Mettler-Toledo International Inc (MTD)
Mettler Toledo (NYSE: MTD) is a multinational manufacturer of scales and analytical instruments. It is the largest provider of weighing instruments for use in laboratory, industrial, and food retailing applications. The company also provides various analytical instruments, process analytics instruments, and end-of-line inspection systems.
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 104.35% per annum.
- MTD price at the close of April 29, 2025 was $1,065.23 and was lower than the bottom border of the primary price channel by $20,076.79 (94.96%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 3.89% per annum.
- MTD price at the close of April 29, 2025 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 MTD 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 11, 2021
End date: September 10, 2021
a = 6.4062
b = 0.0020
s = 0.0102
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0020) – 1
= 104.35%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0102) – 1
= 4.17%
June 11, 2021 calculations
Top border of price channel:
Exp(Y281)
= Exp(a + b × X281 + 2 × s)
= Exp(a + b × 407 + 2 × s)
= Exp(6.4062 + 0.0020 × 407 + 2 × 0.0102)
= Exp(7.2235)
= $1,371.30
Bottom border of price channel:
Exp(Y281)
= Exp(a + b × X281 – 2 × s)
= Exp(a + b × 407 – 2 × s)
= Exp(6.4062 + 0.0020 × 407 – 2 × 0.0102)
= Exp(7.1826)
= $1,316.35
September 10, 2021 calculations
Top border of price channel:
Exp(Y344)
= Exp(a + b × X344 + 2 × s)
= Exp(a + b × 498 + 2 × s)
= Exp(6.4062 + 0.0020 × 498 + 2 × 0.0102)
= Exp(7.4017)
= $1,638.75
Bottom border of price channel:
Exp(Y344)
= Exp(a + b × X344 – 2 × s)
= Exp(a + b × 498 – 2 × s)
= Exp(6.4062 + 0.0020 × 498 – 2 × 0.0102)
= Exp(7.3608)
= $1,573.08
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 104.35% per annum.
- MTD price at the close of April 29, 2025 was $1,065.23 and was lower than the bottom border of the primary price channel by $20,076.79 (94.96%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: June 11, 2021
End date: April 29, 2025
a = 7.3113
b = -0.0001
s = 0.1049
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -3.89%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1049) – 1
= 52.15%
June 11, 2021 calculations
Top border of price channel:
Exp(Y281)
= Exp(a + b × X281 + 2 × s)
= Exp(a + b × 407 + 2 × s)
= Exp(7.3113 + -0.0001 × 407 + 2 × 0.1049)
= Exp(7.4769)
= $1,766.71
Bottom border of price channel:
Exp(Y281)
= Exp(a + b × X281 – 2 × s)
= Exp(a + b × 407 – 2 × s)
= Exp(7.3113 + -0.0001 × 407 – 2 × 0.1049)
= Exp(7.0572)
= $1,161.19
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(7.3113 + -0.0001 × 1,825 + 2 × 0.1049)
= Exp(7.3226)
= $1,514.17
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(7.3113 + -0.0001 × 1,825 – 2 × 0.1049)
= Exp(6.9030)
= $995.21
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 3.89% per annum.
- MTD price at the close of April 29, 2025 was inside the secondary price channel.