CEVA Inc (CEVA)
None
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 39.54% per annum.
- CEVA price at the close of April 29, 2025 was $26.49 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 81.84% per annum.
- CEVA price at the close of April 29, 2025 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 CEVA 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: September 11, 2023
End date: March 27, 2025
a = 1.7752
b = 0.0009
s = 0.1217
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 39.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1217) – 1
= 62.74%
September 11, 2023 calculations
Top border of price channel:
Exp(Y846)
= Exp(a + b × X846 + 2 × s)
= Exp(a + b × 1,229 + 2 × s)
= Exp(1.7752 + 0.0009 × 1,229 + 2 × 0.1217)
= Exp(3.1407)
= $23.12
Bottom border of price channel:
Exp(Y846)
= Exp(a + b × X846 – 2 × s)
= Exp(a + b × 1,229 – 2 × s)
= Exp(1.7752 + 0.0009 × 1,229 – 2 × 0.1217)
= Exp(2.6537)
= $14.21
March 27, 2025 calculations
Top border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 + 2 × s)
= Exp(a + b × 1,792 + 2 × s)
= Exp(1.7752 + 0.0009 × 1,792 + 2 × 0.1217)
= Exp(3.6546)
= $38.65
Bottom border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 – 2 × s)
= Exp(a + b × 1,792 – 2 × s)
= Exp(1.7752 + 0.0009 × 1,792 – 2 × 0.1217)
= Exp(3.1676)
= $23.75
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 39.54% per annum.
- CEVA price at the close of April 29, 2025 was $26.49 and was inside the primary price channel.
Secondary Trend
Start date: January 15, 2025
End date: April 23, 2025
a = 11.6638
b = -0.0047
s = 0.0874
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0047) – 1
= -81.84%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0874) – 1
= 41.87%
January 15, 2025 calculations
Top border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 + 2 × s)
= Exp(a + b × 1,721 + 2 × s)
= Exp(11.6638 + -0.0047 × 1,721 + 2 × 0.0874)
= Exp(3.7950)
= $44.48
Bottom border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 – 2 × s)
= Exp(a + b × 1,721 – 2 × s)
= Exp(11.6638 + -0.0047 × 1,721 – 2 × 0.0874)
= Exp(3.4453)
= $31.35
April 23, 2025 calculations
Top border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 + 2 × s)
= Exp(a + b × 1,819 + 2 × s)
= Exp(11.6638 + -0.0047 × 1,819 + 2 × 0.0874)
= Exp(3.3370)
= $28.13
Bottom border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 – 2 × s)
= Exp(a + b × 1,819 – 2 × s)
= Exp(11.6638 + -0.0047 × 1,819 – 2 × 0.0874)
= Exp(2.9873)
= $19.83
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 81.84% per annum.
- CEVA price at the close of April 29, 2025 was inside the secondary price channel.