Rubber

Rubber closed up by 0.86% to 210.2 on 23 January 2021 and +-11.98% on a weekly basis. Rubber momentum was last calculated at +100.0/100 indicating positive momentum. Rubber trend is +100.0/100 indicating a positive trend. Rubber momentum exhaustion is 1.86811 indicating Rubber is oversold.Rubber RSI is 54.5855 .

Rubber Chart

Rubber

Rubber Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
RubberTRB210.2111.8681154.58550.86-11.98-6.160.52901

Rubber closed at 210.2 on 23 January 2021. Rubber trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Rubber momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Rubber momentum exhaustion is 1.86811 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Rubber is oversold and a possible reversal is imminent. Rubber RSI was last calculated at 54.5855. Rubber moving averages were last recorded as follows: 1-month moving average: 258.67 in an uptrend , 1-quarter moving average: 254.862 in an uptrend and 1-year moving average: 182.615 in an uptrend. Rubber annual return was last recorded at None%, daily return was last recorded at 0.86%, and weekly return was last recorded at -11.98%. Rubber histrorical 20-day volatility was last recorded at 74.1333%, Rubber alpha None, Rubber beta None and Rubber maximum drawdown was recorded at None%. MacroVar models monitor Rubber statistics based on historical data since 1970.

Rubber Trading Signals

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

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

Rubber Trend

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

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

Rubber Oscillator

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

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

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

Rubber Returns

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

Rubber returns = (Rubber Closing Price Previous Price)/(Rubber Previous Price)

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