Bovespa (Brazil) Technical Analysis

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Bovespa Trend Analysis

Use this graph to draw trend lines for Bovespa. You can use it to identify possible trend reversals for Bovespa as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Bovespa price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Bovespa Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Bovespa applied against its price change over selected period. The best fit line has a slop of 48.33 % which may suggest that Bovespa market price will keep on failing further. It has 34 observation points and a regression sum of squares at 1905692.51, which is the sum of squared deviations for the predicted Bovespa price change compared to its average price change.

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Bovespa cannot be rated in Mean Deviation category at this point. It cannot be rated in Standard Deviation category at this point. creating about  1.31  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Bovespa is roughly  1.31