Intuit Inc (INTU)
Intuit Inc. is an American business that specializes in financial software. Intuit's products include the tax preparation application TurboTax, personal finance app Mint and the small business accounting program QuickBooks.
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 51.97% per annum.
- INTU price at the close of April 26, 2024 was $636.55 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 27.56% per annum.
- INTU price at the close of April 26, 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 INTU 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 12, 2024
a = 4.4166
b = 0.0011
s = 0.0459
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 51.97%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0459) – 1
= 20.14%
November 2, 2022 calculations
Top border of price channel:
Exp(Y887)
= Exp(a + b × X887 + 2 × s)
= Exp(a + b × 1,283 + 2 × s)
= Exp(4.4166 + 0.0011 × 1,283 + 2 × 0.0459)
= Exp(5.9796)
= $395.27
Bottom border of price channel:
Exp(Y887)
= Exp(a + b × X887 – 2 × s)
= Exp(a + b × 1,283 – 2 × s)
= Exp(4.4166 + 0.0011 × 1,283 – 2 × 0.0459)
= Exp(5.7961)
= $329.00
April 12, 2024 calculations
Top border of price channel:
Exp(Y1,248)
= Exp(a + b × X1,248 + 2 × s)
= Exp(a + b × 1,810 + 2 × s)
= Exp(4.4166 + 0.0011 × 1,810 + 2 × 0.0459)
= Exp(6.5839)
= $723.34
Bottom border of price channel:
Exp(Y1,248)
= Exp(a + b × X1,248 – 2 × s)
= Exp(a + b × 1,810 – 2 × s)
= Exp(4.4166 + 0.0011 × 1,810 – 2 × 0.0459)
= Exp(6.4004)
= $602.07
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 51.97% per annum.
- INTU price at the close of April 26, 2024 was $636.55 and was inside the primary price channel.
Secondary Trend
Start date: February 8, 2024
End date: April 25, 2024
a = 8.0394
b = -0.0009
s = 0.0172
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -27.56%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0172) – 1
= 7.10%
February 8, 2024 calculations
Top border of price channel:
Exp(Y1,204)
= Exp(a + b × X1,204 + 2 × s)
= Exp(a + b × 1,746 + 2 × s)
= Exp(8.0394 + -0.0009 × 1,746 + 2 × 0.0172)
= Exp(6.5317)
= $686.57
Bottom border of price channel:
Exp(Y1,204)
= Exp(a + b × X1,204 – 2 × s)
= Exp(a + b × 1,746 – 2 × s)
= Exp(8.0394 + -0.0009 × 1,746 – 2 × 0.0172)
= Exp(6.4631)
= $641.05
April 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(8.0394 + -0.0009 × 1,823 + 2 × 0.0172)
= Exp(6.4637)
= $641.43
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(8.0394 + -0.0009 × 1,823 – 2 × 0.0172)
= Exp(6.3951)
= $598.90
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 27.56% per annum.
- INTU price at the close of April 26, 2024 was inside the secondary price channel.