#PriceTrendAnalysis Price trend refers to the direction in which the price of an asset, product, or service is moving over a period of time. It indicates the overall movement of prices, whether they are rising, falling, or staying relatively stable.
Understanding price trends is crucial for various stakeholders, including:
* Investors and traders: Identifying price trends helps in making informed decisions about buying, selling, or holding assets.
* Businesses: Monitoring price trends of raw materials, components, and finished goods helps in inventory management, pricing strategies, and cost optimization.