Dick’s Sporting Goods Inc (DKS)
DICK'S Sporting Goods, Inc., is a sporting goods retailer primarily in the eastern United States. The company is headquartered in Coraopolis, Pennsylvania.
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 74.47% per annum.
- DKS price at the close of April 28, 2025 was $189.87 and was higher than the top border of the primary price channel by $1.06 (0.56%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 29.14% per annum.
- DKS price at the close of April 28, 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 DKS 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 22, 2025
End date: April 23, 2025
a = 11.9887
b = -0.0037
s = 0.0395
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0037) – 1
= -74.47%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0395) – 1
= 17.10%
January 22, 2025 calculations
Top border of price channel:
Exp(Y1,189)
= Exp(a + b × X1,189 + 2 × s)
= Exp(a + b × 1,729 + 2 × s)
= Exp(11.9887 + -0.0037 × 1,729 + 2 × 0.0395)
= Exp(5.5999)
= $270.39
Bottom border of price channel:
Exp(Y1,189)
= Exp(a + b × X1,189 – 2 × s)
= Exp(a + b × 1,729 – 2 × s)
= Exp(11.9887 + -0.0037 × 1,729 – 2 × 0.0395)
= Exp(5.4420)
= $230.91
April 23, 2025 calculations
Top border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(11.9887 + -0.0037 × 1,820 + 2 × 0.0395)
= Exp(5.2595)
= $192.38
Bottom border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(11.9887 + -0.0037 × 1,820 – 2 × 0.0395)
= Exp(5.1016)
= $164.29
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 74.47% per annum.
- DKS price at the close of April 28, 2025 was $189.87 and was higher than the top border of the primary price channel by $1.06 (0.56%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: April 3, 2025
End date: April 28, 2025
a = 3.9467
b = 0.0007
s = 0.0341
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 29.14%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0341) – 1
= 14.61%
April 3, 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(3.9467 + 0.0007 × 1,800 + 2 × 0.0341)
= Exp(5.2761)
= $195.61
Bottom border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 – 2 × s)
= Exp(a + b × 1,800 – 2 × s)
= Exp(3.9467 + 0.0007 × 1,800 – 2 × 0.0341)
= Exp(5.1398)
= $170.68
April 28, 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(3.9467 + 0.0007 × 1,825 + 2 × 0.0341)
= Exp(5.2936)
= $199.07
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.9467 + 0.0007 × 1,825 – 2 × 0.0341)
= Exp(5.1573)
= $173.69
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 29.14% per annum.
- DKS price at the close of April 28, 2025 was inside the secondary price channel.