Stock Price Trends

RXO Inc. (RXO)

None

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 2,174.56% per annum.
  • RXO price at the close of July 26, 2024 was $31.16 and was inside the primary price channel.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 965.61% per annum.
  • RXO price at the close of July 26, 2024 was inside the secondary price channel.

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 RXO 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 28, 2024
End date: July 26, 2024

a = -2.0207

b = 0.0086

s = 0.0521

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0086) – 1
= 2,174.56%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0521) – 1
= 23.17%

May 28, 2024 calculations

Top border of price channel:

Exp(Y396)
= Exp(a + b × X396 + 2 × s)
= Exp(a + b × 579 + 2 × s)
= Exp(-2.0207 + 0.0086 × 579 + 2 × 0.0521)
= Exp(3.0397)
= $20.90

Bottom border of price channel:

Exp(Y396)
= Exp(a + b × X396 – 2 × s)
= Exp(a + b × 579 – 2 × s)
= Exp(-2.0207 + 0.0086 × 579 – 2 × 0.0521)
= Exp(2.8312)
= $16.97

July 26, 2024 calculations

Top border of price channel:

Exp(Y437)
= Exp(a + b × X437 + 2 × s)
= Exp(a + b × 638 + 2 × s)
= Exp(-2.0207 + 0.0086 × 638 + 2 × 0.0521)
= Exp(3.5447)
= $34.63

Bottom border of price channel:

Exp(Y437)
= Exp(a + b × X437 – 2 × s)
= Exp(a + b × 638 – 2 × s)
= Exp(-2.0207 + 0.0086 × 638 – 2 × 0.0521)
= Exp(3.3363)
= $28.11

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 2,174.56% per annum.
  • RXO price at the close of July 26, 2024 was $31.16 and was inside the primary price channel.

Secondary Trend

Start date: June 24, 2024
End date: July 26, 2024

a = -0.7110

b = 0.0065

s = 0.0241

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0065) – 1
= 965.61%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0241) – 1
= 10.13%

June 24, 2024 calculations

Top border of price channel:

Exp(Y414)
= Exp(a + b × X414 + 2 × s)
= Exp(a + b × 606 + 2 × s)
= Exp(-0.7110 + 0.0065 × 606 + 2 × 0.0241)
= Exp(3.2657)
= $26.20

Bottom border of price channel:

Exp(Y414)
= Exp(a + b × X414 – 2 × s)
= Exp(a + b × 606 – 2 × s)
= Exp(-0.7110 + 0.0065 × 606 – 2 × 0.0241)
= Exp(3.1692)
= $23.79

July 26, 2024 calculations

Top border of price channel:

Exp(Y437)
= Exp(a + b × X437 + 2 × s)
= Exp(a + b × 638 + 2 × s)
= Exp(-0.7110 + 0.0065 × 638 + 2 × 0.0241)
= Exp(3.4731)
= $32.24

Bottom border of price channel:

Exp(Y437)
= Exp(a + b × X437 – 2 × s)
= Exp(a + b × 638 – 2 × s)
= Exp(-0.7110 + 0.0065 × 638 – 2 × 0.0241)
= Exp(3.3766)
= $29.27

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 965.61% per annum.
  • RXO price at the close of July 26, 2024 was inside the secondary price channel.