CEVA Inc (CEVA)
None
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 29.90% per annum.
- CEVA price at the close of May 6, 2024 was $20.98 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 40.17% per annum.
- CEVA price at the close of May 6, 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 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: January 7, 2021
End date: February 13, 2024
a = 4.6548
b = -0.0010
s = 0.1006
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -29.90%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1006) – 1
= 49.53%
January 7, 2021 calculations
Top border of price channel:
Exp(Y422)
= Exp(a + b × X422 + 2 × s)
= Exp(a + b × 611 + 2 × s)
= Exp(4.6548 + -0.0010 × 611 + 2 × 0.1006)
= Exp(4.2612)
= $70.90
Bottom border of price channel:
Exp(Y422)
= Exp(a + b × X422 – 2 × s)
= Exp(a + b × 611 – 2 × s)
= Exp(4.6548 + -0.0010 × 611 – 2 × 0.1006)
= Exp(3.8589)
= $47.41
February 13, 2024 calculations
Top border of price channel:
Exp(Y1,201)
= Exp(a + b × X1,201 + 2 × s)
= Exp(a + b × 1,743 + 2 × s)
= Exp(4.6548 + -0.0010 × 1,743 + 2 × 0.1006)
= Exp(3.1593)
= $23.55
Bottom border of price channel:
Exp(Y1,201)
= Exp(a + b × X1,201 – 2 × s)
= Exp(a + b × 1,743 – 2 × s)
= Exp(4.6548 + -0.0010 × 1,743 – 2 × 0.1006)
= Exp(2.7570)
= $15.75
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 29.90% per annum.
- CEVA price at the close of May 6, 2024 was $20.98 and was inside the primary price channel.
Secondary Trend
Start date: September 14, 2023
End date: April 11, 2024
a = 1.4815
b = 0.0009
s = 0.0725
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 40.17%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0725) – 1
= 33.63%
September 14, 2023 calculations
Top border of price channel:
Exp(Y1,097)
= Exp(a + b × X1,097 + 2 × s)
= Exp(a + b × 1,591 + 2 × s)
= Exp(1.4815 + 0.0009 × 1,591 + 2 × 0.0725)
= Exp(3.0983)
= $22.16
Bottom border of price channel:
Exp(Y1,097)
= Exp(a + b × X1,097 – 2 × s)
= Exp(a + b × 1,591 – 2 × s)
= Exp(1.4815 + 0.0009 × 1,591 – 2 × 0.0725)
= Exp(2.8084)
= $16.58
April 11, 2024 calculations
Top border of price channel:
Exp(Y1,241)
= Exp(a + b × X1,241 + 2 × s)
= Exp(a + b × 1,801 + 2 × s)
= Exp(1.4815 + 0.0009 × 1,801 + 2 × 0.0725)
= Exp(3.2926)
= $26.91
Bottom border of price channel:
Exp(Y1,241)
= Exp(a + b × X1,241 – 2 × s)
= Exp(a + b × 1,801 – 2 × s)
= Exp(1.4815 + 0.0009 × 1,801 – 2 × 0.0725)
= Exp(3.0027)
= $20.14
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 40.17% per annum.
- CEVA price at the close of May 6, 2024 was inside the secondary price channel.