NASDAQ N America Trend Analysis
Use this graph to draw trend lines for NASDAQ N America Basic Matls Lg. You can use it to identify possible trend reversals for NASDAQ N 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 N price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
NASDAQ N Best Fit Change Line
The following chart estimates an ordinary least squares regression model for NASDAQ N America Basic Matls Lg applied against its price change over selected period. The best fit line has a slop of 1.28 %
which may suggest that NASDAQ N America Basic Matls Lg market price will keep on failing further. It has 34 observation points and a regression sum of squares at 1343.03, which is the sum of squared deviations for the predicted NASDAQ N price change compared to its average price change.