Seele (SEELE)

Current price: $ 0.10

24 hours price change: $ -0.001935 (-1.96%)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Seele. In this continuously updated article, we will explain the meaning and current trend of Seele. The current ADX analysis is based on the historical prices of Seele until June 4th, 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 Seele from 12/05/2019 until 06/04/2020.

In the chart above, the development of the price for Seele is shown for the period from 12/05/2019 until 06/04/2020. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Seele until 06/04/2020.

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

Seele average directional index 17.26
Seele positive directional indicator 55.61
Seele negative directional indicator 42.94

 

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 Seele.

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

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

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

The Seele currently follows a positive trend. For Seele, the positive directional indicator is 55.61. The value for the negative directional indicator is lower (42.94). This means that the current trend of the Seele is positive.

To measure the strength of the current trend, we look at the ADX. The value of the ADX for Seele  is 17.26, meaning that the trend is very weak. The ADX for Seele does not give us a good indication to start buying or selling Seele.

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

 

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