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 -0.54 68.69 0.96
Bottoms Long -0.42 60.93 0.94
Tops Intermediate -0.66 63.80 0.96
Bottoms Intermediate -0.24 63.81 0.85
Tops Short -0.42 66.48 0.85
Bottoms Short -0.24 64.79 0.34
alerts
Long Term Downward Sloping Trading Channel
Intermediate Term Downward Sloping Trading Channel