Boston Scientific Corp (BSX)
Boston Scientific Corporation, doing business as Boston Scientific, is a manufacturer of medical devices used in interventional medical specialties, including interventional radiology, interventional cardiology, peripheral interventions, neuromodulation, neurovascular intervention, electrophysiology, cardiac surgery, vascular surgery, endoscopy, oncology, urology and gynecology.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 88.40% per annum.
- BSX price at the close of July 25, 2024 was $74.26 and was lower than the bottom border of the primary price channel by $5.40 (6.78%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 20.82% per annum.
- BSX price at the close of July 25, 2024 was lower than the bottom border of the secondary price channel by $2.24 (2.93%). This indicates a possible reversal in the secondary trend direction.
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 BSX 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: October 3, 2023
End date: June 28, 2024
a = 1.2562
b = 0.0017
s = 0.0235
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0017) – 1
= 88.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0235) – 1
= 9.87%
October 3, 2023 calculations
Top border of price channel:
Exp(Y1,054)
= Exp(a + b × X1,054 + 2 × s)
= Exp(a + b × 1,530 + 2 × s)
= Exp(1.2562 + 0.0017 × 1,530 + 2 × 0.0235)
= Exp(3.9582)
= $52.36
Bottom border of price channel:
Exp(Y1,054)
= Exp(a + b × X1,054 – 2 × s)
= Exp(a + b × 1,530 – 2 × s)
= Exp(1.2562 + 0.0017 × 1,530 – 2 × 0.0235)
= Exp(3.8641)
= $47.66
June 28, 2024 calculations
Top border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 + 2 × s)
= Exp(a + b × 1,799 + 2 × s)
= Exp(1.2562 + 0.0017 × 1,799 + 2 × 0.0235)
= Exp(4.4250)
= $83.51
Bottom border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(1.2562 + 0.0017 × 1,799 – 2 × 0.0235)
= Exp(4.3309)
= $76.01
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 88.40% per annum.
- BSX price at the close of July 25, 2024 was $74.26 and was lower than the bottom border of the primary price channel by $5.40 (6.78%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: May 15, 2024
End date: July 24, 2024
a = 3.4092
b = 0.0005
s = 0.0090
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 20.82%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0090) – 1
= 3.68%
May 15, 2024 calculations
Top border of price channel:
Exp(Y1,209)
= Exp(a + b × X1,209 + 2 × s)
= Exp(a + b × 1,755 + 2 × s)
= Exp(3.4092 + 0.0005 × 1,755 + 2 × 0.0090)
= Exp(4.3366)
= $76.45
Bottom border of price channel:
Exp(Y1,209)
= Exp(a + b × X1,209 – 2 × s)
= Exp(a + b × 1,755 – 2 × s)
= Exp(3.4092 + 0.0005 × 1,755 – 2 × 0.0090)
= Exp(4.3006)
= $73.74
July 24, 2024 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.4092 + 0.0005 × 1,825 + 2 × 0.0090)
= Exp(4.3729)
= $79.27
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.4092 + 0.0005 × 1,825 – 2 × 0.0090)
= Exp(4.3368)
= $76.46
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 20.82% per annum.
- BSX price at the close of July 25, 2024 was lower than the bottom border of the secondary price channel by $2.24 (2.93%). This indicates a possible reversal in the secondary trend direction.