Live Cattle

Live Cattle closed down by -0.99% to 120.05 on 23 January 2021 and +-2.48% on a weekly basis. Live Cattle momentum was last calculated at +100.0/100 indicating positive momentum. Live Cattle trend is +75.0/100 indicating a positive trend. Live Cattle momentum exhaustion is 1.02989 indicating Live Cattle is oversold.Live Cattle RSI is 67.0466 .

Live Cattle Chart

Live Cattle

Live Cattle Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Live CattleLE120.0510.751.0298967.0466-0.99-2.481.31-0.0901

Live Cattle closed at 120.05 on 23 January 2021. Live Cattle trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Live Cattle momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Live Cattle momentum exhaustion is 1.02989 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Live Cattle is oversold and a possible reversal is imminent. Live Cattle RSI was last calculated at 67.0466. Live Cattle moving averages were last recorded as follows: 1-month moving average: 110.573 in an uptrend , 1-quarter moving average: 109.139 in an uptrend and 1-year moving average: 105.069 in a downtrend. Live Cattle annual return was last recorded at None%, daily return was last recorded at -0.99%, and weekly return was last recorded at -2.48%. Live Cattle histrorical 20-day volatility was last recorded at 15.4783%, Live Cattle alpha None, Live Cattle beta None and Live Cattle maximum drawdown was recorded at None%. MacroVar models monitor Live Cattle statistics based on historical data since 1970.

Live Cattle Trading Signals

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

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

Live Cattle Trend

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

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

Live Cattle Oscillator

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

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

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

Live Cattle Returns

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

Live Cattle returns = (Live Cattle Closing Price Previous Price)/(Live Cattle Previous Price)

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