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Energy Development Technical Analysis
Energy Development Trend AnalysisUse this graph to draw trend lines for Energy Development Company Limited. You can use it to identify possible trend reversals for Energy Development 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 Energy Development price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Energy Development Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Energy Development Company Limited applied against its price change over selected period. The best fit line has a slop of 0.06 % which means Energy Development Company Limited will continue generating value for investors. It has 34 observation points and a regression sum of squares at 3.24, which is the sum of squared deviations for the predicted Energy Development price change compared to its average price change.