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Parex Resources Technical Analysis
Parex Resources Trend AnalysisUse this graph to draw trend lines for Parex Resources. You can use it to identify possible trend reversals for Parex Resources 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 Parex Resources price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Parex Resources Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Parex Resources applied against its price change over selected period. The best fit line has a slop of 0.14 % which means Parex Resources will continue generating value for investors. It has 34 observation points and a regression sum of squares at 16.35, which is the sum of squared deviations for the predicted Parex Resources price change compared to its average price change.