AVG DIRECTIONAL INDEX
Trading: HOLD @ $0.8
Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
Decmil (ASX:DCG) has confirmed a strong trend is present. Decmil has an ATR(14) of 0.024, a DX of 31.78 & an ADX(14) of 25.5
The Average Directional Index (ADX) Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder.
Calculation: Average Directional Movement Index (ADX):
Trend Strength ;
1) 0-25 = Absent or Weak Trend;
2) 25-50 = Strong Trend;
3) 50-75 = Very Strong Trend;
4) 75-100 Extremely Strong Trend;
PROFILE: Decmil (DCG.AX)
Stock Exchange: ASX
Ticker Codes: | DCG.AX | ASX:DCG |
Decmil Group Limited, through its subsidiaries, provides design, engineering, and construction works for natural resources, government, and infrastructure sectors in Australia and internationally. It operates through three segments: Construction and Engineering, Accommodation, and Other. The company engages in the civil works, including site preparation, excavation, and bulk earthworks on brown and greenfield projects in regional and remote areas; construction of remote non-process infrastructure, such as industrial buildings, processing plants, workshops, and storage facilities; and design and construction of permanent and temporary accommodation consisting of villages for the resource sector. It is also involved in government infrastructure projects, such as accommodation, immigration facilities, corrections facilities, office buildings, defense facilities, schools, administration buildings, and storage facilities; road and bridge civil engineering projects; and design and construction of fuel infrastructure facilities. In addition, the company provides coal seam gas and LNG wellhead installation with related pipelines and facilities; civil works for remote wind and solar projects, including site preparation, foundations, and pilings; structural and mechanical installations, such as towers for wind farms and framing systems, and PV modules for solar projects; specialist electrical work for energy storage and distribution; and design, installation, commissioning, and maintenance services to telecommunications network owners, manufacturers, and NBN service providers. Further, it fabricates and installs high pressure pipes, vessels, and tanks. Decmil Group Limited was founded in 1979 and is headquartered in Osborne Park, Australia.
Average Directional IndexDownload
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