Use this graph to draw trend lines for Super Group Ltd. You can use it to identify possible trend reversals for Super 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 Super price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Super Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Super Group Ltd applied against its price change over selected period. The best fit line has a slop of 0.04 %
which may suggest that Super Group Ltd market price will keep on failing further. It has 42 observation points and regression sum of squers of 2.71 which is sum of squared deviations of the predicted Super price change against its avarage change.
Super has a best fit line with a correlation coefficient of -0.66. and coefficient of determination of 0.44. Note, that book value of the company was at this time as 0.8.