Akamai Technologies Inc (AKAM)
Akamai Technologies, Inc. is a global content delivery network (CDN), cybersecurity, and cloud service company, providing web and Internet security services.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 47.27% per annum.
- AKAM price at the close of July 25, 2024 was $96.37 and was higher than the top border of the primary price channel by $3.90 (4.21%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 146.18% per annum.
- AKAM price at the close of July 25, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of AKAM price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: December 14, 2023
End date: July 9, 2024
a = 7.6510
b = -0.0018
s = 0.0386
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0018) – 1
= -47.27%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0386) – 1
= 16.70%
December 14, 2023 calculations
Top border of price channel:
Exp(Y1,105)
= Exp(a + b × X1,105 + 2 × s)
= Exp(a + b × 1,602 + 2 × s)
= Exp(7.6510 + -0.0018 × 1,602 + 2 × 0.0386)
= Exp(4.9196)
= $136.95
Bottom border of price channel:
Exp(Y1,105)
= Exp(a + b × X1,105 – 2 × s)
= Exp(a + b × 1,602 – 2 × s)
= Exp(7.6510 + -0.0018 × 1,602 – 2 × 0.0386)
= Exp(4.7652)
= $117.36
July 9, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,810 + 2 × s)
= Exp(7.6510 + -0.0018 × 1,810 + 2 × 0.0386)
= Exp(4.5550)
= $95.11
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,810 – 2 × s)
= Exp(7.6510 + -0.0018 × 1,810 – 2 × 0.0386)
= Exp(4.4006)
= $81.50
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 47.27% per annum.
- AKAM price at the close of July 25, 2024 was $96.37 and was higher than the top border of the primary price channel by $3.90 (4.21%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: June 12, 2024
End date: July 25, 2024
a = 0.0665
b = 0.0025
s = 0.0135
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0025) – 1
= 146.18%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0135) – 1
= 5.53%
June 12, 2024 calculations
Top border of price channel:
Exp(Y1,228)
= Exp(a + b × X1,228 + 2 × s)
= Exp(a + b × 1,783 + 2 × s)
= Exp(0.0665 + 0.0025 × 1,783 + 2 × 0.0135)
= Exp(4.4943)
= $89.50
Bottom border of price channel:
Exp(Y1,228)
= Exp(a + b × X1,228 – 2 × s)
= Exp(a + b × 1,783 – 2 × s)
= Exp(0.0665 + 0.0025 × 1,783 – 2 × 0.0135)
= Exp(4.4405)
= $84.81
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(0.0665 + 0.0025 × 1,826 + 2 × 0.0135)
= Exp(4.6004)
= $99.53
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.0665 + 0.0025 × 1,826 – 2 × 0.0135)
= Exp(4.5466)
= $94.31
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 146.18% per annum.
- AKAM price at the close of July 25, 2024 was inside the secondary price channel.