|IXIC -- USA Index|| |
7,383 29.54 0.40%
Nasdaq Trend Analysis
Use this graph to draw trend lines for Nasdaq. You can use it to identify possible trend reversals for Nasdaq 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 Nasdaq price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Nasdaq Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nasdaq applied against its price change over selected period. The best fit line has a slop of 39.48 %
which may suggest that Nasdaq market price will keep on failing further. It has 34 observation points and a regression sum of squares at 1272173.53, which is the sum of squared deviations for the predicted Nasdaq price change compared to its average price change.