NZSE Trend Analysis
Use this graph to draw trend lines for NZSE. You can use it to identify possible trend reversals for NZSE 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 NZSE price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
NZSE Best Fit Change Line
The following chart estimates an ordinary least squares regression model for NZSE applied against its price change over selected period. The best fit line has a slop of 9.1 %
which may suggest that NZSE market price will keep on failing further. It has 34 observation points and a regression sum of squares at 67583.88, which is the sum of squared deviations for the predicted NZSE price change compared to its average price change.
Most of Macroaxis investors are at this time bullish on NZSE. What is your trading attitude regarding investing in New Zealand companies? Are you bullish or bearish on NZSE?