Use this graph to draw trend lines for Unilever NV. You can use it to identify possible trend reversals for Unilever 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 Unilever price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Unilever Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Unilever NV applied against its price change over selected period. The best fit line has a slop of 0.15 %
which may suggest that Unilever NV market price will keep on failing further. It has 44 observation points and regression sum of squers of 38.25 which is sum of squared deviations of the predicted Unilever price change against its avarage change.
|Price Growth (%) |
|Prediction Trend || ||Unilever || |
Unilever has a best fit line with a correlation coefficient of -0.95. and coefficient of determination of 0.91. Note, that the company had not issued any dividends in recent years.