| StockFetcher Forums · General Discussion · understanding 'Slope'? | << >>Post Follow-up |
| yogipatel 1 posts msg #161327 - Ignore yogipatel |
8/27/2024 10:40:29 AM Trying to understand how to use 'slope' correctly and get desired results. for example, I am using slope this way: - 10 day slope of the close is above 2.0 In this case what 2.0 means? 200% price change over 10 day period? or 2% price gain over 10 day period? Thanks bunch!! |
| styliten 295 posts msg #161328 - Ignore styliten |
8/27/2024 11:09:58 AM @ yogipatel - 10 day slope of the close is above 2.0 = the SLOPE line itself has risen more than 20% over a period of 10 days.-- This is huge and implies an annualized return of 500% assuming 250 trading days in a year. 
And the slope line itself is the linear regression line, which means it's the best fitted line of close (or some other measures) You can see from the chart (50 day slope of close above 1.0) that actual closes on any single day could be higher or lower than the slope line and rarely do they coincide. In this particular case, since close 50 days ago was above the slope line and close today was below the slope line, the 50 day return would be quite a bit lower than 50%. |
| dwiggains 444 posts msg #161329 - Ignore dwiggains |
8/27/2024 1:34:04 PM The slope of the close has to do with closing price. Large price stocks have large slopes??? see ya david |
| StockFetcher Forums · General Discussion · understanding 'Slope'? | << >>Post Follow-up |