Price trends refer to the general direction in which the price of a product or asset moves over time. These trends can be upward, downward, or stable, and they are often analyzed using historical data. Understanding price trends helps consumers and investors make informed decisions about buying or selling. Factors influencing price trends include supply and demand, economic conditions, and market sentiment. For example, if the demand for oil increases while supply remains constant, the price of oil is likely to rise. Conversely, if a new technology reduces the cost of production, prices may trend downward.