SPASX 300 (Australia) Technical Analysis

AXMEKD Index   1,825  9.09  0.50%   

SPASX 300 Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as SPASX, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SPASX
SPASX 300's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
SPASX 300 technical index analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, index market cycles, or different charting patterns.
A focus of SPASX 300 technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SPASX 300 trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

SPASX 300 Media Trend Analysis

Use this graph to draw trend lines for SPASX 300 Media. You can use it to identify possible trend reversals for SPASX 300 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 SPASX 300 price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

SPASX 300 Best Fit Change Line

The following chart estimates an ordinary least squares regression model for SPASX 300 Media applied against its price change over selected period. The best fit line has a slop of   1.48  , which means SPASX 300 Media will continue generating value for investors. It has 122 observation points and a regression sum of squares at 82633.98, which is the sum of squared deviations for the predicted SPASX 300 price change compared to its average price change.