Shenandoah Telecommunications Co (SHEN)
Shenandoah Telecommunications Company, provides a range of broadband communication services and cell tower placement space in the mid-Atlantic part of the United States. The company is headquartered in Edinburg, Virginia.
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 66.61% per annum.
- SHEN price at the close of August 29, 2025 was $13.25 and was lower than the bottom border of the primary price channel by $0.11 (0.81%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 80.27% per annum.
- SHEN price at the close of August 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 SHEN 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: January 10, 2025
End date: July 31, 2025
a = 0.1636
b = 0.0014
s = 0.0599
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 66.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0599) – 1
= 27.07%
January 10, 2025 calculations
Top border of price channel:
Exp(Y1,094)
= Exp(a + b × X1,094 + 2 × s)
= Exp(a + b × 1,591 + 2 × s)
= Exp(0.1636 + 0.0014 × 1,591 + 2 × 0.0599)
= Exp(2.5086)
= $12.29
Bottom border of price channel:
Exp(Y1,094)
= Exp(a + b × X1,094 – 2 × s)
= Exp(a + b × 1,591 – 2 × s)
= Exp(0.1636 + 0.0014 × 1,591 – 2 × 0.0599)
= Exp(2.2690)
= $9.67
July 31, 2025 calculations
Top border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 + 2 × s)
= Exp(a + b × 1,793 + 2 × s)
= Exp(0.1636 + 0.0014 × 1,793 + 2 × 0.0599)
= Exp(2.7911)
= $16.30
Bottom border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 – 2 × s)
= Exp(a + b × 1,793 – 2 × s)
= Exp(0.1636 + 0.0014 × 1,793 – 2 × 0.0599)
= Exp(2.5515)
= $12.83
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 66.61% per annum.
- SHEN price at the close of August 29, 2025 was $13.25 and was lower than the bottom border of the primary price channel by $0.11 (0.81%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: July 3, 2025
End date: August 22, 2025
a = 10.5931
b = -0.0044
s = 0.0516
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0044) – 1
= -80.27%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0516) – 1
= 22.93%
July 3, 2025 calculations
Top border of price channel:
Exp(Y1,213)
= Exp(a + b × X1,213 + 2 × s)
= Exp(a + b × 1,765 + 2 × s)
= Exp(10.5931 + -0.0044 × 1,765 + 2 × 0.0516)
= Exp(2.8491)
= $17.27
Bottom border of price channel:
Exp(Y1,213)
= Exp(a + b × X1,213 – 2 × s)
= Exp(a + b × 1,765 – 2 × s)
= Exp(10.5931 + -0.0044 × 1,765 – 2 × 0.0516)
= Exp(2.6427)
= $14.05
August 22, 2025 calculations
Top border of price channel:
Exp(Y1,248)
= Exp(a + b × X1,248 + 2 × s)
= Exp(a + b × 1,815 + 2 × s)
= Exp(10.5931 + -0.0044 × 1,815 + 2 × 0.0516)
= Exp(2.6268)
= $13.83
Bottom border of price channel:
Exp(Y1,248)
= Exp(a + b × X1,248 – 2 × s)
= Exp(a + b × 1,815 – 2 × s)
= Exp(10.5931 + -0.0044 × 1,815 – 2 × 0.0516)
= Exp(2.4204)
= $11.25
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 80.27% per annum.
- SHEN price at the close of August 29, 2025 was inside the secondary price channel.