Green Dot Corporation (GDOT)
Green Dot Corporation is a banking and fintech holding company in the United States. The company is headquartered in Pasadena, California.
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 31.58% per annum.
- GDOT price at the close of April 25, 2025 was $8.19 and was lower than the bottom border of the primary price channel by $2.53 (23.60%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 59.03% per annum.
- GDOT price at the close of April 25, 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 GDOT 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: November 10, 2023
End date: January 2, 2025
a = 1.1463
b = 0.0008
s = 0.0724
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 31.58%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0724) – 1
= 33.61%
November 10, 2023 calculations
Top border of price channel:
Exp(Y892)
= Exp(a + b × X892 + 2 × s)
= Exp(a + b × 1,291 + 2 × s)
= Exp(1.1463 + 0.0008 × 1,291 + 2 × 0.0724)
= Exp(2.2618)
= $9.60
Bottom border of price channel:
Exp(Y892)
= Exp(a + b × X892 – 2 × s)
= Exp(a + b × 1,291 – 2 × s)
= Exp(1.1463 + 0.0008 × 1,291 – 2 × 0.0724)
= Exp(1.9721)
= $7.19
January 2, 2025 calculations
Top border of price channel:
Exp(Y1,178)
= Exp(a + b × X1,178 + 2 × s)
= Exp(a + b × 1,710 + 2 × s)
= Exp(1.1463 + 0.0008 × 1,710 + 2 × 0.0724)
= Exp(2.5769)
= $13.16
Bottom border of price channel:
Exp(Y1,178)
= Exp(a + b × X1,178 – 2 × s)
= Exp(a + b × 1,710 – 2 × s)
= Exp(1.1463 + 0.0008 × 1,710 – 2 × 0.0724)
= Exp(2.2871)
= $9.85
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 31.58% per annum.
- GDOT price at the close of April 25, 2025 was $8.19 and was lower than the bottom border of the primary price channel by $2.53 (23.60%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 13, 2024
End date: April 24, 2025
a = 6.4414
b = -0.0024
s = 0.0718
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0024) – 1
= -59.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0718) – 1
= 33.27%
September 13, 2024 calculations
Top border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 + 2 × s)
= Exp(a + b × 1,599 + 2 × s)
= Exp(6.4414 + -0.0024 × 1,599 + 2 × 0.0718)
= Exp(2.6762)
= $14.53
Bottom border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 – 2 × s)
= Exp(a + b × 1,599 – 2 × s)
= Exp(6.4414 + -0.0024 × 1,599 – 2 × 0.0718)
= Exp(2.3890)
= $10.90
April 24, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,822 + 2 × s)
= Exp(6.4414 + -0.0024 × 1,822 + 2 × 0.0718)
= Exp(2.1311)
= $8.42
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,822 – 2 × s)
= Exp(6.4414 + -0.0024 × 1,822 – 2 × 0.0718)
= Exp(1.8438)
= $6.32
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 59.03% per annum.
- GDOT price at the close of April 25, 2025 was inside the secondary price channel.