Orange Juice

Orange Juice closed up by 4.48% to 132.85 on 23 January 2021 and +13.35% on a weekly basis. Orange Juice momentum was last calculated at +100.0/100 indicating positive momentum. Orange Juice trend is +75.0/100 indicating a positive trend. Orange Juice momentum exhaustion is 1.08574 indicating Orange Juice is oversold.Orange Juice RSI is 58.3733 .

Orange Juice Chart

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Date Value
03/12/2021 121,35
02/12/2021 121,90
01/12/2021 121,20
30/11/2021 122,90
29/11/2021 125,25
26/11/2021 123,60
24/11/2021 128,45
23/11/2021 130,15
22/11/2021 130,35
19/11/2021 127,30

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Orange Juice

Orange Juice Statistics

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Orange Juice OJ 132.85 1 0.75 1.08574 58.3733 4.48 13.35 17.77 0.23414

Orange Juice closed at 132.85 on 23 January 2021. Orange Juice trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Orange Juice momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Orange Juice momentum exhaustion is 1.08574 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Orange Juice is oversold and a possible reversal is imminent. Orange Juice RSI was last calculated at 58.3733. Orange Juice moving averages were last recorded as follows: 1-month moving average: 120.607 in an uptrend , 1-quarter moving average: 120.152 in an uptrend and 1-year moving average: 114.528 in an uptrend. Orange Juice annual return was last recorded at None%, daily return was last recorded at 4.48%, and weekly return was last recorded at 13.35%. Orange Juice histrorical 20-day volatility was last recorded at 32.0553%, Orange Juice alpha None, Orange Juice beta None and Orange Juice maximum drawdown was recorded at None%. MacroVar models monitor Orange Juice statistics based on historical data since 1970.

Orange Juice Trading Signals

MacroVar estimates the following signals: Orange Juice momentum, Orange Juice trend, Orange Juice oscillator, Orange Juice RSI and Orange Juice returns.

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

Orange Juice Trend

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

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

Orange Juice Oscillator

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

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

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

Orange Juice Returns

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

Orange Juice returns = (Orange Juice Closing Price Previous Price)/(Orange Juice Previous Price)

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