IBEX 35 Trend Analysis
Use this graph to draw trend lines for IBEX 35. You can use it to identify possible trend reversals for IBEX 35 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 IBEX 35 price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
IBEX 35 Best Fit Change Line
The following chart estimates an ordinary least squares regression model for IBEX 35 applied against its price change over selected period. The best fit line has a slop of 67.08 %
which may suggest that IBEX 35 market price will keep on failing further. It has 34 observation points and a regression sum of squares at 3672195.33, which is the sum of squared deviations for the predicted IBEX 35 price change compared to its average price change.