FunFair (FUN)

Current price: $ 0.003870

24 hours price change: - (-)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for FunFair. In this continuously updated article, we will explain the meaning and current trend of FunFair. The current ADX analysis is based on the historical prices of FunFair until July 8th, 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 FunFair from 01/08/2020 until 07/08/2020.

In the chart above, the development of the price for FunFair is shown for the period from 01/08/2020 until 07/08/2020. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for FunFair until 07/08/2020.

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

FunFair average directional index 15.36
FunFair positive directional indicator 55.95
FunFair negative directional indicator 33.17

 

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 FunFair.

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

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

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

The FunFair currently follows a positive trend. For FunFair, the positive directional indicator is 55.95. The value for the negative directional indicator is lower (33.17). This means that the current trend of the FunFair is positive.

To measure the strength of the current trend, we look at the ADX. The value of the ADX for FunFair  is 15.36, meaning that the trend is very weak. The ADX for FunFair does not give us a good indication to start buying or selling FunFair.

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

 

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