AVG DIRECTIONAL INDEX
Trading: HOLD @ $0.715
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.
Mitula (ASX:MUA) has confirmed a weak trend is presentMitula has an ATR(14) of 0.026, a DX of 40.53 & an ADX(14) of 23.05
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: Mitula (MUA.AX)
Stock Exchange: ASX
Ticker Codes: | MUA.AX | ASX:MUA |
Mitula Group Limited, together with its subsidiaries, owns, operates, and manages vertical search Websites. The company provides its Website visitors to search across various listings from approximately 15,000 classifieds sites, including property, employment, and automotive portals; online fashion stores; general classified sites; real estate agents; and property developers with one query. It operates 110 vertical search Websites in 52 countries and 19 languages under the Mitula, Nestoria, Nuroa, Kleding, and Fashiola brand names; and 10 property portals in 9 countries under the DotProperty and Thailand-property brand names. The company also operates 19 fashion vertical Websites in Kleding.nl brand name in the Netherlands; and the Fashiola brand name in Denmark, Australia, the United Kingdom, Germany, Austria, Sweden, France, Poland, Italy, Switzerland, Brazil, Spain, Portugal, and Belgium. Mitula Group Limited was founded in 2006 and is headquartered in Madrid, Spain.
Average Directional IndexDownload
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