Trendline


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Trendline

A technical chart line that depicts the past movement of a security and that is used in an attempt to help predict future price movements.

Trendline

In technical analysis, a line on a chart representing the price movements of a security. The direction of the line shows whether the security is advancing or declining. Technical analysts use trendlines and patterns within them to determine whether a security or the broader market is bullish or bearish.

trendline

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trendline
In technical analysis, a straight line or two parallel straight lines that indicate the direction in which a security has been moving, and, many chartists believe, the direction in which it will continue to move. When a security price breaks through a trendline, the beginning of a new trend is indicated.
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Patch also revealed that at the upcoming High Point Market, Trendlines will allocate space in its showroom for the display of Great Connections' home office products.
Notice that this trendline has guided the shares higher without fail since 1996.
The equity has been testing this trendline during the past four months and a breach could signal that the stock has additional downside ahead of it.
Moreover, the 30 level lurks below the 20-month trendline to lend further support if needed.
8 days to cover, offering little hope of a short-covering rally boosting the shares through their 20-week trendline.
The equity's 10-week moving average continues to weigh on the shares, which have not closed above this trendline since late March.
Since BOOM fell below this moving average on May 12, the stock has logged only one daily finish above this trendline.
This trendline has steadily guided the shares higher since May 2003.