Nash Exchange (NEX)

Current price: $ 0.32

24 hours price change: $ 0.01 (3.48%)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Nash Exchange. In this continuously updated article, we will explain the meaning and current trend of Nash Exchange. The current ADX analysis is based on the historical prices of Nash Exchange until May 29th, 2022.

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 Nash Exchange from 11/28/2021 until 05/29/2022.

In the chart above, the development of the price for Nash Exchange is shown for the period from 11/28/2021 until 05/29/2022. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Nash Exchange until 05/29/2022.

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

Nash Exchange average directional index 39.27
Nash Exchange positive directional indicator 41.50
Nash Exchange negative directional indicator 55.90

 

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 Nash Exchange.

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

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

Nash Exchange 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 Nash Exchange 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 Nash Exchange. The positive directional indicator for Nash Exchange is 41.50, which is lower than the negative directional indicator (55.90). Therefore, the trend that Nash Exchange follows is negative.

The current ADX value is 39.27, which tells us that the current trend is strong. Using these values, we can asume that the Nash Exchange will continue its downwards trend. In short, the current average directional index gives us a selling signal for the Nash Exchange. However, you should always be aware, since trends are changing from time to time.

 

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