Stock Price Trends

GXO Logistics Inc (GXO)

None

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 29.10% per annum.
  • GXO price at the close of May 9, 2024 was $53.13 and was lower than the bottom border of the primary price channel by $0.39 (0.72%). This indicates a possible reversal in the primary trend direction.
  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 22.99% per annum.
  • GXO price at the close of May 9, 2024 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 GXO 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: June 13, 2022
End date: February 16, 2024

a = 3.4884

b = 0.0007

s = 0.1118

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 29.10%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.1118) – 1
= 56.42%

June 13, 2022 calculations

Top border of price channel:

Exp(Y225)
= Exp(a + b × X225 + 2 × s)
= Exp(a + b × 326 + 2 × s)
= Exp(3.4884 + 0.0007 × 326 + 2 × 0.1118)
= Exp(3.9403)
= $51.43

Bottom border of price channel:

Exp(Y225)
= Exp(a + b × X225 – 2 × s)
= Exp(a + b × 326 – 2 × s)
= Exp(3.4884 + 0.0007 × 326 – 2 × 0.1118)
= Exp(3.4929)
= $32.88

February 16, 2024 calculations

Top border of price channel:

Exp(Y647)
= Exp(a + b × X647 + 2 × s)
= Exp(a + b × 939 + 2 × s)
= Exp(3.4884 + 0.0007 × 939 + 2 × 0.1118)
= Exp(4.3693)
= $78.99

Bottom border of price channel:

Exp(Y647)
= Exp(a + b × X647 – 2 × s)
= Exp(a + b × 939 – 2 × s)
= Exp(3.4884 + 0.0007 × 939 – 2 × 0.1118)
= Exp(3.9219)
= $50.50

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 29.10% per annum.
  • GXO price at the close of May 9, 2024 was $53.13 and was lower than the bottom border of the primary price channel by $0.39 (0.72%). This indicates a possible reversal in the primary trend direction.

Secondary Trend

Start date: June 6, 2023
End date: May 9, 2024

a = 4.6501

b = -0.0007

s = 0.0544

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -22.99%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0544) – 1
= 24.33%

June 6, 2023 calculations

Top border of price channel:

Exp(Y471)
= Exp(a + b × X471 + 2 × s)
= Exp(a + b × 684 + 2 × s)
= Exp(4.6501 + -0.0007 × 684 + 2 × 0.0544)
= Exp(4.2694)
= $71.48

Bottom border of price channel:

Exp(Y471)
= Exp(a + b × X471 – 2 × s)
= Exp(a + b × 684 – 2 × s)
= Exp(4.6501 + -0.0007 × 684 – 2 × 0.0544)
= Exp(4.0516)
= $57.49

May 9, 2024 calculations

Top border of price channel:

Exp(Y704)
= Exp(a + b × X704 + 2 × s)
= Exp(a + b × 1,022 + 2 × s)
= Exp(4.6501 + -0.0007 × 1,022 + 2 × 0.0544)
= Exp(4.0274)
= $56.12

Bottom border of price channel:

Exp(Y704)
= Exp(a + b × X704 – 2 × s)
= Exp(a + b × 1,022 – 2 × s)
= Exp(4.6501 + -0.0007 × 1,022 – 2 × 0.0544)
= Exp(3.8096)
= $45.13

Description

  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 22.99% per annum.
  • GXO price at the close of May 9, 2024 was inside the secondary price channel.