Stock Price Trends

Euronet Worldwide Inc (EEFT)

Euronet Worldwide, Inc. provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers and individual consumers globally. The company is headquartered in Leawood, Kansas.

Stock Price Trends

Stock price trends estimated using linear regression.

Key facts

  • The primary trend is increasing.
  • The growth rate of the primary trend is 106.12% per annum.
  • EEFT price at the close of May 23, 2024 was $114.01 and was lower than the bottom border of the primary price channel by $1.02 (0.88%). This indicates a possible reversal in the primary trend direction.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 31.12% per annum.
  • EEFT price at the close of May 23, 2024 was inside the secondary price channel.

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 EEFT 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: September 8, 2023
End date: April 9, 2024

a = 1.2183

b = 0.0020

s = 0.0458

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0020) – 1
= 106.12%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0458) – 1
= 20.09%

September 8, 2023 calculations

Top border of price channel:

Exp(Y1,080)
= Exp(a + b × X1,080 + 2 × s)
= Exp(a + b × 1,568 + 2 × s)
= Exp(1.2183 + 0.0020 × 1,568 + 2 × 0.0458)
= Exp(4.4170)
= $82.85

Bottom border of price channel:

Exp(Y1,080)
= Exp(a + b × X1,080 – 2 × s)
= Exp(a + b × 1,568 – 2 × s)
= Exp(1.2183 + 0.0020 × 1,568 – 2 × 0.0458)
= Exp(4.2339)
= $68.99

April 9, 2024 calculations

Top border of price channel:

Exp(Y1,226)
= Exp(a + b × X1,226 + 2 × s)
= Exp(a + b × 1,782 + 2 × s)
= Exp(1.2183 + 0.0020 × 1,782 + 2 × 0.0458)
= Exp(4.8411)
= $126.61

Bottom border of price channel:

Exp(Y1,226)
= Exp(a + b × X1,226 – 2 × s)
= Exp(a + b × 1,782 – 2 × s)
= Exp(1.2183 + 0.0020 × 1,782 – 2 × 0.0458)
= Exp(4.6580)
= $105.42

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 106.12% per annum.
  • EEFT price at the close of May 23, 2024 was $114.01 and was lower than the bottom border of the primary price channel by $1.02 (0.88%). This indicates a possible reversal in the primary trend direction.

Secondary Trend

Start date: December 19, 2023
End date: May 23, 2024

a = 3.3633

b = 0.0007

s = 0.0331

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 31.12%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0331) – 1
= 14.16%

December 19, 2023 calculations

Top border of price channel:

Exp(Y1,151)
= Exp(a + b × X1,151 + 2 × s)
= Exp(a + b × 1,670 + 2 × s)
= Exp(3.3633 + 0.0007 × 1,670 + 2 × 0.0331)
= Exp(4.6693)
= $106.62

Bottom border of price channel:

Exp(Y1,151)
= Exp(a + b × X1,151 – 2 × s)
= Exp(a + b × 1,670 – 2 × s)
= Exp(3.3633 + 0.0007 × 1,670 – 2 × 0.0331)
= Exp(4.5369)
= $93.40

May 23, 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(3.3633 + 0.0007 × 1,826 + 2 × 0.0331)
= Exp(4.7851)
= $119.72

Bottom border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.3633 + 0.0007 × 1,826 – 2 × 0.0331)
= Exp(4.6527)
= $104.87

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 31.12% per annum.
  • EEFT price at the close of May 23, 2024 was inside the secondary price channel.