S&P GSCI All Cattle index

S&P GSCI All Cattle index closed down by -1.33% to 430.23 on 23 January 2021 and +2.72% on a weekly basis. S&P GSCI All Cattle index momentum was last calculated at +50.0/100 indicating positive momentum. S&P GSCI All Cattle index trend is +75.0/100 indicating a positive trend. S&P GSCI All Cattle index momentum exhaustion is 0.81209 indicating S&P GSCI All Cattle index is oversold.S&P GSCI All Cattle index RSI is 56.5939 .

S&P GSCI All Cattle index Chart

S&P GSCI All Cattle index

S&P GSCI All Cattle index Statistics

S&P GSCI All Cattle index closed at 430.23 on 23 January 2021. S&P GSCI All Cattle index trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. S&P GSCI All Cattle index momentum was last calculated at +50.0/100 (range: -100 to +100) indicating positive momentum. S&P GSCI All Cattle index momentum exhaustion is 0.81209 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating S&P GSCI All Cattle index is oversold and a possible reversal is imminent. S&P GSCI All Cattle index RSI was last calculated at 56.5939. S&P GSCI All Cattle index moving averages were last recorded as follows: 1-month moving average: 389.868 in an uptrend , 1-quarter moving average: 381.349 in an uptrend and 1-year moving average: 366.367 in a downtrend. S&P GSCI All Cattle index annual return was last recorded at None%, daily return was last recorded at -1.33%, and weekly return was last recorded at 2.72%. S&P GSCI All Cattle index histrorical 20-day volatility was last recorded at 11.3569%, S&P GSCI All Cattle index alpha None, S&P GSCI All Cattle index beta None and S&P GSCI All Cattle index maximum drawdown was recorded at None%. MacroVar models monitor S&P GSCI All Cattle index statistics based on historical data since 1970.

S&P GSCI All Cattle index Trading Signals

MacroVar estimates the following signals: S&P GSCI All Cattle index momentum, S&P GSCI All Cattle index trend, S&P GSCI All Cattle index oscillator, S&P GSCI All Cattle index RSI and S&P GSCI All Cattle index returns.

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

S&P GSCI All Cattle index Trend

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

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

S&P GSCI All Cattle index Oscillator

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

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

S&P GSCI All Cattle index 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 S&P GSCI All Cattle index is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During S&P GSCI All Cattle index 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.

S&P GSCI All Cattle index Returns

MacroVar calculates S&P GSCI All Cattle index returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

S&P GSCI All Cattle index returns = (S&P GSCI All Cattle index Closing Price Previous Price)/(S&P GSCI All Cattle index Previous Price)

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