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 -0.12 57.55 0.96
Bottoms Long -0.12 54.71 0.81
Tops Intermediate -0.18 56.12 0.90
Bottoms Intermediate -0.18 53.69 0.71
Tops Short -0.18 55.95 0.86
Bottoms Short -0.18 53.25 0.54
alerts
Long Term Downward Sloping Trading Channel