Global Payments Inc (GPN)
Global Payments Inc. is an American company providing financial technology services globally headquartered in Atlanta, Georgia.
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 22.58% per annum.
- GPN price at the close of May 8, 2024 was $111.06 and was lower than the bottom border of the primary price channel by $5.37 (4.61%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 31.63% per annum.
- GPN price at the close of May 8, 2024 was lower than the bottom border of the secondary price channel by $7.47 (6.30%).
- 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 GPN 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 2, 2022
End date: April 30, 2024
a = 3.8652
b = 0.0006
s = 0.0632
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 22.58%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0632) – 1
= 28.76%
November 2, 2022 calculations
Top border of price channel:
Exp(Y879)
= Exp(a + b × X879 + 2 × s)
= Exp(a + b × 1,273 + 2 × s)
= Exp(3.8652 + 0.0006 × 1,273 + 2 × 0.0632)
= Exp(4.7016)
= $110.13
Bottom border of price channel:
Exp(Y879)
= Exp(a + b × X879 – 2 × s)
= Exp(a + b × 1,273 – 2 × s)
= Exp(3.8652 + 0.0006 × 1,273 – 2 × 0.0632)
= Exp(4.4488)
= $85.53
April 30, 2024 calculations
Top border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 + 2 × s)
= Exp(a + b × 1,818 + 2 × s)
= Exp(3.8652 + 0.0006 × 1,818 + 2 × 0.0632)
= Exp(5.0056)
= $149.25
Bottom border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 – 2 × s)
= Exp(a + b × 1,818 – 2 × s)
= Exp(3.8652 + 0.0006 × 1,818 – 2 × 0.0632)
= Exp(4.7528)
= $115.91
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 22.58% per annum.
- GPN price at the close of May 8, 2024 was $111.06 and was lower than the bottom border of the primary price channel by $5.37 (4.61%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 26, 2024
End date: April 30, 2024
a = 6.7149
b = -0.0010
s = 0.0188
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -31.63%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0188) – 1
= 7.79%
January 26, 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(6.7149 + -0.0010 × 1,723 + 2 × 0.0188)
= Exp(4.9574)
= $142.23
Bottom border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 – 2 × s)
= Exp(a + b × 1,723 – 2 × s)
= Exp(6.7149 + -0.0010 × 1,723 – 2 × 0.0188)
= Exp(4.8824)
= $131.95
April 30, 2024 calculations
Top border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 + 2 × s)
= Exp(a + b × 1,818 + 2 × s)
= Exp(6.7149 + -0.0010 × 1,818 + 2 × 0.0188)
= Exp(4.8585)
= $128.83
Bottom border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 – 2 × s)
= Exp(a + b × 1,818 – 2 × s)
= Exp(6.7149 + -0.0010 × 1,818 – 2 × 0.0188)
= Exp(4.7835)
= $119.52
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 31.63% per annum.
- GPN price at the close of May 8, 2024 was lower than the bottom border of the secondary price channel by $7.47 (6.30%).