Diodes Incorporated (DIOD)
Diodes Incorporated designs, manufactures and supplies standard products for specific applications in the discrete, logic, analog and mixed-signal semiconductor markets worldwide. The company is headquartered in Plano, Texas.
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 25.35% per annum.
- DIOD price at the close of May 7, 2024 was $76.51 and was higher than the top border of the primary price channel by $2.44 (3.29%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 20.73% per annum.
- DIOD price at the close of May 7, 2024 was higher than the top border of the secondary price channel by $1.64 (2.19%).
- 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 DIOD 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 23, 2023
End date: April 25, 2024
a = 5.6445
b = -0.0008
s = 0.0617
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0008) – 1
= -25.35%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0617) – 1
= 28.00%
January 23, 2023 calculations
Top border of price channel:
Exp(Y934)
= Exp(a + b × X934 + 2 × s)
= Exp(a + b × 1,356 + 2 × s)
= Exp(5.6445 + -0.0008 × 1,356 + 2 × 0.0617)
= Exp(4.6816)
= $107.94
Bottom border of price channel:
Exp(Y934)
= Exp(a + b × X934 – 2 × s)
= Exp(a + b × 1,356 – 2 × s)
= Exp(5.6445 + -0.0008 × 1,356 – 2 × 0.0617)
= Exp(4.4348)
= $84.33
April 25, 2024 calculations
Top border of price channel:
Exp(Y1,250)
= Exp(a + b × X1,250 + 2 × s)
= Exp(a + b × 1,814 + 2 × s)
= Exp(5.6445 + -0.0008 × 1,814 + 2 × 0.0617)
= Exp(4.3147)
= $74.79
Bottom border of price channel:
Exp(Y1,250)
= Exp(a + b × X1,250 – 2 × s)
= Exp(a + b × 1,814 – 2 × s)
= Exp(5.6445 + -0.0008 × 1,814 – 2 × 0.0617)
= Exp(4.0679)
= $58.43
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 25.35% per annum.
- DIOD price at the close of May 7, 2024 was $76.51 and was higher than the top border of the primary price channel by $2.44 (3.29%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 25, 2024
End date: May 7, 2024
a = 3.3181
b = 0.0005
s = 0.0276
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 20.73%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0276) – 1
= 11.66%
January 25, 2024 calculations
Top border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 + 2 × s)
= Exp(a + b × 1,723 + 2 × s)
= Exp(3.3181 + 0.0005 × 1,723 + 2 × 0.0276)
= Exp(4.2626)
= $70.99
Bottom border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 – 2 × s)
= Exp(a + b × 1,723 – 2 × s)
= Exp(3.3181 + 0.0005 × 1,723 – 2 × 0.0276)
= Exp(4.1522)
= $63.58
May 7, 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(3.3181 + 0.0005 × 1,826 + 2 × 0.0276)
= Exp(4.3157)
= $74.87
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.3181 + 0.0005 × 1,826 – 2 × 0.0276)
= Exp(4.2054)
= $67.05
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 20.73% per annum.
- DIOD price at the close of May 7, 2024 was higher than the top border of the secondary price channel by $1.64 (2.19%).