Stockholm Trend Analysis
Use this graph to draw trend lines for Stockholm. You can use it to identify possible trend reversals for Stockholm 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 Stockholm price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Stockholm Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Stockholm applied against its price change over selected period. The best fit line has a slop of 0.74 %
which may suggest that Stockholm market price will keep on failing further. It has 34 observation points and a regression sum of squares at 447.86, which is the sum of squared deviations for the predicted Stockholm price change compared to its average price change.
Macroaxis traders are unemotional in their take regarding direction of Stockholm Index. What is your outlook on investing in Sweden companies? Are you bullish or bearish on Stockholm?