AVG DIRECTIONAL INDEX
Trading: HOLD @ $5.55
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.
Nufarm (ASX:NUF) has confirmed a strong trend is present. Nufarm has an ATR(14) of 0.162, a DX of 56.21 & an ADX(14) of 28.64
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: Nufarm (NUF.AX)
Stock Exchange: ASX
Ticker Codes: | NUF.AX | ASX:NUF |
Nufarm Limited, together with its subsidiaries, manufactures and sells crop protection products in Australia, New Zealand, Asia, Europe, North America, Latin America, and internationally. It operates through two segments, Crop Protection and Seed Technologies. The company offers herbicides, insecticides, fungicides, and plant growth regulators to protect crops from damage caused by weeds, pests, and diseases. It also provides seeds and seed treatment products; and engages in croplands equipment business. The company is headquartered in Laverton North, Australia.
Average Directional IndexDownload
|IRD Iron Road||0.06||6.7||45,111||-26.74||BEARISH|
|MOY Millennium Minerals||0.21||5.1||741,093||-25.39||BEARISH|
|SXY Senex Energy||0.36||4.3||2,229,926||-26.06||BEARISH|
|BFC Beston Global Food||0.13||4.2||302,806||-28.02||BEARISH|
|ADA Adacel Technologies||0.74||4.2||69,085||-59.65||BEARISH|
|AGI Ainsworth Game Technology||0.82||3.8||50,553||-70.72||BEARISH|
|EOS Electro Optic Systems Holdings||2.7||3.1||69,838||-33.63||BEARISH|