Pundi X (NPXS)

Current price: $ 0.000202

24 hours price change: $ -0.00000060 (-0.30%)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Pundi X. In this continuously updated article, we will explain the meaning and current trend of Pundi X. The current ADX analysis is based on the historical prices of Pundi X until December 3rd, 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 Pundi X from 06/02/2020 until 12/03/2020.

In the chart above, the development of the price for Pundi X is shown for the period from 06/02/2020 until 12/03/2020. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Pundi X until 12/03/2020.

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

Pundi X average directional index 17.17
Pundi X positive directional indicator 40.38
Pundi X negative directional indicator 18.71

 

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 Pundi X.

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

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

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

The Pundi X currently follows a positive trend. For Pundi X, the positive directional indicator is 40.38. The value for the negative directional indicator is lower (18.71). This means that the current trend of the Pundi X is positive.

To measure the strength of the current trend, we look at the ADX. The value of the ADX for Pundi X  is 17.17, meaning that the trend is very weak. The ADX for Pundi X does not give us a good indication to start buying or selling Pundi X.

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

 

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