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Engel Resources Technical Analysis
Engel Resources Trend AnalysisUse this graph to draw trend lines for Engel Resources and Development Ltd. You can use it to identify possible trend reversals for Engel 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 Engel Resources price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Engel Resources Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Engel Resources and Development Ltd applied against its price change over selected period. The best fit line has a slop of 0.31 % which may suggest that Engel Resources and Development Ltd market price will keep on failing further. It has 78 observation points and a regression sum of squares at 931.7, which is the sum of squared deviations for the predicted Engel Resources price change compared to its average price change.