Lisk (LSK)

Current price: $ 1.91

24 hours price change: $ -0.0055 (-0.29%)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Lisk. In this continuously updated article, we will explain the meaning and current trend of Lisk. The current ADX analysis is based on the historical prices of Lisk until May 23rd, 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 Lisk from 11/23/2018 until 05/23/2019.

In the chart above, the development of the price for Lisk is shown for the period from 11/23/2018 until 05/23/2019. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Lisk until 05/23/2019.

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

Lisk average directional index14.07
Lisk positive directional indicator47.14
Lisk negative directional indicator49.01

 

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 Lisk.

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

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

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

The Lisk currently follows a negative trend. For Lisk, the positive directional indicator is 47.14. The value for the negative directional indicator is higher (49.01). This means that the current trend of the Lisk is negative.

To measure the strength of the current trend, we look at the ADX. The value of the ADX for Lisk  is 14.07, meaning that the trend is very weak. The ADX for Lisk does not give us a good indication to start buying or selling Lisk.

To get a good signal to trade Lisk, we have to wait until the trend gives us a higher ADX value in the current negative trend.