AVG DIRECTIONAL INDEX
Trading: HOLD @ $6.03
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.
Santos (ASX:STO) has confirmed a weak trend is presentSantos has an ATR(14) of 0.161, a DX of 26.07 & an ADX(14) of 24.24
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: Santos (STO.AX)
Stock Exchange: ASX
Ticker Codes: | STO.AX | ASX:STO |
Santos Limited explores for, develops, produces, transports, and markets hydrocarbons for homes, businesses, and major industries in Australia and Asia. The company produces natural gas, such as liquefied petroleum gas, ethane, methane, coal seam gas, liquefied natural gas, shale gas, and condensate, as well as oil. Its proved plus probable petroleum reserves include 848 million barrels of oil equivalent. The company was founded in 1954 and is headquartered in Adelaide, Australia.
Average Directional IndexDownload
|MTO Moto Goldmines||1.85||8.8||155,254||-42.15||BEARISH|
|IRI Integrated Research||2.49||8.3||567,896||-29.46||BEARISH|
|AXP Airxpanders Inc||0.03||6.7||158,933||-30.35||BEARISH|
|FIG Freedom Insurance||0.02||4.8||45,729||-46.46||BEARISH|
|EMH European Metals Holdings||0.42||3.8||23,137||-26.12||BEARISH|