US Sugar closed up by 1.93% to 17.41 on 23 January 2021 and +4.0% on a weekly basis. US Sugar momentum was last calculated at +100.0/100 indicating positive momentum. US Sugar trend is +100.0/100 indicating a positive trend. US Sugar momentum exhaustion is 1.94507 indicating US Sugar is oversold.US Sugar RSI is 74.82 .
US Sugar Chart
US Sugar Statistics
MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the US Sugar. Click here to explore the financial factors monitored and their current signals.
Click here to explore the methodology used for estimating the US Sugar trading signals presented in the US Sugar statistics table.
US Sugar closed at 17.41 on 23 January 2021. US Sugar trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. US Sugar momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. US Sugar momentum exhaustion is 1.94507 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating US Sugar is oversold and a possible reversal is imminent. US Sugar RSI was last calculated at 74.82. US Sugar moving averages were last recorded as follows: 1-month moving average: 14.9055 in an uptrend , 1-quarter moving average: 14.7777 in an uptrend and 1-year moving average: 12.9221 in an uptrend. US Sugar annual return was last recorded at None%, daily return was last recorded at 1.93%, and weekly return was last recorded at 4.0%. US Sugar histrorical 20-day volatility was last recorded at 25.1353%, US Sugar alpha None, US Sugar beta None and US Sugar maximum drawdown was recorded at None%. MacroVar models monitor US Sugar statistics based on historical data since 1970.
US Sugar Factors
|Factor||Symbol||Last Value||Predicted Value||R2||MacroVar Signal|
US Sugar Trading Signals
MacroVar estimates the following signals: US Sugar momentum, US Sugar trend, US Sugar oscillator, US Sugar RSI and US Sugar returns.
US Sugar MomentumMomentum 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.
MacroVarUS Sugar momentum signal ranges from -100 to +100. The US Sugar momentum signal is derived as the mean value from 4 calculations for the US Sugar. 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 Sugar 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 Sugar SB momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when US Sugar momentum signal moves from positive to negative value or vice-versa.
US Sugar trendUS Sugar trend signal ranges from -100 to +100. US Sugar 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 Sugar Closing price vs US Sugar moving average (MA) calculation: If US Sugar is greater than US Sugar MA value is +1, else -1, 2. US Sugar Moving average slope calculation: if current US Sugar moving average is higher than the previous MA, US Sugar upward slope +1, else -1
US Sugar trend model can be used as a trend strength indicator. US Sugar trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when US Sugar trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The US Sugar 52-week simple moving average and its slope are the most important indicators defining a market’s trend. US Sugar is in an uptrend when US Sugar price is higher than the 52-week moving average and the US Sugar 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 Sugar oscillator and US Sugar RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
US Sugar oscillatorThe US Sugar oscillator estimated by MacroVar is the z-score of the current US Sugar price versus US Sugar 1-year simple moving average price. The formula for the US Sugar oscillator is:
US Sugar oscillator = (Current Price – 250 trading days US Sugar simple moving average price) / (250 days US Sugar price standard deviation)
US Sugar oversold conditions
US Sugar is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the US Sugar is oversold it is often due for a rebound. Values of the US Sugar oscillator lower than -2.5 signify oversold conditions. It must be noted that the US Sugar oscillator must be analyzed ibn conjunction with the rest of US Sugar 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 Sugar RSI.
US Sugar overbought conditions
US Sugar is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the US Sugar is overbought it is often due for a correction. Values of the US Sugar 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 Sugar 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 Sugar RSI indicatorThe 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 Sugar is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During US Sugar 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 Sugar returnsMacroVar calculates US Sugar returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:
US Sugar returns = (US Sugar Closing Price – US Sugar Previous Price)/(US Sugar Previous Price)