Waltonchain (WTC)

Current price: $ 0.61

24 hours price change: $ 0.05 (8.57%)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Waltonchain. In this continuously updated article, we will explain the meaning and current trend of Waltonchain. The current ADX analysis is based on the historical prices of Waltonchain until August 5th, 2021.

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 Waltonchain from 02/04/2021 until 08/05/2021.

In the chart above, the development of the price for Waltonchain is shown for the period from 02/04/2021 until 08/05/2021. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Waltonchain until 08/05/2021.

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

Waltonchain average directional index 31.82
Waltonchain positive directional indicator 61.94
Waltonchain negative directional indicator 28.64

 

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 Waltonchain.

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

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

Waltonchain 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 Waltonchain 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 positive signal for Waltonchain. The positive directional indicator for Waltonchain is 61.94, which is higher than the negative directional indicator (28.64). The trend that the Waltonchain follows is a positive one.

The current ADX value is 31.82, which tells us that the current trend is strong. Using these values, we can asume that the Waltonchain will continue its upwards trend. In short, the current average directional index gives us a buying signal for the Waltonchain. However, keep an eye on turning trends.

 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.