Rough Rice

Rough Rice closed up by 3.74% to 13.31 on 23 January 2021 and +1.22% on a weekly basis. Rough Rice momentum was last calculated at +100.0/100 indicating positive momentum. Rough Rice trend is +25.0/100 indicating a positive trend. Rough Rice momentum exhaustion is -0.47418 indicating Rough Rice is oversold.Rough Rice RSI is 59.9809 .

Rough Rice Chart

Rough Rice

Rough Rice Statistics

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Rough Rice RR 13.31 1 0.25 -0.47418 59.9809 3.74 1.22 0.68 -0.00702

Rough Rice closed at 13.31 on 23 January 2021. Rough Rice trend was last calculated at +25.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Rough Rice momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Rough Rice momentum exhaustion is -0.47418 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Rough Rice is oversold and a possible reversal is imminent. Rough Rice RSI was last calculated at 59.9809. Rough Rice moving averages were last recorded as follows: 1-month moving average: 12.3751 in an uptrend , 1-quarter moving average: 12.386 in an uptrend and 1-year moving average: 13.6059 in a downtrend. Rough Rice annual return was last recorded at None%, daily return was last recorded at 3.74%, and weekly return was last recorded at 1.22%. Rough Rice histrorical 20-day volatility was last recorded at 22.0353%, Rough Rice alpha None, Rough Rice beta None and Rough Rice maximum drawdown was recorded at None%. MacroVar models monitor Rough Rice statistics based on historical data since 1970.

Rough Rice Trading Signals

MacroVar estimates the following signals: Rough Rice momentum, Rough Rice trend, Rough Rice oscillator, Rough Rice RSI and Rough Rice returns.

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

Rough Rice Trend

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

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

Rough Rice Oscillator

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

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

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

Rough Rice Returns

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

Rough Rice returns = (Rough Rice Closing Price Previous Price)/(Rough Rice Previous Price)

Feedback
Feedback
How would you rate your experience?
Do you have any additional comment?
Next
Enter your email if you'd like us to contact you regarding with your feedback.
Back
Submit
Thank you for submitting your feedback!