Monarch Casino & Resort Inc (MCRI)
Monarch Casino & Resort, Inc., owns and operates the Atlantis Casino Resort Spa, a hotel / casino in Reno, Nevada. The company is headquartered in Reno, Nevada.
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 4.08% per annum.
- MCRI price at the close of April 28, 2025 was $77.22 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 26.74% per annum.
- MCRI price at the close of April 28, 2025 was lower than the bottom border of the secondary price channel by $3.20 (3.98%). 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 MCRI 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 22, 2021
End date: September 16, 2024
a = 4.0645
b = 0.0001
s = 0.0878
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 4.08%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0878) – 1
= 42.08%
February 22, 2021 calculations
Top border of price channel:
Exp(Y205)
= Exp(a + b × X205 + 2 × s)
= Exp(a + b × 299 + 2 × s)
= Exp(4.0645 + 0.0001 × 299 + 2 × 0.0878)
= Exp(4.2729)
= $71.73
Bottom border of price channel:
Exp(Y205)
= Exp(a + b × X205 – 2 × s)
= Exp(a + b × 299 – 2 × s)
= Exp(4.0645 + 0.0001 × 299 – 2 × 0.0878)
= Exp(3.9217)
= $50.48
September 16, 2024 calculations
Top border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 + 2 × s)
= Exp(a + b × 1,601 + 2 × s)
= Exp(4.0645 + 0.0001 × 1,601 + 2 × 0.0878)
= Exp(4.4157)
= $82.74
Bottom border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 – 2 × s)
= Exp(a + b × 1,601 – 2 × s)
= Exp(4.0645 + 0.0001 × 1,601 – 2 × 0.0878)
= Exp(4.0645)
= $58.23
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 4.08% per annum.
- MCRI price at the close of April 28, 2025 was $77.22 and was inside the primary price channel.
Secondary Trend
Start date: September 5, 2023
End date: March 24, 2025
a = 3.2927
b = 0.0006
s = 0.0450
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 26.74%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0450) – 1
= 19.74%
September 5, 2023 calculations
Top border of price channel:
Exp(Y843)
= Exp(a + b × X843 + 2 × s)
= Exp(a + b × 1,224 + 2 × s)
= Exp(3.2927 + 0.0006 × 1,224 + 2 × 0.0450)
= Exp(4.1773)
= $65.19
Bottom border of price channel:
Exp(Y843)
= Exp(a + b × X843 – 2 × s)
= Exp(a + b × 1,224 – 2 × s)
= Exp(3.2927 + 0.0006 × 1,224 – 2 × 0.0450)
= Exp(3.9971)
= $54.44
March 24, 2025 calculations
Top border of price channel:
Exp(Y1,231)
= Exp(a + b × X1,231 + 2 × s)
= Exp(a + b × 1,790 + 2 × s)
= Exp(3.2927 + 0.0006 × 1,790 + 2 × 0.0450)
= Exp(4.5447)
= $94.13
Bottom border of price channel:
Exp(Y1,231)
= Exp(a + b × X1,231 – 2 × s)
= Exp(a + b × 1,790 – 2 × s)
= Exp(3.2927 + 0.0006 × 1,790 – 2 × 0.0450)
= Exp(4.3645)
= $78.61
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 26.74% per annum.
- MCRI price at the close of April 28, 2025 was lower than the bottom border of the secondary price channel by $3.20 (3.98%). This indicates a possible reversal in the secondary trend direction.