Independent Bank (INDB)
Independent Bank Corp. The company is headquartered in Rockland, Massachusetts.
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 22.68% per annum.
- INDB price at the close of April 28, 2025 was $58.18 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 35.37% per annum.
- INDB price at the close of April 28, 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 INDB 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: May 1, 2023
End date: April 2, 2025
a = 3.1805
b = 0.0006
s = 0.0974
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 22.68%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0974) – 1
= 47.64%
May 1, 2023 calculations
Top border of price channel:
Exp(Y756)
= Exp(a + b × X756 + 2 × s)
= Exp(a + b × 1,097 + 2 × s)
= Exp(3.1805 + 0.0006 × 1,097 + 2 × 0.0974)
= Exp(3.9897)
= $54.04
Bottom border of price channel:
Exp(Y756)
= Exp(a + b × X756 – 2 × s)
= Exp(a + b × 1,097 – 2 × s)
= Exp(3.1805 + 0.0006 × 1,097 – 2 × 0.0974)
= Exp(3.6001)
= $36.60
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 + 2 × s)
= Exp(a + b × 1,799 + 2 × s)
= Exp(3.1805 + 0.0006 × 1,799 + 2 × 0.0974)
= Exp(4.3829)
= $80.07
Bottom border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(3.1805 + 0.0006 × 1,799 – 2 × 0.0974)
= Exp(3.9933)
= $54.23
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 22.68% per annum.
- INDB price at the close of April 28, 2025 was $58.18 and was inside the primary price channel.
Secondary Trend
Start date: November 6, 2024
End date: April 28, 2025
a = 6.2523
b = -0.0012
s = 0.0499
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -35.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0499) – 1
= 22.11%
November 6, 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(6.2523 + -0.0012 × 1,652 + 2 × 0.0499)
= Exp(4.3765)
= $79.56
Bottom border of price channel:
Exp(Y1,139)
= Exp(a + b × X1,139 – 2 × s)
= Exp(a + b × 1,652 – 2 × s)
= Exp(6.2523 + -0.0012 × 1,652 – 2 × 0.0499)
= Exp(4.1768)
= $65.16
April 28, 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(6.2523 + -0.0012 × 1,825 + 2 × 0.0499)
= Exp(4.1696)
= $64.69
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(6.2523 + -0.0012 × 1,825 – 2 × 0.0499)
= Exp(3.9699)
= $52.98
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 35.37% per annum.
- INDB price at the close of April 28, 2025 was inside the secondary price channel.