Shanghai Containerized Freight Index SCFI

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Shanghai Containerized Freight Index SCFI Chart

Shanghai Containerized Freight Index SCFI

Shanghai Containerized Freight Index SCFI Statistics

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Shanghai Containerized Freight Index (SCFI) Trading Signals

MacroVar estimates the following signals: Shanghai Containerized Freight Index (SCFI) momentum, Shanghai Containerized Freight Index (SCFI) trend, Shanghai Containerized Freight Index (SCFI) oscillator, Shanghai Containerized Freight Index (SCFI) RSI and Shanghai Containerized Freight Index (SCFI) returns.

Shanghai Containerized Freight Index (SCFI) 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 Shanghai Containerized Freight Index (SCFI) momentum signal ranges from -100 to +100. The Shanghai Containerized Freight Index (SCFI) 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. Shanghai Containerized Freight Index (SCFI) 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. Shanghai Containerized Freight Index (SCFI) BADI momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Shanghai Containerized Freight Index (SCFI) momentum signal moves from positive to negative value or vice-versa.

Shanghai Containerized Freight Index (SCFI) Trend

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

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

Shanghai Containerized Freight Index (SCFI) Oscillator

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

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

Shanghai Containerized Freight Index (SCFI) 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 Shanghai Containerized Freight Index (SCFI) is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Shanghai Containerized Freight Index (SCFI) 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.

Shanghai Containerized Freight Index (SCFI) Returns

MacroVar calculates Shanghai Containerized Freight Index (SCFI) returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Shanghai Containerized Freight Index (SCFI) returns = (Shanghai Containerized Freight Index (SCFI) Closing Price Previous Price)/(Shanghai Containerized Freight Index (SCFI) Previous Price)

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