# 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:
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 DAY 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 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%

Exp(4 × s) – 1
= Exp(4 × 0.0449) – 1
= 19.70%

#### January 29, 2024 calculations

Top border of price channel:

Exp(Y1,136)
= Exp(a + b × X1,136 + 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(Y1,136)
= Exp(a + b × X1,136 – 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(Y1,249)
= Exp(a + b × X1,249 + 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(Y1,249)
= Exp(a + b × X1,249 – 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%

Exp(4 × s) – 1
= Exp(4 × 0.0307) – 1
= 13.06%

#### May 30, 2024 calculations

Top border of price channel:

Exp(Y1,221)
= Exp(a + b × X1,221 + 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(Y1,221)
= Exp(a + b × X1,221 – 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(Y1,257)
= Exp(a + b × X1,257 + 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(Y1,257)
= Exp(a + b × X1,257 – 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.