PTC Inc (PTC)
PTC Inc. is an American computer software and services company founded in 1985 and headquartered in Boston, Massachusetts.
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 47.62% per annum.
- PTC price at the close of May 9, 2024 was $180.00 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 49.81% per annum.
- PTC price at the close of May 9, 2024 was higher than the top border of the secondary price channel by $2.03 (1.14%). 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 PTC 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: February 27, 2023
End date: April 29, 2024
a = 3.3035
b = 0.0011
s = 0.0418
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 47.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0418) – 1
= 18.20%
February 27, 2023 calculations
Top border of price channel:
Exp(Y956)
= Exp(a + b × X956 + 2 × s)
= Exp(a + b × 1,389 + 2 × s)
= Exp(3.3035 + 0.0011 × 1,389 + 2 × 0.0418)
= Exp(4.8692)
= $130.21
Bottom border of price channel:
Exp(Y956)
= Exp(a + b × X956 – 2 × s)
= Exp(a + b × 1,389 – 2 × s)
= Exp(3.3035 + 0.0011 × 1,389 – 2 × 0.0418)
= Exp(4.7020)
= $110.17
April 29, 2024 calculations
Top border of price channel:
Exp(Y1,250)
= Exp(a + b × X1,250 + 2 × s)
= Exp(a + b × 1,816 + 2 × s)
= Exp(3.3035 + 0.0011 × 1,816 + 2 × 0.0418)
= Exp(5.3248)
= $205.36
Bottom border of price channel:
Exp(Y1,250)
= Exp(a + b × X1,250 – 2 × s)
= Exp(a + b × 1,816 – 2 × s)
= Exp(3.3035 + 0.0011 × 1,816 – 2 × 0.0418)
= Exp(5.1576)
= $173.74
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 47.62% per annum.
- PTC price at the close of May 9, 2024 was $180.00 and was inside the primary price channel.
Secondary Trend
Start date: March 19, 2024
End date: May 3, 2024
a = 8.6024
b = -0.0019
s = 0.0137
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0019) – 1
= -49.81%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0137) – 1
= 5.65%
March 19, 2024 calculations
Top border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 + 2 × s)
= Exp(a + b × 1,775 + 2 × s)
= Exp(8.6024 + -0.0019 × 1,775 + 2 × 0.0137)
= Exp(5.2779)
= $195.96
Bottom border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 – 2 × s)
= Exp(a + b × 1,775 – 2 × s)
= Exp(8.6024 + -0.0019 × 1,775 – 2 × 0.0137)
= Exp(5.2229)
= $185.48
May 3, 2024 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(8.6024 + -0.0019 × 1,820 + 2 × 0.0137)
= Exp(5.1929)
= $180.00
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(8.6024 + -0.0019 × 1,820 – 2 × 0.0137)
= Exp(5.1379)
= $170.37
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 49.81% per annum.
- PTC price at the close of May 9, 2024 was higher than the top border of the secondary price channel by $2.03 (1.14%). This indicates a possible reversal in the secondary trend direction.