HealthEquity Inc (HQY)
HealthEquity, Inc. provides technology-enabled service platforms to consumers and employers in the United States. The company is headquartered in Draper, Utah.
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 29.90% per annum.
- HQY price at the close of April 29, 2025 was $86.42 and was lower than the bottom border of the primary price channel by $2.22 (2.50%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 84.40% per annum.
- HQY price at the close of April 29, 2025 was higher than the top border of the secondary price channel by $3.84 (4.66%). This indicates a possible reversal in the secondary trend direction.
- 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 HQY 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: December 16, 2022
End date: March 18, 2025
a = 3.3285
b = 0.0007
s = 0.0759
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 29.90%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0759) – 1
= 35.46%
December 16, 2022 calculations
Top border of price channel:
Exp(Y664)
= Exp(a + b × X664 + 2 × s)
= Exp(a + b × 960 + 2 × s)
= Exp(3.3285 + 0.0007 × 960 + 2 × 0.0759)
= Exp(4.1682)
= $64.60
Bottom border of price channel:
Exp(Y664)
= Exp(a + b × X664 – 2 × s)
= Exp(a + b × 960 – 2 × s)
= Exp(3.3285 + 0.0007 × 960 – 2 × 0.0759)
= Exp(3.8647)
= $47.69
March 18, 2025 calculations
Top border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 + 2 × s)
= Exp(a + b × 1,783 + 2 × s)
= Exp(3.3285 + 0.0007 × 1,783 + 2 × 0.0759)
= Exp(4.7580)
= $116.51
Bottom border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 – 2 × s)
= Exp(a + b × 1,783 – 2 × s)
= Exp(3.3285 + 0.0007 × 1,783 – 2 × 0.0759)
= Exp(4.4545)
= $86.01
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 29.90% per annum.
- HQY price at the close of April 29, 2025 was $86.42 and was lower than the bottom border of the primary price channel by $2.22 (2.50%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 30, 2025
End date: April 22, 2025
a = 13.6144
b = -0.0051
s = 0.0445
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0051) – 1
= -84.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0445) – 1
= 19.50%
January 30, 2025 calculations
Top border of price channel:
Exp(Y1,194)
= Exp(a + b × X1,194 + 2 × s)
= Exp(a + b × 1,736 + 2 × s)
= Exp(13.6144 + -0.0051 × 1,736 + 2 × 0.0445)
= Exp(4.8668)
= $129.90
Bottom border of price channel:
Exp(Y1,194)
= Exp(a + b × X1,194 – 2 × s)
= Exp(a + b × 1,736 – 2 × s)
= Exp(13.6144 + -0.0051 × 1,736 – 2 × 0.0445)
= Exp(4.6886)
= $108.70
April 22, 2025 calculations
Top border of price channel:
Exp(Y1,250)
= Exp(a + b × X1,250 + 2 × s)
= Exp(a + b × 1,818 + 2 × s)
= Exp(13.6144 + -0.0051 × 1,818 + 2 × 0.0445)
= Exp(4.4493)
= $85.57
Bottom border of price channel:
Exp(Y1,250)
= Exp(a + b × X1,250 – 2 × s)
= Exp(a + b × 1,818 – 2 × s)
= Exp(13.6144 + -0.0051 × 1,818 – 2 × 0.0445)
= Exp(4.2712)
= $71.61
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 84.40% per annum.
- HQY price at the close of April 29, 2025 was higher than the top border of the secondary price channel by $3.84 (4.66%). This indicates a possible reversal in the secondary trend direction.