Sealchain (SEAL)

Current price: $ 0.000572

24 hours price change: - (-)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Sealchain. In this continuously updated article, we will explain the meaning and current trend of Sealchain. The current ADX analysis is based on the historical prices of Sealchain until October 20th, 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 Sealchain from 04/19/2019 until 10/20/2019.

In the chart above, the development of the price for Sealchain is shown for the period from 04/19/2019 until 10/20/2019. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Sealchain until 10/20/2019.

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

Sealchain average directional index 10.46
Sealchain positive directional indicator 43.53
Sealchain negative directional indicator 49.70

 

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 Sealchain.

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

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

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

The Sealchain currently follows a negative trend. For Sealchain, the positive directional indicator is 43.53. The value for the negative directional indicator is higher (49.70). This means that the current trend of the Sealchain is negative.

To measure the strength of the current trend, we look at the ADX. The value of the ADX for Sealchain  is 10.46, meaning that the trend is very weak. The ADX for Sealchain does not give us a good indication to start buying or selling Sealchain.

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