Bursa Malaysia Trend Analysis
Use this graph to draw trend lines for Bursa Malaysia. You can use it to identify possible trend reversals for Bursa Malaysia 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 Bursa Malaysia price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Bursa Malaysia Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Bursa Malaysia applied against its price change over selected period. The best fit line has a slop of 1.85 %
which may suggest that Bursa Malaysia market price will keep on failing further. It has 34 observation points and a regression sum of squares at 2793.65, which is the sum of squared deviations for the predicted Bursa Malaysia price change compared to its average price change.