Haemonetics Corporation (HAE)
Haemonetics Corporation, a healthcare company, offers medical products and solutions. The company is headquartered in Boston, Massachusetts.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 62.28% per annum.
- HAE price at the close of April 29, 2025 was $63.97 and was higher than the top border of the primary price channel by $2.49 (4.06%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 27.34% per annum.
- HAE price at the close of April 29, 2025 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 HAE 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 7, 2024
End date: April 23, 2025
a = 8.9047
b = -0.0027
s = 0.0441
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0027) – 1
= -62.28%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0441) – 1
= 19.29%
November 7, 2024 calculations
Top border of price channel:
Exp(Y1,139)
= Exp(a + b × X1,139 + 2 × s)
= Exp(a + b × 1,652 + 2 × s)
= Exp(8.9047 + -0.0027 × 1,652 + 2 × 0.0441)
= Exp(4.5807)
= $97.58
Bottom border of price channel:
Exp(Y1,139)
= Exp(a + b × X1,139 – 2 × s)
= Exp(a + b × 1,652 – 2 × s)
= Exp(8.9047 + -0.0027 × 1,652 – 2 × 0.0441)
= Exp(4.4043)
= $81.80
April 23, 2025 calculations
Top border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 + 2 × s)
= Exp(a + b × 1,819 + 2 × s)
= Exp(8.9047 + -0.0027 × 1,819 + 2 × 0.0441)
= Exp(4.1347)
= $62.47
Bottom border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 – 2 × s)
= Exp(a + b × 1,819 – 2 × s)
= Exp(8.9047 + -0.0027 × 1,819 – 2 × 0.0441)
= Exp(3.9583)
= $52.37
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 62.28% per annum.
- HAE price at the close of April 29, 2025 was $63.97 and was higher than the top border of the primary price channel by $2.49 (4.06%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: February 6, 2025
End date: April 29, 2025
a = 5.7023
b = -0.0009
s = 0.0430
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -27.34%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0430) – 1
= 18.77%
February 6, 2025 calculations
Top border of price channel:
Exp(Y1,199)
= Exp(a + b × X1,199 + 2 × s)
= Exp(a + b × 1,743 + 2 × s)
= Exp(5.7023 + -0.0009 × 1,743 + 2 × 0.0430)
= Exp(4.2633)
= $71.04
Bottom border of price channel:
Exp(Y1,199)
= Exp(a + b × X1,199 – 2 × s)
= Exp(a + b × 1,743 – 2 × s)
= Exp(5.7023 + -0.0009 × 1,743 – 2 × 0.0430)
= Exp(4.0913)
= $59.82
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(5.7023 + -0.0009 × 1,825 + 2 × 0.0430)
= Exp(4.1916)
= $66.13
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.7023 + -0.0009 × 1,825 – 2 × 0.0430)
= Exp(4.0195)
= $55.68
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 27.34% per annum.
- HAE price at the close of April 29, 2025 was inside the secondary price channel.