iPath SP Momentum Indicators Average Directional Movement Index Overview

OIL -- USA iPath Goldman Sachs Crude Oil Total Return Index ETN  

USD 1,694  12.43  0.74%

iPath SP momentum-indicators tool provides you with the Momentum Indicators execution environment for running Average Directional Movement Index indicator against iPath SP. Momentum indicators of iPath SP are pattern recognition functions that provide distinct formation on iPath SP potential trading signals or future price movement. Analysts can use these trading signals to identify current and future trends and trend reversals to provide buy and sell recommendations. Please specify Time Period to run this model.
 Time Horizon     30 Days    Login   to change
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The output start index for this execution was eleven with a total number of output elements of six. The average directional index (ADX) measures the strength of a prevailing trend of iPath SP GSCI and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low iPath SP 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 View also all equity analysis or get more info about average directional movement index momentum indicators indicator.

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Current Sentiment - OIL

iPath SP GSCI Investor Sentiment
Greater number of Macroaxis users are now bullish on iPath SP GSCI Crude Oil TR ETN. What is your take regarding investing in iPath SP GSCI Crude Oil TR ETN? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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