MasTec Inc (MTZ)
MasTec, Inc., an infrastructure construction company, provides engineering, construction, installation, maintenance, and upgrade services for communications, energy, utilities, and other infrastructure primarily in the United States and Canada. The company is headquartered in Coral Gables, Florida.
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 107.04% per annum.
- MTZ price at the close of April 25, 2025 was $125.11 and was lower than the bottom border of the primary price channel by $27.83 (18.20%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 39.30% per annum.
- MTZ price at the close of April 25, 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 MTZ 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: September 26, 2023
End date: February 11, 2025
a = 1.5794
b = 0.0020
s = 0.0931
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0020) – 1
= 107.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0931) – 1
= 45.09%
September 26, 2023 calculations
Top border of price channel:
Exp(Y860)
= Exp(a + b × X860 + 2 × s)
= Exp(a + b × 1,247 + 2 × s)
= Exp(1.5794 + 0.0020 × 1,247 + 2 × 0.0931)
= Exp(4.2518)
= $70.23
Bottom border of price channel:
Exp(Y860)
= Exp(a + b × X860 – 2 × s)
= Exp(a + b × 1,247 – 2 × s)
= Exp(1.5794 + 0.0020 × 1,247 – 2 × 0.0931)
= Exp(3.8796)
= $48.41
February 11, 2025 calculations
Top border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 + 2 × s)
= Exp(a + b × 1,751 + 2 × s)
= Exp(1.5794 + 0.0020 × 1,751 + 2 × 0.0931)
= Exp(5.2567)
= $191.85
Bottom border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 – 2 × s)
= Exp(a + b × 1,751 – 2 × s)
= Exp(1.5794 + 0.0020 × 1,751 – 2 × 0.0931)
= Exp(4.8845)
= $132.23
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 107.04% per annum.
- MTZ price at the close of April 25, 2025 was $125.11 and was lower than the bottom border of the primary price channel by $27.83 (18.20%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: November 5, 2024
End date: April 25, 2025
a = 7.2689
b = -0.0014
s = 0.0661
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0014) – 1
= -39.30%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0661) – 1
= 30.26%
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,140)
= Exp(a + b × X1,140 + 2 × s)
= Exp(a + b × 1,653 + 2 × s)
= Exp(7.2689 + -0.0014 × 1,653 + 2 × 0.0661)
= Exp(5.1399)
= $170.69
Bottom border of price channel:
Exp(Y1,140)
= Exp(a + b × X1,140 – 2 × s)
= Exp(a + b × 1,653 – 2 × s)
= Exp(7.2689 + -0.0014 × 1,653 – 2 × 0.0661)
= Exp(4.8755)
= $131.04
April 25, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(7.2689 + -0.0014 × 1,824 + 2 × 0.0661)
= Exp(4.9059)
= $135.09
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(7.2689 + -0.0014 × 1,824 – 2 × 0.0661)
= Exp(4.6416)
= $103.71
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 39.30% per annum.
- MTZ price at the close of April 25, 2025 was inside the secondary price channel.