JetBlue Airways Corp (JBLU)
JetBlue Airways Corporation provides passenger air transportation services. The company is headquartered in Long Island City, New York.
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 39.91% per annum.
- JBLU price at the close of May 8, 2024 was $5.69 and was higher than the top border of the primary price channel by $0.39 (7.27%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 177.60% per annum.
- JBLU price at the close of May 8, 2024 was lower than the bottom border of the secondary price channel by $0.76 (11.84%). 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 JBLU 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: February 16, 2021
End date: January 31, 2024
a = 3.9345
b = -0.0014
s = 0.1411
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0014) – 1
= -39.91%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1411) – 1
= 75.84%
February 16, 2021 calculations
Top border of price channel:
Exp(Y446)
= Exp(a + b × X446 + 2 × s)
= Exp(a + b × 649 + 2 × s)
= Exp(3.9345 + -0.0014 × 649 + 2 × 0.1411)
= Exp(3.3110)
= $27.41
Bottom border of price channel:
Exp(Y446)
= Exp(a + b × X446 – 2 × s)
= Exp(a + b × 649 – 2 × s)
= Exp(3.9345 + -0.0014 × 649 – 2 × 0.1411)
= Exp(2.7466)
= $15.59
January 31, 2024 calculations
Top border of price channel:
Exp(Y1,190)
= Exp(a + b × X1,190 + 2 × s)
= Exp(a + b × 1,728 + 2 × s)
= Exp(3.9345 + -0.0014 × 1,728 + 2 × 0.1411)
= Exp(1.8053)
= $6.08
Bottom border of price channel:
Exp(Y1,190)
= Exp(a + b × X1,190 – 2 × s)
= Exp(a + b × 1,728 – 2 × s)
= Exp(3.9345 + -0.0014 × 1,728 – 2 × 0.1411)
= Exp(1.2408)
= $3.46
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 39.91% per annum.
- JBLU price at the close of May 8, 2024 was $5.69 and was higher than the top border of the primary price channel by $0.39 (7.27%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 18, 2023
End date: April 22, 2024
a = -3.0647
b = 0.0028
s = 0.0892
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0028) – 1
= 177.60%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0892) – 1
= 42.90%
September 18, 2023 calculations
Top border of price channel:
Exp(Y1,097)
= Exp(a + b × X1,097 + 2 × s)
= Exp(a + b × 1,593 + 2 × s)
= Exp(-3.0647 + 0.0028 × 1,593 + 2 × 0.0892)
= Exp(1.5699)
= $4.81
Bottom border of price channel:
Exp(Y1,097)
= Exp(a + b × X1,097 – 2 × s)
= Exp(a + b × 1,593 – 2 × s)
= Exp(-3.0647 + 0.0028 × 1,593 – 2 × 0.0892)
= Exp(1.2129)
= $3.36
April 22, 2024 calculations
Top border of price channel:
Exp(Y1,246)
= Exp(a + b × X1,246 + 2 × s)
= Exp(a + b × 1,810 + 2 × s)
= Exp(-3.0647 + 0.0028 × 1,810 + 2 × 0.0892)
= Exp(2.1769)
= $8.82
Bottom border of price channel:
Exp(Y1,246)
= Exp(a + b × X1,246 – 2 × s)
= Exp(a + b × 1,810 – 2 × s)
= Exp(-3.0647 + 0.0028 × 1,810 – 2 × 0.0892)
= Exp(1.8199)
= $6.17
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 177.60% per annum.
- JBLU price at the close of May 8, 2024 was lower than the bottom border of the secondary price channel by $0.76 (11.84%). This indicates a possible reversal in the secondary trend direction.