Nordstrom Inc (JWN)
Nordstrom, Inc., a fashion retailer, offers clothing, shoes, beauty, accessories, and household items for women, men, young adults, and children. The company is headquartered in Seattle, Washington.
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 47.63% per annum.
- JWN price at the close of April 28, 2025 was $24.16 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.95% per annum.
- JWN price at the close of April 28, 2025 was lower than the bottom border of the secondary price channel by $0.10 (0.41%). 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 JWN 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: August 24, 2023
End date: April 2, 2025
a = 1.3599
b = 0.0011
s = 0.0705
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 47.63%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0705) – 1
= 32.59%
August 24, 2023 calculations
Top border of price channel:
Exp(Y836)
= Exp(a + b × X836 + 2 × s)
= Exp(a + b × 1,212 + 2 × s)
= Exp(1.3599 + 0.0011 × 1,212 + 2 × 0.0705)
= Exp(2.7944)
= $16.35
Bottom border of price channel:
Exp(Y836)
= Exp(a + b × X836 – 2 × s)
= Exp(a + b × 1,212 – 2 × s)
= Exp(1.3599 + 0.0011 × 1,212 – 2 × 0.0705)
= Exp(2.5123)
= $12.33
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(1.3599 + 0.0011 × 1,799 + 2 × 0.0705)
= Exp(3.4208)
= $30.60
Bottom border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(1.3599 + 0.0011 × 1,799 – 2 × 0.0705)
= Exp(3.1387)
= $23.07
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 47.63% per annum.
- JWN price at the close of April 28, 2025 was $24.16 and was inside the primary price channel.
Secondary Trend
Start date: December 19, 2024
End date: April 2, 2025
a = 2.8143
b = 0.0002
s = 0.0041
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 7.95%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0041) – 1
= 1.64%
December 19, 2024 calculations
Top border of price channel:
Exp(Y1,169)
= Exp(a + b × X1,169 + 2 × s)
= Exp(a + b × 1,695 + 2 × s)
= Exp(2.8143 + 0.0002 × 1,695 + 2 × 0.0041)
= Exp(3.1778)
= $23.99
Bottom border of price channel:
Exp(Y1,169)
= Exp(a + b × X1,169 – 2 × s)
= Exp(a + b × 1,695 – 2 × s)
= Exp(2.8143 + 0.0002 × 1,695 – 2 × 0.0041)
= Exp(3.1616)
= $23.61
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(2.8143 + 0.0002 × 1,799 + 2 × 0.0041)
= Exp(3.1996)
= $24.52
Bottom border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(2.8143 + 0.0002 × 1,799 – 2 × 0.0041)
= Exp(3.1834)
= $24.13
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.95% per annum.
- JWN price at the close of April 28, 2025 was lower than the bottom border of the secondary price channel by $0.10 (0.41%). This indicates a possible reversal in the secondary trend direction.