JB Hunt Transport Services Inc (JBHT)
J.B. Hunt Transport Services, Inc. is an American transportation and logistics company based in Lowell, Arkansas.
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 13.69% per annum.
- JBHT price at the close of July 11, 2025 was $153.57 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 39.05% per annum.
- JBHT price at the close of July 11, 2025 was higher than the top border of the secondary price channel by $3.77 (2.51%). This indicates a possible reversal in the secondary trend direction.
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 JBHT 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: July 18, 2023
End date: July 11, 2025
a = 5.7311
b = -0.0004
s = 0.0803
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -13.69%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0803) – 1
= 37.87%
July 18, 2023 calculations
Top border of price channel:
Exp(Y758)
= Exp(a + b × X758 + 2 × s)
= Exp(a + b × 1,100 + 2 × s)
= Exp(5.7311 + -0.0004 × 1,100 + 2 × 0.0803)
= Exp(5.4481)
= $232.32
Bottom border of price channel:
Exp(Y758)
= Exp(a + b × X758 – 2 × s)
= Exp(a + b × 1,100 – 2 × s)
= Exp(5.7311 + -0.0004 × 1,100 – 2 × 0.0803)
= Exp(5.1270)
= $168.50
July 11, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(5.7311 + -0.0004 × 1,824 + 2 × 0.0803)
= Exp(5.1562)
= $173.50
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(5.7311 + -0.0004 × 1,824 – 2 × 0.0803)
= Exp(4.8350)
= $125.84
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 13.69% per annum.
- JBHT price at the close of July 11, 2025 was $153.57 and was inside the primary price channel.
Secondary Trend
Start date: October 28, 2024
End date: July 11, 2025
a = 7.3594
b = -0.0014
s = 0.0620
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0014) – 1
= -39.05%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0620) – 1
= 28.13%
October 28, 2024 calculations
Top border of price channel:
Exp(Y1,081)
= Exp(a + b × X1,081 + 2 × s)
= Exp(a + b × 1,568 + 2 × s)
= Exp(7.3594 + -0.0014 × 1,568 + 2 × 0.0620)
= Exp(5.3566)
= $211.99
Bottom border of price channel:
Exp(Y1,081)
= Exp(a + b × X1,081 – 2 × s)
= Exp(a + b × 1,568 – 2 × s)
= Exp(7.3594 + -0.0014 × 1,568 – 2 × 0.0620)
= Exp(5.1087)
= $165.45
July 11, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(7.3594 + -0.0014 × 1,824 + 2 × 0.0620)
= Exp(5.0093)
= $149.80
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(7.3594 + -0.0014 × 1,824 – 2 × 0.0620)
= Exp(4.7614)
= $116.91
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 39.05% per annum.
- JBHT price at the close of July 11, 2025 was higher than the top border of the secondary price channel by $3.77 (2.51%). This indicates a possible reversal in the secondary trend direction.