CROBEX (Croatia) Momentum Indicators Average Directional Movement Index
| CRBEX Index | 3,128 1.78 0.06% |
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The output start index for this execution was twenty-seven with a total number of output elements of thirty-four. The average directional index (ADX) measures the strength of a prevailing trend of CROBEX and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low CROBEX ADX value usually indicates a non-trending market with low volumes, whereas a cross above 20 may indicate the start of a trend. If the ADX is over 40 and begins to fall, it can indicate the slowdown of a current trend. This indicator can also be used to identify non-trending markets, or a deterioration of an ongoing trend. Although market direction is important in its calculation, the ADX is not a directional indicator
CROBEX Technical Analysis Modules
Most technical analysis of CROBEX help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for CROBEX from various momentum indicators to cycle indicators. When you analyze CROBEX charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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