AVG DIRECTIONAL INDEX
Trading: HOLD @ $16.5
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.
Monadelphous (ASX:MND) has confirmed a strong trend is present. Monadelphous has an ATR(14) of 0.408, a DX of 37.25 & an ADX(14) of 25.94
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: Monadelphous (MND.AX)
Stock Exchange: ASX
Ticker Codes: | MND.AX | ASX:MND |
Monadelphous Group Limited, an engineering group, provides construction, maintenance, and industrial services to the resources, energy, and infrastructure sectors in Australia. It operates through Engineering Construction; and Maintenance and Industrial Services divisions. The company offers large-scale multidisciplinary project management and construction services, including construction management and execution; civil and electrical construction packages; turnkey design and construction; structural steel, tankage, mechanical works, and process equipment and piping fabrication and installation; fabrication and procurement; modularization and off-site pre-assembly; plant commissioning; demolition and remediation works; and offshore construction of plant and infrastructure. It also provides multidisciplinary maintenance and improvement solutions, such as structural, mechanical, piping, electrical and instrumentation, and civil maintenance services, as well as minor capital works, shutdowns, and operations and facilities management services. In addition, the company offers process and non-process maintenance; front-end scoping; water and waste water asset construction and maintenance; irrigation; transmission pipelines and facilities construction; power and water assets operation and maintenance; heavy lift and specialist transport; corrosion management; access solutions; and dewatering services. Monadelphous Group Limited was founded in 1972 and is headquartered in Victoria Park, Australia.
Average Directional IndexDownload
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|PME Pro Medicus||14.44||4||166,039||39.89||BULLISH|
|RMS Ramelius Resources||0.62||3.3||6,574,304||33.09||BULLISH|
|SAR Saracen Mineral||3.22||3.2||4,798,475||40.11||BULLISH|
|OGC Oceanagold Corporation||4.56||3.2||322,425||27.19||BULLISH|
|WGX Westgold Resources||1.17||3.1||608,628||40.74||BULLISH|