Fulton Financial Corporation (FULT)
Fulton Financial Corporation is a financial holding company that provides banking and financial services to businesses and consumers. The company is headquartered in Lancaster, Pennsylvania.
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 50.56% per annum.
- FULT price at the close of May 17, 2024 was $17.36 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 910.25% per annum.
- FULT price at the close of May 17, 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 FULT 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: April 24, 2023
End date: May 17, 2024
a = 0.7816
b = 0.0011
s = 0.0704
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 50.56%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0704) – 1
= 32.55%
April 24, 2023 calculations
Top border of price channel:
Exp(Y989)
= Exp(a + b × X989 + 2 × s)
= Exp(a + b × 1,435 + 2 × s)
= Exp(0.7816 + 0.0011 × 1,435 + 2 × 0.0704)
= Exp(2.5311)
= $12.57
Bottom border of price channel:
Exp(Y989)
= Exp(a + b × X989 – 2 × s)
= Exp(a + b × 1,435 – 2 × s)
= Exp(0.7816 + 0.0011 × 1,435 – 2 × 0.0704)
= Exp(2.2493)
= $9.48
May 17, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(0.7816 + 0.0011 × 1,824 + 2 × 0.0704)
= Exp(2.9671)
= $19.44
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(0.7816 + 0.0011 × 1,824 – 2 × 0.0704)
= Exp(2.6853)
= $14.66
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 50.56% per annum.
- FULT price at the close of May 17, 2024 was $17.36 and was inside the primary price channel.
Secondary Trend
Start date: April 12, 2024
End date: May 17, 2024
a = -8.6650
b = 0.0063
s = 0.0241
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0063) – 1
= 910.25%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0241) – 1
= 10.11%
April 12, 2024 calculations
Top border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 + 2 × s)
= Exp(a + b × 1,789 + 2 × s)
= Exp(-8.6650 + 0.0063 × 1,789 + 2 × 0.0241)
= Exp(2.7190)
= $15.17
Bottom border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 – 2 × s)
= Exp(a + b × 1,789 – 2 × s)
= Exp(-8.6650 + 0.0063 × 1,789 – 2 × 0.0241)
= Exp(2.6227)
= $13.77
May 17, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-8.6650 + 0.0063 × 1,824 + 2 × 0.0241)
= Exp(2.9408)
= $18.93
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-8.6650 + 0.0063 × 1,824 – 2 × 0.0241)
= Exp(2.8444)
= $17.19
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 910.25% per annum.
- FULT price at the close of May 17, 2024 was inside the secondary price channel.