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 -0.24 55.79 0.82
Bottoms Long -0.42 33.72 0.95
Tops Intermediate -0.48 42.78 0.86
Bottoms Intermediate -0.48 36.03 0.75
Tops Short -0.24 44.85 0.29
Bottoms Short 0.36 49.20 0.92
alerts
Long Term Downward Sloping Trading Channel
Intermediate Term Bullish Breakout