Dash (DASH)

Current price: -

24 hours price change: - (-)

Dash - Average Directional Index

The Average Directional indicator (or ADX) is a directional trading indicator that is used to identify a technical trend, in this case of the Dash. The trend that is being identified, can be both a positive trend as a negative trend in the pricedevelopment of Dash.

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Dash. In this continuously updated article, we will explain the meaning and current trend of Dash. The current ADX analysis is based on the historical prices of Dash until May 17th, 2024.

In the chart below, the strength the trend is drawn, as well as the positive and negative directional indicators. The ADX (Average Directional Index) is the black line. The positive directional indicator (+DI) is the green line, and the negative directional indicator (-DI) is drawn in red.

Price chart for Dash from 11/21/2023 until 05/17/2024.

In the chart above, the development of the price for Dash is shown for the period from 11/21/2023 until 05/17/2024. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Dash until 05/17/2024.

In the charts above, you can see the trends of the ADX, +DI and -DI. The current values of these three indicators for the Dash are listed in the table below.

Dash average directional index 15.90
Dash positive directional indicator 24.49
Dash negative directional indicator 19.10


Several signals can be gained from the chart above. First of all, the green line gives us an indication of the positive trend. The opposite line, the red one, indicates the negative trend for Dash.

When the green line tops the red line, the Dash is in a positive trend. However, when the situation turns around, the trend has also changed to a negative trend for Dash.

Furthermore, the black line gives the strength of the current trend of Dash, both positive and negative. The higher the black line (ADX), the stronger the trend.

Dash ADX score

The Average Directional Index (ADX) is used to measure the strength or weakness of a trend, not the actual direction. In general, when the positive directional indicator is higher than the negative directional in indicator, the trend of Dash is assumed to be positive. An important signal is when the -DI (red line) and +DI (green line) crosses over.

The Dash currently follows a positive trend. For Dash, the positive directional indicator is 24.49. The value for the negative directional indicator is lower (19.10). This means that the current trend of the Dash is positive.

To measure the strength of the current trend, we look at the ADX. The value of the ADX for Dash  is 15.90, meaning that the trend is very weak. The ADX for Dash does not give us a good indication to start buying or selling Dash.

To get a good signal to buy Dash, we have to wait until the trend gives us a higher ADX value in the current positive trend.


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