709 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating GSCI Precious Metals Index is oversold and a possible reversal is imminent. GSCI Precious Metals Index RSI was last calculated at 60.0311. GSCI Precious Metals Index moving averages were last recorded as follows: 1-month moving average: 2455.82 in an uptrend , 1-quarter moving average: 2462.11 in an uptrend and 1-year moving average: 2310.84 in an uptrend. GSCI Precious Metals Index annual return was last recorded at None%, daily return was last recorded at -0.38%, and weekly return was last recorded at 1.15%. GSCI Precious Metals Index histrorical 20-day volatility was last recorded at 13.7152%, GSCI Precious Metals Index alpha None, GSCI Precious Metals Index beta None and GSCI Precious Metals Index maximum drawdown was recorded at None%. MacroVar models monitor GSCI Precious Metals Index statistics based on historical data since 1970.

GSCI Precious Metals Index Trading Signals

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

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

GSCI Precious Metals Index Trend

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

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

GSCI Precious Metals Index Oscillator

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

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

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

GSCI Precious Metals Index returns = (GSCI Precious Metals Index Closing Price Previous Price)/(GSCI Precious Metals Index Previous Price)

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