Tierion (TNT)

Current price: $ 0.008192

24 hours price change: $ 0.000247 (3.11%)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Tierion. In this continuously updated article, we will explain the meaning and current trend of Tierion. The current ADX analysis is based on the historical prices of Tierion until September 22nd, 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 Tierion from 03/24/2020 until 09/22/2020.

In the chart above, the development of the price for Tierion is shown for the period from 03/24/2020 until 09/22/2020. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Tierion until 09/22/2020.

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

Tierion average directional index 41.81
Tierion positive directional indicator 28.00
Tierion negative directional indicator 69.15

 

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 Tierion.

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

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

Tierion 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 Tierion 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 Tierion. The positive directional indicator for Tierion is 28.00, which is lower than the negative directional indicator (69.15). Therefore, the trend that Tierion follows is negative.

The current ADX value is 41.81, which tells us that the current trend is strong. Using these values, we can asume that the Tierion will continue its downwards trend. In short, the current average directional index gives us a selling signal for the Tierion. However, you should always be aware, since trends are changing from time to time.

 

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