MaxLinear Inc (MXL)
MaxLinear, Inc. provides high-performance analog, radio frequency (RF) and mixed signal communications-on-chip (SoC) solutions for the connected home, wired and wireless infrastructure, and multi-market and industrial applications to world level. The company is headquartered in Carlsbad, California.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 40.34% per annum.
- MXL price at the close of May 7, 2024 was $20.37 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 27.42% per annum.
- MXL price at the close of May 7, 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 MXL 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: October 20, 2021
End date: May 7, 2024
a = 5.4223
b = -0.0014
s = 0.1447
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0014) – 1
= -40.34%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1447) – 1
= 78.35%
October 20, 2021 calculations
Top border of price channel:
Exp(Y619)
= Exp(a + b × X619 + 2 × s)
= Exp(a + b × 896 + 2 × s)
= Exp(5.4223 + -0.0014 × 896 + 2 × 0.1447)
= Exp(4.4438)
= $85.10
Bottom border of price channel:
Exp(Y619)
= Exp(a + b × X619 – 2 × s)
= Exp(a + b × 896 – 2 × s)
= Exp(5.4223 + -0.0014 × 896 – 2 × 0.1447)
= Exp(3.8652)
= $47.71
May 7, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(5.4223 + -0.0014 × 1,826 + 2 × 0.1447)
= Exp(3.1278)
= $22.82
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.4223 + -0.0014 × 1,826 – 2 × 0.1447)
= Exp(2.5492)
= $12.80
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 40.34% per annum.
- MXL price at the close of May 7, 2024 was $20.37 and was inside the primary price channel.
Secondary Trend
Start date: October 20, 2023
End date: May 7, 2024
a = 1.8341
b = 0.0007
s = 0.1063
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 27.42%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1063) – 1
= 53.01%
October 20, 2023 calculations
Top border of price channel:
Exp(Y1,122)
= Exp(a + b × X1,122 + 2 × s)
= Exp(a + b × 1,626 + 2 × s)
= Exp(1.8341 + 0.0007 × 1,626 + 2 × 0.1063)
= Exp(3.1261)
= $22.78
Bottom border of price channel:
Exp(Y1,122)
= Exp(a + b × X1,122 – 2 × s)
= Exp(a + b × 1,626 – 2 × s)
= Exp(1.8341 + 0.0007 × 1,626 – 2 × 0.1063)
= Exp(2.7008)
= $14.89
May 7, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(1.8341 + 0.0007 × 1,826 + 2 × 0.1063)
= Exp(3.2588)
= $26.02
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.8341 + 0.0007 × 1,826 – 2 × 0.1063)
= Exp(2.8335)
= $17.01
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 27.42% per annum.
- MXL price at the close of May 7, 2024 was inside the secondary price channel.