Karatgold Coin (KBC)

Current price: $ 0.002975

24 hours price change: $ 0.000212 (7.69%)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Karatgold Coin. In this continuously updated article, we will explain the meaning and current trend of Karatgold Coin. The current ADX analysis is based on the historical prices of Karatgold Coin until September 24th, 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 Karatgold Coin from 03/26/2020 until 09/24/2020.

In the chart above, the development of the price for Karatgold Coin is shown for the period from 03/26/2020 until 09/24/2020. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Karatgold Coin until 09/24/2020.

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

Karatgold Coin average directional index 6.88
Karatgold Coin positive directional indicator 48.83
Karatgold Coin negative directional indicator 47.28

 

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 Karatgold Coin.

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

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

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

The Karatgold Coin currently follows a positive trend. For Karatgold Coin, the positive directional indicator is 48.83. The value for the negative directional indicator is lower (47.28). This means that the current trend of the Karatgold Coin is positive.

To measure the strength of the current trend, we look at the ADX. The value of the ADX for Karatgold Coin  is 6.88, meaning that the trend is very weak. The ADX for Karatgold Coin does not give us a good indication to start buying or selling Karatgold Coin.

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

 

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