# Dayforce Inc. (DAY)

Dayforce Inc., is a human capital management (HCM) software company in the United States, Canada, and internationally. The company is headquartered in Minneapolis, Minnesota.

## 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 60.57% per annum.
- DAY price at the close of July 23, 2024 was $53.12 and was higher than the top border of the primary price channel by $1.01 (1.94%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 49.66% per annum.
- DAY price at the close of July 23, 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:

Y_{i} = α + β × X_{i} + ε_{i}

Top border of price channel:

Exp(Y_{i}) = Exp(a + b × X_{i} + 2 × s)

Bottom border of price channel:

Exp(Y_{i}) = Exp(a + b × X_{i} – 2 × s)

where:

i - observation number

Y_{i} - natural logarithm of DAY price

X_{i} - time index, 1 day interval

σ - standard deviation of ε_{i}

a - estimator of α

b - estimator of β

s - estimator of σ

Exp() - calculates the exponent of e

### Primary Trend

Start date: January 29, 2024

End date: July 11, 2024

a = 8.5193

b = -0.0025

s = 0.0449

Annual growth rate:

Exp(365 × b) – 1

= Exp(365 × -0.0025) – 1

= -60.57%

Price channel spread:

Exp(4 × s) – 1

= Exp(4 × 0.0449) – 1

= 19.70%

#### January 29, 2024 calculations

Top border of price channel:

Exp(Y_{1,136})

= Exp(a + b × X_{1,136} + 2 × s)

= Exp(a + b × 1,650 + 2 × s)

= Exp(8.5193 + -0.0025 × 1,650 + 2 × 0.0449)

= Exp(4.4021)

= $81.62

Bottom border of price channel:

Exp(Y_{1,136})

= Exp(a + b × X_{1,136} – 2 × s)

= Exp(a + b × 1,650 – 2 × s)

= Exp(8.5193 + -0.0025 × 1,650 – 2 × 0.0449)

= Exp(4.2223)

= $68.19

#### July 11, 2024 calculations

Top border of price channel:

Exp(Y_{1,249})

= Exp(a + b × X_{1,249} + 2 × s)

= Exp(a + b × 1,814 + 2 × s)

= Exp(8.5193 + -0.0025 × 1,814 + 2 × 0.0449)

= Exp(3.9840)

= $53.73

Bottom border of price channel:

Exp(Y_{1,249})

= Exp(a + b × X_{1,249} – 2 × s)

= Exp(a + b × 1,814 – 2 × s)

= Exp(8.5193 + -0.0025 × 1,814 – 2 × 0.0449)

= Exp(3.8042)

= $44.89

#### Description

- The primary trend is decreasing.
- The decline rate of the primary trend is 60.57% per annum.
- DAY price at the close of July 23, 2024 was $53.12 and was higher than the top border of the primary price channel by $1.01 (1.94%). This indicates a possible reversal in the primary trend direction.

### Secondary Trend

Start date: May 30, 2024

End date: July 23, 2024

a = 1.9443

b = 0.0011

s = 0.0307

Annual growth rate:

Exp(365 × b) – 1

= Exp(365 × 0.0011) – 1

= 49.66%

Price channel spread:

Exp(4 × s) – 1

= Exp(4 × 0.0307) – 1

= 13.06%

#### May 30, 2024 calculations

Top border of price channel:

Exp(Y_{1,221})

= Exp(a + b × X_{1,221} + 2 × s)

= Exp(a + b × 1,772 + 2 × s)

= Exp(1.9443 + 0.0011 × 1,772 + 2 × 0.0307)

= Exp(3.9630)

= $52.61

Bottom border of price channel:

Exp(Y_{1,221})

= Exp(a + b × X_{1,221} – 2 × s)

= Exp(a + b × 1,772 – 2 × s)

= Exp(1.9443 + 0.0011 × 1,772 – 2 × 0.0307)

= Exp(3.8402)

= $46.54

#### July 23, 2024 calculations

Top border of price channel:

Exp(Y_{1,257})

= Exp(a + b × X_{1,257} + 2 × s)

= Exp(a + b × 1,826 + 2 × s)

= Exp(1.9443 + 0.0011 × 1,826 + 2 × 0.0307)

= Exp(4.0226)

= $55.85

Bottom border of price channel:

Exp(Y_{1,257})

= Exp(a + b × X_{1,257} – 2 × s)

= Exp(a + b × 1,826 – 2 × s)

= Exp(1.9443 + 0.0011 × 1,826 – 2 × 0.0307)

= Exp(3.8999)

= $49.40

#### Description

- The secondary trend is increasing.
- The growth rate of the secondary trend is 49.66% per annum.
- DAY price at the close of July 23, 2024 was inside the secondary price channel.