PC Connection Inc (CNXN)
PC Connection, Inc., provides a range of information technology (IT) solutions. The company is headquartered in Merrimack, New Hampshire.
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 42.16% per annum.
- CNXN price at the close of April 29, 2025 was $62.50 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 64.44% per annum.
- CNXN 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 CNXN 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: November 22, 2024
End date: April 28, 2025
a = 6.8188
b = -0.0015
s = 0.0319
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0015) – 1
= -42.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0319) – 1
= 13.60%
November 22, 2024 calculations
Top border of price channel:
Exp(Y1,150)
= Exp(a + b × X1,150 + 2 × s)
= Exp(a + b × 1,667 + 2 × s)
= Exp(6.8188 + -0.0015 × 1,667 + 2 × 0.0319)
= Exp(4.3819)
= $79.99
Bottom border of price channel:
Exp(Y1,150)
= Exp(a + b × X1,150 – 2 × s)
= Exp(a + b × 1,667 – 2 × s)
= Exp(6.8188 + -0.0015 × 1,667 – 2 × 0.0319)
= Exp(4.2544)
= $70.42
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(6.8188 + -0.0015 × 1,824 + 2 × 0.0319)
= Exp(4.1464)
= $63.20
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(6.8188 + -0.0015 × 1,824 – 2 × 0.0319)
= Exp(4.0189)
= $55.64
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 42.16% per annum.
- CNXN price at the close of April 29, 2025 was $62.50 and was inside the primary price channel.
Secondary Trend
Start date: April 4, 2025
End date: April 29, 2025
a = 1.6325
b = 0.0014
s = 0.0142
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 64.44%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0142) – 1
= 5.85%
April 4, 2025 calculations
Top border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 + 2 × s)
= Exp(a + b × 1,800 + 2 × s)
= Exp(1.6325 + 0.0014 × 1,800 + 2 × 0.0142)
= Exp(4.1139)
= $61.18
Bottom border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 – 2 × s)
= Exp(a + b × 1,800 – 2 × s)
= Exp(1.6325 + 0.0014 × 1,800 – 2 × 0.0142)
= Exp(4.0570)
= $57.80
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(1.6325 + 0.0014 × 1,825 + 2 × 0.0142)
= Exp(4.1480)
= $63.30
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(1.6325 + 0.0014 × 1,825 – 2 × 0.0142)
= Exp(4.0911)
= $59.81
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 64.44% per annum.
- CNXN price at the close of April 29, 2025 was inside the secondary price channel.