Civic (CVC)

Current price: $ 0.44

24 hours price change: $ 0.001128 (0.26%)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Civic. In this continuously updated article, we will explain the meaning and current trend of Civic. The current ADX analysis is based on the historical prices of Civic until March 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 Civic from 09/04/2020 until 03/05/2021.

In the chart above, the development of the price for Civic is shown for the period from 09/04/2020 until 03/05/2021. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Civic until 03/05/2021.

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

Civic average directional index 26.72
Civic positive directional indicator 35.49
Civic negative directional indicator 25.91

 

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 Civic.

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

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

Civic 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 Civic 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 Civic. The positive directional indicator for Civic is 35.49, which is higher than the negative directional indicator (25.91). The trend that the Civic follows is a positive one.

The current ADX value is 26.72, which tells us that the current trend is strong. Using these values, we can asume that the Civic will continue its upwards trend. In short, the current average directional index gives us a buying signal for the Civic. However, keep an eye on turning trends.

 

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