US Soybean Meal closed up by 1.96% to 369.8 on 23 January 2021 and +6.51% on a weekly basis. US Soybean Meal momentum was last calculated at +100.0/100 indicating positive momentum. US Soybean Meal trend is +100.0/100 indicating a positive trend. US Soybean Meal momentum exhaustion is 2.5953 indicating US Soybean Meal is overbought.US Soybean Meal RSI is 75.3028 .
US Soybean Meal closed at 369.8 on 23 January 2021. US Soybean Meal trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. US Soybean Meal momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. US Soybean Meal momentum exhaustion is 2.5953 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating US Soybean Meal is overbought and a possible reversal is imminent. US Soybean Meal RSI was last calculated at 75.3028. US Soybean Meal moving averages were last recorded as follows: 1-month moving average: 411.725 in an uptrend , 1-quarter moving average: 395.652 in an uptrend and 1-year moving average: 324.209 in an uptrend. US Soybean Meal annual return was last recorded at None%, daily return was last recorded at 1.96%, and weekly return was last recorded at 6.51%. US Soybean Meal histrorical 20-day volatility was last recorded at 18.6367%, US Soybean Meal alpha None, US Soybean Meal beta None and US Soybean Meal maximum drawdown was recorded at None%. MacroVar models monitor US Soybean Meal statistics based on historical data since 1970.
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 US Soybean Meal momentum signal ranges from -100 to +100. The
US Soybean Meal 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. US Soybean Meal 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.
US Soybean Meal BADI momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when
US Soybean Meal momentum signal moves from positive to negative value or vice-versa.
US Soybean Meal Trend
US Soybean Meal trend signal ranges from -100 to +100. US Soybean Meal 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. US Soybean Meal Closing price vs
US Soybean Meal moving average (MA) calculation: If
US Soybean Meal is greater than US Soybean Meal MA value is +1, else -1, 2. US Soybean Meal Moving average slope calculation: if current
US Soybean Meal moving average is higher than the previous MA,
US Soybean Meal upward slope +1, else -1
US Soybean Meal trend model can be used as a trend strength indicator.
US Soybean Meal trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when US Soybean Meal trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The US Soybean Meal 52-week simple moving average and its slope are the most important indicators defining a market’s trend.
US Soybean Meal is in an uptrend when US Soybean Meal price is higher than the 52-week moving average and the
US Soybean Meal 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
US Soybean Meal oscillator and US Soybean Meal RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
US Soybean Meal Oscillator
The US Soybean Meal oscillator estimated by MacroVar is the z-score of the current
US Soybean Meal price versus US Soybean Meal 1-year simple moving average price. The formula for the
US Soybean Meal oscillator is:
US Soybean Meal oscillator = (Current Price – 250 trading days
US Soybean Meal simple moving average price) / (250 days US Soybean Meal price standard deviation)
US Soybean Meal oversold conditions
US Soybean Meal is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the
US Soybean Meal is oversold it is often due for a rebound. Values of the
US Soybean Meal oscillator lower than -2.5 signify oversold conditions. It must be noted that the
US Soybean Meal oscillator must be analyzed ibn conjunction with the rest of
US Soybean Meal 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
US Soybean Meal RSI.
US Soybean Meal overbought conditions
US Soybean Meal is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the
US Soybean Meal is overbought it is often due for a correction. Values of the
US Soybean Meal oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the
US Soybean Meal 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.
US Soybean Meal 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 US Soybean Meal is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During
US Soybean Meal 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.
US Soybean Meal Returns
MacroVar calculates US Soybean Meal returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is: