Russell 2000 Trend Analysis
Use this graph to draw trend lines for Russell 2000 . You can use it to identify possible trend reversals for Russell 2000 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 Russell 2000 price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Russell 2000 Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Russell 2000 applied against its price change over selected period. The best fit line has a slop of 0.8 %
which may suggest that Russell 2000 market price will keep on failing further. It has 78 observation points and a regression sum of squares at 6261.48, which is the sum of squared deviations for the predicted Russell 2000 price change compared to its average price change.
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