Trend Analysis: Performs linear regression on short term (20 day), intermediate term (60 day) and long term (120 day) high and low analysis to determine if trend lines (rSquare>0.8) and channels exists. The slope is the daily gain (-loss) of the trend line.Alerts include existence of trend channels and recent break outs.
TrendTermSlopeTodays ValuerSquare
Tops Long 0.06 6.96 0.80
Bottoms Long 0.06 6.84 0.89
Tops Intermediate 0 6.18 0.03
Bottoms Intermediate 0 5.91 0.38
Tops Short 0 6.08 0.01
Bottoms Short 0 5.98 0.20
alerts
Long Term Bearish Breakout