RB Global Inc. (RBA)
Ritchie Bros. The company is headquartered in Burnaby, Canada.
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 36.73% per annum.
- RBA price at the close of April 29, 2025 was $99.15 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 26.22% per annum.
- RBA price at the close of April 29, 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 RBA 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: March 10, 2023
End date: April 29, 2025
a = 3.0479
b = 0.0009
s = 0.0444
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 36.73%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0444) – 1
= 19.46%
March 10, 2023 calculations
Top border of price channel:
Exp(Y720)
= Exp(a + b × X720 + 2 × s)
= Exp(a + b × 1,044 + 2 × s)
= Exp(3.0479 + 0.0009 × 1,044 + 2 × 0.0444)
= Exp(4.0316)
= $56.35
Bottom border of price channel:
Exp(Y720)
= Exp(a + b × X720 – 2 × s)
= Exp(a + b × 1,044 – 2 × s)
= Exp(3.0479 + 0.0009 × 1,044 – 2 × 0.0444)
= Exp(3.8538)
= $47.17
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.0479 + 0.0009 × 1,825 + 2 × 0.0444)
= Exp(4.7009)
= $110.05
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.0479 + 0.0009 × 1,825 – 2 × 0.0444)
= Exp(4.5231)
= $92.12
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 36.73% per annum.
- RBA price at the close of April 29, 2025 was $99.15 and was inside the primary price channel.
Secondary Trend
Start date: February 19, 2025
End date: April 29, 2025
a = 6.0824
b = -0.0008
s = 0.0267
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0008) – 1
= -26.22%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0267) – 1
= 11.28%
February 19, 2025 calculations
Top border of price channel:
Exp(Y1,207)
= Exp(a + b × X1,207 + 2 × s)
= Exp(a + b × 1,756 + 2 × s)
= Exp(6.0824 + -0.0008 × 1,756 + 2 × 0.0267)
= Exp(4.6729)
= $107.01
Bottom border of price channel:
Exp(Y1,207)
= Exp(a + b × X1,207 – 2 × s)
= Exp(a + b × 1,756 – 2 × s)
= Exp(6.0824 + -0.0008 × 1,756 – 2 × 0.0267)
= Exp(4.5660)
= $96.16
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(6.0824 + -0.0008 × 1,825 + 2 × 0.0267)
= Exp(4.6154)
= $101.03
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(6.0824 + -0.0008 × 1,825 – 2 × 0.0267)
= Exp(4.5085)
= $90.79
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 26.22% per annum.
- RBA price at the close of April 29, 2025 was inside the secondary price channel.