Macerich Company (MAC)
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 40.01% per annum.
- MAC price at the close of January 2, 2026 was $18.52 and was lower than the bottom border of the primary price channel by $1.20 (6.10%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 9.88% per annum.
- MAC price at the close of January 2, 2026 was inside the secondary price channel.
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 MAC 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: June 9, 2022
End date: March 6, 2025
a = 1.5470
b = 0.0009
s = 0.1235
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 40.01%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1235) – 1
= 63.86%
June 9, 2022 calculations
Top border of price channel:
Exp(Y361)
= Exp(a + b × X361 + 2 × s)
= Exp(a + b × 521 + 2 × s)
= Exp(1.5470 + 0.0009 × 521 + 2 × 0.1235)
= Exp(2.2743)
= $9.72
Bottom border of price channel:
Exp(Y361)
= Exp(a + b × X361 – 2 × s)
= Exp(a + b × 521 – 2 × s)
= Exp(1.5470 + 0.0009 × 521 – 2 × 0.1235)
= Exp(1.7804)
= $5.93
March 6, 2025 calculations
Top border of price channel:
Exp(Y1,047)
= Exp(a + b × X1,047 + 2 × s)
= Exp(a + b × 1,522 + 2 × s)
= Exp(1.5470 + 0.0009 × 1,522 + 2 × 0.1235)
= Exp(3.1972)
= $24.46
Bottom border of price channel:
Exp(Y1,047)
= Exp(a + b × X1,047 – 2 × s)
= Exp(a + b × 1,522 – 2 × s)
= Exp(1.5470 + 0.0009 × 1,522 – 2 × 0.1235)
= Exp(2.7033)
= $14.93
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 40.01% per annum.
- MAC price at the close of January 2, 2026 was $18.52 and was lower than the bottom border of the primary price channel by $1.20 (6.10%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: December 13, 2023
End date: January 2, 2026
a = 2.4135
b = 0.0003
s = 0.0989
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 9.88%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0989) – 1
= 48.54%
December 13, 2023 calculations
Top border of price channel:
Exp(Y741)
= Exp(a + b × X741 + 2 × s)
= Exp(a + b × 1,073 + 2 × s)
= Exp(2.4135 + 0.0003 × 1,073 + 2 × 0.0989)
= Exp(2.8884)
= $17.97
Bottom border of price channel:
Exp(Y741)
= Exp(a + b × X741 – 2 × s)
= Exp(a + b × 1,073 – 2 × s)
= Exp(2.4135 + 0.0003 × 1,073 – 2 × 0.0989)
= Exp(2.4928)
= $12.09
January 2, 2026 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.4135 + 0.0003 × 1,824 + 2 × 0.0989)
= Exp(3.0824)
= $21.81
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.4135 + 0.0003 × 1,824 – 2 × 0.0989)
= Exp(2.6867)
= $14.68
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 9.88% per annum.
- MAC price at the close of January 2, 2026 was inside the secondary price channel.