# Payoneer Global Inc (PAYO)

Payoneer Inc. operates a cross-border commerce and payment platform that makes it easy for digital businesses, online sellers and freelancers around the world to receive and manage their international payments. The company is headquartered in New York, New York with additional offices in the United States and internationally.

## Stock Price Trends

Stock price trends estimated using linear regression.

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#### Key facts

• The primary trend is increasing.
• The growth rate of the primary trend is 33.66% per annum.
• PAYO price at the close of May 24, 2024 was \$6.03 and was lower than the bottom border of the primary price channel by \$0.78 (11.48%). This indicates a possible reversal in the primary trend direction.
• The secondary trend is decreasing.
• The decline rate of the secondary trend is 12.85% per annum.
• PAYO price at the close of May 24, 2024 was higher than the top border of the secondary price channel by \$0.04 (0.70%). 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 PAYO 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:
End date:

a =

b =

s =

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × ) – 1
=

Exp(4 × s) – 1
= Exp(4 × ) – 1
=

#### January 19, 2022 calculations

Top border of price channel:

Exp(Y)
= Exp(a + b × X + 2 × s)
= Exp(a + b × + 2 × s)
= Exp( + × + 2 × )
= Exp()
= \$

Bottom border of price channel:

Exp(Y)
= Exp(a + b × X – 2 × s)
= Exp(a + b × – 2 × s)
= Exp( + × – 2 × )
= Exp()
= \$

#### April 20, 2023 calculations

Top border of price channel:

Exp(Y)
= Exp(a + b × X + 2 × s)
= Exp(a + b × + 2 × s)
= Exp( + × + 2 × )
= Exp()
= \$

Bottom border of price channel:

Exp(Y)
= Exp(a + b × X – 2 × s)
= Exp(a + b × – 2 × s)
= Exp( + × – 2 × )
= Exp()
= \$

#### Description

• The primary trend is increasing.
• The growth rate of the primary trend is 33.66% per annum.
• PAYO price at the close of May 24, 2024 was \$6.03 and was lower than the bottom border of the primary price channel by \$0.78 (11.48%). This indicates a possible reversal in the primary trend direction.

### Secondary Trend

Start date:
End date:

a =

b =

s =

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × ) – 1
=

Exp(4 × s) – 1
= Exp(4 × ) – 1
=

#### July 15, 2022 calculations

Top border of price channel:

Exp(Y)
= Exp(a + b × X + 2 × s)
= Exp(a + b × + 2 × s)
= Exp( + × + 2 × )
= Exp()
= \$

Bottom border of price channel:

Exp(Y)
= Exp(a + b × X – 2 × s)
= Exp(a + b × – 2 × s)
= Exp( + × – 2 × )
= Exp()
= \$

#### May 7, 2024 calculations

Top border of price channel:

Exp(Y)
= Exp(a + b × X + 2 × s)
= Exp(a + b × + 2 × s)
= Exp( + × + 2 × )
= Exp()
= \$

Bottom border of price channel:

Exp(Y)
= Exp(a + b × X – 2 × s)
= Exp(a + b × – 2 × s)
= Exp( + × – 2 × )
= Exp()
= \$

#### Description

• The secondary trend is decreasing.
• The decline rate of the secondary trend is 12.85% per annum.
• PAYO price at the close of May 24, 2024 was higher than the top border of the secondary price channel by \$0.04 (0.70%). This indicates a possible reversal in the secondary trend direction.