Juniper Networks Inc (JNPR)
Juniper Networks, Inc. is an American multinational corporation headquartered in Sunnyvale, California. The company develops and markets networking products, including routers, switches, network management software, network security products, and software-defined networking technology.
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 140.89% per annum.
- JNPR price at the close of May 8, 2024 was $34.59 and was lower than the bottom border of the primary price channel by $3.15 (8.35%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 1.57% per annum.
- JNPR price at the close of May 8, 2024 was lower than the bottom border of the secondary price channel by $1.70 (4.68%).
- 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 JNPR 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: September 21, 2023
End date: April 10, 2024
a = -0.6392
b = 0.0024
s = 0.0641
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0024) – 1
= 140.89%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0641) – 1
= 29.24%
September 21, 2023 calculations
Top border of price channel:
Exp(Y1,100)
= Exp(a + b × X1,100 + 2 × s)
= Exp(a + b × 1,596 + 2 × s)
= Exp(-0.6392 + 0.0024 × 1,596 + 2 × 0.0641)
= Exp(3.3333)
= $28.03
Bottom border of price channel:
Exp(Y1,100)
= Exp(a + b × X1,100 – 2 × s)
= Exp(a + b × 1,596 – 2 × s)
= Exp(-0.6392 + 0.0024 × 1,596 – 2 × 0.0641)
= Exp(3.0768)
= $21.69
April 10, 2024 calculations
Top border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 + 2 × s)
= Exp(a + b × 1,798 + 2 × s)
= Exp(-0.6392 + 0.0024 × 1,798 + 2 × 0.0641)
= Exp(3.8199)
= $45.60
Bottom border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 – 2 × s)
= Exp(a + b × 1,798 – 2 × s)
= Exp(-0.6392 + 0.0024 × 1,798 – 2 × 0.0641)
= Exp(3.5633)
= $35.28
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 140.89% per annum.
- JNPR price at the close of May 8, 2024 was $34.59 and was lower than the bottom border of the primary price channel by $3.15 (8.35%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 9, 2024
End date: April 17, 2024
a = 3.6855
b = 0.0000
s = 0.0074
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= -1.57%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0074) – 1
= 3.01%
January 9, 2024 calculations
Top border of price channel:
Exp(Y1,175)
= Exp(a + b × X1,175 + 2 × s)
= Exp(a + b × 1,706 + 2 × s)
= Exp(3.6855 + 0.0000 × 1,706 + 2 × 0.0074)
= Exp(3.6263)
= $37.57
Bottom border of price channel:
Exp(Y1,175)
= Exp(a + b × X1,175 – 2 × s)
= Exp(a + b × 1,706 – 2 × s)
= Exp(3.6855 + 0.0000 × 1,706 – 2 × 0.0074)
= Exp(3.5967)
= $36.48
April 17, 2024 calculations
Top border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 + 2 × s)
= Exp(a + b × 1,805 + 2 × s)
= Exp(3.6855 + 0.0000 × 1,805 + 2 × 0.0074)
= Exp(3.6220)
= $37.41
Bottom border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 – 2 × s)
= Exp(a + b × 1,805 – 2 × s)
= Exp(3.6855 + 0.0000 × 1,805 – 2 × 0.0074)
= Exp(3.5924)
= $36.32
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 1.57% per annum.
- JNPR price at the close of May 8, 2024 was lower than the bottom border of the secondary price channel by $1.70 (4.68%).