Constructed by connecting a series of descending peaks or ascending troughs. The more times a trend line has been touched increases the significance of a break in the trend line. It can act as either support or resistance. An uptrend line is a straight line connecting successive reaction lows. While a downtrend line is the reverse of an uptrend line.
A trend line is the line of best fit drawn to illustrate the type and direction of statistical relationship, or correlation, found between two covariates in a descriptive statistic called a scattergram.
a line on a stock graph that connects a series of highs or lows to delineate an uptrend (representing support) or a downtrend (representing resistance).
(1) the uptrend line is drawn across two lows that are several trading days (preferably 10 or more) apart. (2) the downtrend line is drawn across two highs that are several trading days (preferably 10 or more) apart. The lines should not be significantly steeper than the trends that appear via inspection of the price patterns on the chart. The short hedge is "placed" when we see a close below an uptrend line, and the hedge is "lifted" when we see a close above a downtrend line.
a line on a graph indicating a statistical trend
a sloping line that is
a straight line on a chart that connects consecutive tops or consecutive bottoms of prices and is utilized to identify levels of support and resistance
a straight line that best fits a number of data points computed using linear regression (least square method)
a straight line that connects two or more price points and then extends into the future to act as a line of support or resistance
the imaginary line on a price chart that only changes when the market is closed or when you are not looking
line on a schedule or chart showing the pattern of progress that is being set over time, i.e. from measurement period to measurement period. [D03367] RMW
When a trend occurs, in many cases it is possible to draw support lines under an uptrend or resistance lines above a downtrend. It is considered that once these lines are broken that the trend has completed. This implies that it should result in a correction at the very least and possibly a reversal in the trend.
(... line of best fit) Another name for a line of best fit.