|PTCH -- Israel Stock|| |
ILS 421.00 0.00 0.00%
Israel Petrochemical Technical Analysis
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Israel Petrochemical Trend Analysis
Use this graph to draw trend lines for Israel Petrochemical Enterprises Ltd. You can use it to identify possible trend reversals for Israel Petrochemical 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 Israel Petrochemical price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Israel Petrochemical Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Israel Petrochemical Enterprises Ltd applied against its price change over selected period. The best fit line has a slop of 2.51 %
which may suggest that Israel Petrochemical Enterprises Ltd market price will keep on failing further. It has 34 observation points and a regression sum of squares at 5160.18, which is the sum of squared deviations for the predicted Israel Petrochemical price change compared to its average price change.