FABRK (FAB)

Current price: -

24 hours price change: - (-)

FABRK ADX

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for FABRK. In this continuously updated article, we will explain the meaning and current trend of FABRK. The current ADX analysis is based on the historical prices of FABRK until September 21st, 2020.

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 FABRK from 09/21/2020 until 09/21/2020.

In the chart above, the development of the price for FABRK is shown for the period from 09/21/2020 until 09/21/2020. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for FABRK until 09/21/2020.

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

FABRK average directional index {%ADX%}
FABRK positive directional indicator {%plusDI14%}
FABRK negative directional indicator {%minDI14%}

 

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 FABRK.

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

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

FABRK 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 FABRK is assumed to be positive. An important signal is when the -DI (red line) and +DI (green line) crosses over.

 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.