Lean Hogs closed down by -5.17% to 106.57 on 23 January 2021 and +-0.89% on a weekly basis. Lean Hogs momentum was last calculated at +50.0/100 indicating positive momentum. Lean Hogs trend is +75.0/100 indicating a positive trend. Lean Hogs momentum exhaustion is 1.20505 indicating Lean Hogs is oversold.Lean Hogs RSI is 69.6777 .
Lean Hogs closed at 106.57 on 23 January 2021. Lean Hogs trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Lean Hogs momentum was last calculated at +50.0/100 (range: -100 to +100) indicating positive momentum. Lean Hogs momentum exhaustion is 1.20505 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Lean Hogs is oversold and a possible reversal is imminent. Lean Hogs RSI was last calculated at 69.6777. Lean Hogs moving averages were last recorded as follows: 1-month moving average: 66.5175 in an uptrend , 1-quarter moving average: 67.011 in a downtrend and 1-year moving average: 59.5867 in an uptrend. Lean Hogs annual return was last recorded at None%, daily return was last recorded at -5.17%, and weekly return was last recorded at -0.89%. Lean Hogs histrorical 20-day volatility was last recorded at 20.3695%, Lean Hogs alpha None, Lean Hogs beta None and Lean Hogs maximum drawdown was recorded at None%. MacroVar models monitor Lean Hogs statistics based on historical data since 1970.
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 Lean Hogs momentum signal ranges from -100 to +100. The
Lean Hogs 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. Lean Hogs 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.
Lean Hogs BADI momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when
Lean Hogs momentum signal moves from positive to negative value or vice-versa.
Lean Hogs Trend
Lean Hogs trend signal ranges from -100 to +100. Lean Hogs 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. Lean Hogs Closing price vs
Lean Hogs moving average (MA) calculation: If
Lean Hogs is greater than Lean Hogs MA value is +1, else -1, 2. Lean Hogs Moving average slope calculation: if current
Lean Hogs moving average is higher than the previous MA,
Lean Hogs upward slope +1, else -1
Lean Hogs trend model can be used as a trend strength indicator.
Lean Hogs trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Lean Hogs trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The Lean Hogs 52-week simple moving average and its slope are the most important indicators defining a market’s trend.
Lean Hogs is in an uptrend when Lean Hogs price is higher than the 52-week moving average and the
Lean Hogs 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
Lean Hogs oscillator and Lean Hogs RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
Lean Hogs Oscillator
The Lean Hogs oscillator estimated by MacroVar is the z-score of the current
Lean Hogs price versus Lean Hogs 1-year simple moving average price. The formula for the
Lean Hogs oscillator is:
Lean Hogs oscillator = (Current Price – 250 trading days
Lean Hogs simple moving average price) / (250 days Lean Hogs price standard deviation)
Lean Hogs oversold conditions
Lean Hogs is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the
Lean Hogs is oversold it is often due for a rebound. Values of the
Lean Hogs oscillator lower than -2.5 signify oversold conditions. It must be noted that the
Lean Hogs oscillator must be analyzed ibn conjunction with the rest of
Lean Hogs 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
Lean Hogs RSI.
Lean Hogs overbought conditions
Lean Hogs is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the
Lean Hogs is overbought it is often due for a correction. Values of the
Lean Hogs oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the
Lean Hogs 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.
Lean Hogs 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 Lean Hogs is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During
Lean Hogs 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.
Lean Hogs Returns
MacroVar calculates Lean Hogs returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is: