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 7.45 0.96
Bottoms Long 0 7.22 0.98
Tops Intermediate -0.06 7.36 0.77
Bottoms Intermediate 0 7.32 0.81
Tops Short 0 8.17 0.01
Bottoms Short 0 7.65 0.59
alerts
Long Term Downward Sloping Trading Channel
Long Term Bullish Breakout