MineBee (MB)

Current price: $ 0.000100

24 hours price change: $ -0.00000010 (-0.10%)

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

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for MineBee. In this continuously updated article, we will explain the meaning and current trend of MineBee. The current ADX analysis is based on the historical prices of MineBee until July 26th, 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 MineBee from 01/25/2021 until 07/26/2021.

In the chart above, the development of the price for MineBee is shown for the period from 01/25/2021 until 07/26/2021. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for MineBee until 07/26/2021.

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

MineBee average directional index 14.61
MineBee positive directional indicator 55.56
MineBee negative directional indicator 39.70


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 MineBee.

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

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

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

The MineBee currently follows a positive trend. For MineBee, the positive directional indicator is 55.56. The value for the negative directional indicator is lower (39.70). This means that the current trend of the MineBee is positive.

To measure the strength of the current trend, we look at the ADX. The value of the ADX for MineBee  is 14.61, meaning that the trend is very weak. The ADX for MineBee does not give us a good indication to start buying or selling MineBee.

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


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