Grin (GRIN)

Current price: $ 1.03

24 hours price change: - (-)

Grin 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 Grin. The trend that is being identified, can be both a positive trend as a negative trend in the pricedevelopment of Grin.

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Grin. In this continuously updated article, we will explain the meaning and current trend of Grin. The current ADX analysis is based on the historical prices of Grin until October 19th, 2019.

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 Grin from 04/19/2019 until 10/19/2019.

In the chart above, the development of the price for Grin is shown for the period from 04/19/2019 until 10/19/2019. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Grin until 10/19/2019.

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

Grin average directional index 44.20
Grin positive directional indicator 14.94
Grin negative directional indicator 60.21

 

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 Grin.

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

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

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

The current directional indicator gives a negative signal for Grin. The positive directional indicator for Grin is 14.94, which is lower than the negative directional indicator (60.21). Therefore, the trend that Grin follows is negative.

The current ADX value is 44.20, which tells us that the current trend is strong. Using these values, we can asume that the Grin will continue its downwards trend. In short, the current average directional index gives us a selling signal for the Grin. However, you should always be aware, since trends are changing from time to time.