Stock Price Trends

Civitas Resources Inc (CIVI)

Civitas Solutions, Inc. provides health and human services in the home and community to individuals who must care for individuals with intellectual, developmental, behavioral, and / or medically complex challenges in the United States.

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 26.38% per annum.
  • CIVI price at the close of May 13, 2024 was $76.11 and was inside the primary price channel.
  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 5.07% per annum.
  • CIVI price at the close of May 13, 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 CIVI 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 29, 2021
End date: May 13, 2024

a = 3.1744

b = 0.0006

s = 0.0946

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 26.38%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0946) – 1
= 45.98%

September 29, 2021 calculations

Top border of price channel:

Exp(Y600)
= Exp(a + b × X600 + 2 × s)
= Exp(a + b × 869 + 2 × s)
= Exp(3.1744 + 0.0006 × 869 + 2 × 0.0946)
= Exp(3.9209)
= $50.45

Bottom border of price channel:

Exp(Y600)
= Exp(a + b × X600 – 2 × s)
= Exp(a + b × 869 – 2 × s)
= Exp(3.1744 + 0.0006 × 869 – 2 × 0.0946)
= Exp(3.5426)
= $34.56

May 13, 2024 calculations

Top border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.1744 + 0.0006 × 1,826 + 2 × 0.0946)
= Exp(4.5347)
= $93.20

Bottom border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.1744 + 0.0006 × 1,826 – 2 × 0.0946)
= Exp(4.1564)
= $63.84

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 26.38% per annum.
  • CIVI price at the close of May 13, 2024 was $76.11 and was inside the primary price channel.

Secondary Trend

Start date: July 18, 2023
End date: May 13, 2024

a = 4.4868

b = -0.0001

s = 0.0741

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -5.07%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0741) – 1
= 34.50%

July 18, 2023 calculations

Top border of price channel:

Exp(Y1,051)
= Exp(a + b × X1,051 + 2 × s)
= Exp(a + b × 1,526 + 2 × s)
= Exp(4.4868 + -0.0001 × 1,526 + 2 × 0.0741)
= Exp(4.4176)
= $82.90

Bottom border of price channel:

Exp(Y1,051)
= Exp(a + b × X1,051 – 2 × s)
= Exp(a + b × 1,526 – 2 × s)
= Exp(4.4868 + -0.0001 × 1,526 – 2 × 0.0741)
= Exp(4.1212)
= $61.63

May 13, 2024 calculations

Top border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(4.4868 + -0.0001 × 1,826 + 2 × 0.0741)
= Exp(4.3748)
= $79.43

Bottom border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.4868 + -0.0001 × 1,826 – 2 × 0.0741)
= Exp(4.0785)
= $59.05

Description

  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 5.07% per annum.
  • CIVI price at the close of May 13, 2024 was inside the secondary price channel.