Kyndryl Holdings Inc (KD)
None
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 99.34% per annum.
- KD price at the close of July 25, 2024 was $26.63 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 9.79% per annum.
- KD price at the close of July 25, 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 KD 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: May 17, 2023
End date: July 25, 2024
a = 1.4235
b = 0.0019
s = 0.0735
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 99.34%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0735) – 1
= 34.15%
May 17, 2023 calculations
Top border of price channel:
Exp(Y393)
= Exp(a + b × X393 + 2 × s)
= Exp(a + b × 572 + 2 × s)
= Exp(1.4235 + 0.0019 × 572 + 2 × 0.0735)
= Exp(2.6515)
= $14.18
Bottom border of price channel:
Exp(Y393)
= Exp(a + b × X393 – 2 × s)
= Exp(a + b × 572 – 2 × s)
= Exp(1.4235 + 0.0019 × 572 – 2 × 0.0735)
= Exp(2.3577)
= $10.57
July 25, 2024 calculations
Top border of price channel:
Exp(Y691)
= Exp(a + b × X691 + 2 × s)
= Exp(a + b × 1,007 + 2 × s)
= Exp(1.4235 + 0.0019 × 1,007 + 2 × 0.0735)
= Exp(3.4736)
= $32.25
Bottom border of price channel:
Exp(Y691)
= Exp(a + b × X691 – 2 × s)
= Exp(a + b × 1,007 – 2 × s)
= Exp(1.4235 + 0.0019 × 1,007 – 2 × 0.0735)
= Exp(3.1798)
= $24.04
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 99.34% per annum.
- KD price at the close of July 25, 2024 was $26.63 and was inside the primary price channel.
Secondary Trend
Start date: May 8, 2024
End date: July 25, 2024
a = 3.5524
b = -0.0003
s = 0.0294
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -9.79%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0294) – 1
= 12.48%
May 8, 2024 calculations
Top border of price channel:
Exp(Y638)
= Exp(a + b × X638 + 2 × s)
= Exp(a + b × 929 + 2 × s)
= Exp(3.5524 + -0.0003 × 929 + 2 × 0.0294)
= Exp(3.3491)
= $28.48
Bottom border of price channel:
Exp(Y638)
= Exp(a + b × X638 – 2 × s)
= Exp(a + b × 929 – 2 × s)
= Exp(3.5524 + -0.0003 × 929 – 2 × 0.0294)
= Exp(3.2315)
= $25.32
July 25, 2024 calculations
Top border of price channel:
Exp(Y691)
= Exp(a + b × X691 + 2 × s)
= Exp(a + b × 1,007 + 2 × s)
= Exp(3.5524 + -0.0003 × 1,007 + 2 × 0.0294)
= Exp(3.3271)
= $27.86
Bottom border of price channel:
Exp(Y691)
= Exp(a + b × X691 – 2 × s)
= Exp(a + b × 1,007 – 2 × s)
= Exp(3.5524 + -0.0003 × 1,007 – 2 × 0.0294)
= Exp(3.2095)
= $24.77
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 9.79% per annum.
- KD price at the close of July 25, 2024 was inside the secondary price channel.