VIDY (VIDY)

Current price: $ 0.001275

24 hours price change: - (-)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for VIDY. In this continuously updated article, we will explain the meaning and current trend of VIDY. The current ADX analysis is based on the historical prices of VIDY until September 20th, 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 VIDY from 03/22/2020 until 09/20/2020.

In the chart above, the development of the price for VIDY is shown for the period from 03/22/2020 until 09/20/2020. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for VIDY until 09/20/2020.

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

VIDY average directional index 12.89
VIDY positive directional indicator 49.68
VIDY negative directional indicator 48.63

 

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 VIDY.

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

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

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

The VIDY currently follows a positive trend. For VIDY, the positive directional indicator is 49.68. The value for the negative directional indicator is lower (48.63). This means that the current trend of the VIDY is positive.

To measure the strength of the current trend, we look at the ADX. The value of the ADX for VIDY  is 12.89, meaning that the trend is very weak. The ADX for VIDY does not give us a good indication to start buying or selling VIDY.

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

 

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