Myriad Genetics Inc (MYGN)
Myriad Genetics, Inc. is a leading molecular diagnostics company that specializes in developing and marketing innovative tests for predictive, personalized, and prognostic medicine to enhance patient care. Headquartered in Salt Lake City, Utah, the company’s advanced genetic testing solutions focus on significant areas including oncology, hereditary cancer, and reproductive health, enabling healthcare professionals to make informed decisions tailored to individual patient needs. With a commitment to advancing the field of genetic medicine, Myriad continues to expand its portfolio, integrating cutting-edge technology and research to improve patient outcomes both in the United States and globally.
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 80.54% per annum.
- MYGN price at the close of November 6, 2025 was $6.33 and was higher than the top border of the primary price channel by $1.29 (25.60%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 351.65% per annum.
- MYGN price at the close of November 6, 2025 was lower than the bottom border of the secondary price channel by $0.43 (6.34%). This indicates a possible reversal in the secondary trend direction.
- 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 MYGN 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: May 8, 2024
End date: August 27, 2025
a = 9.3399
b = -0.0045
s = 0.2267
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0045) – 1
= -80.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.2267) – 1
= 147.61%
May 8, 2024 calculations
Top border of price channel:
Exp(Y878)
= Exp(a + b × X878 + 2 × s)
= Exp(a + b × 1,276 + 2 × s)
= Exp(9.3399 + -0.0045 × 1,276 + 2 × 0.2267)
= Exp(4.0706)
= $58.59
Bottom border of price channel:
Exp(Y878)
= Exp(a + b × X878 – 2 × s)
= Exp(a + b × 1,276 – 2 × s)
= Exp(9.3399 + -0.0045 × 1,276 – 2 × 0.2267)
= Exp(3.1639)
= $23.66
August 27, 2025 calculations
Top border of price channel:
Exp(Y1,204)
= Exp(a + b × X1,204 + 2 × s)
= Exp(a + b × 1,752 + 2 × s)
= Exp(9.3399 + -0.0045 × 1,752 + 2 × 0.2267)
= Exp(1.9358)
= $6.93
Bottom border of price channel:
Exp(Y1,204)
= Exp(a + b × X1,204 – 2 × s)
= Exp(a + b × 1,752 – 2 × s)
= Exp(9.3399 + -0.0045 × 1,752 – 2 × 0.2267)
= Exp(1.0291)
= $2.80
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 80.54% per annum.
- MYGN price at the close of November 6, 2025 was $6.33 and was higher than the top border of the primary price channel by $1.29 (25.60%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: May 7, 2025
End date: November 3, 2025
a = -5.3977
b = 0.0041
s = 0.1109
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0041) – 1
= 351.65%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1109) – 1
= 55.84%
May 7, 2025 calculations
Top border of price channel:
Exp(Y1,127)
= Exp(a + b × X1,127 + 2 × s)
= Exp(a + b × 1,640 + 2 × s)
= Exp(-5.3977 + 0.0041 × 1,640 + 2 × 0.1109)
= Exp(1.5986)
= $4.95
Bottom border of price channel:
Exp(Y1,127)
= Exp(a + b × X1,127 – 2 × s)
= Exp(a + b × 1,640 – 2 × s)
= Exp(-5.3977 + 0.0041 × 1,640 – 2 × 0.1109)
= Exp(1.1549)
= $3.17
November 3, 2025 calculations
Top border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(-5.3977 + 0.0041 × 1,820 + 2 × 0.1109)
= Exp(2.3421)
= $10.40
Bottom border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(-5.3977 + 0.0041 × 1,820 – 2 × 0.1109)
= Exp(1.8984)
= $6.68
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 351.65% per annum.
- MYGN price at the close of November 6, 2025 was lower than the bottom border of the secondary price channel by $0.43 (6.34%). This indicates a possible reversal in the secondary trend direction.