The output start index for this execution was twelve with a total number of output elements of five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of China Resources Beer volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.
China Resources Beer Trend Analysis
Use this graph to draw trend lines for China Resources Beer Company Limited. You can use it to identify possible trend reversals for China 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 China Resources price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
China Resources Best Fit Change Line
The following chart estimates an ordinary least squares regression model for China Resources Beer Company Limited applied against its price change over selected period. The best fit line has a slop of 0.03 % which may suggest that China Resources Beer Company Limited market price will keep on failing further. It has 34 observation points and a regression sum of squares at 0.79, which is the sum of squared deviations for the predicted China Resources price change compared to its average price change.
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