Silicon Laboratories Inc (SLAB)
Silicon Laboratories Inc., a factory-less semiconductor company, provides mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company is headquartered in Austin, Texas.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 9.26% per annum.
- SLAB price at the close of May 7, 2024 was $126.12 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 74.65% per annum.
- SLAB price at the close of May 7, 2024 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 SLAB 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: June 24, 2021
End date: May 7, 2024
a = 5.3075
b = -0.0003
s = 0.1403
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -9.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1403) – 1
= 75.30%
June 24, 2021 calculations
Top border of price channel:
Exp(Y537)
= Exp(a + b × X537 + 2 × s)
= Exp(a + b × 778 + 2 × s)
= Exp(5.3075 + -0.0003 × 778 + 2 × 0.1403)
= Exp(5.3810)
= $217.23
Bottom border of price channel:
Exp(Y537)
= Exp(a + b × X537 – 2 × s)
= Exp(a + b × 778 – 2 × s)
= Exp(5.3075 + -0.0003 × 778 – 2 × 0.1403)
= Exp(4.8196)
= $123.92
May 7, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(5.3075 + -0.0003 × 1,826 + 2 × 0.1403)
= Exp(5.1019)
= $164.33
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.3075 + -0.0003 × 1,826 – 2 × 0.1403)
= Exp(4.5406)
= $93.74
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 9.26% per annum.
- SLAB price at the close of May 7, 2024 was $126.12 and was inside the primary price channel.
Secondary Trend
Start date: October 13, 2023
End date: May 7, 2024
a = 2.1637
b = 0.0015
s = 0.0967
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 74.65%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0967) – 1
= 47.25%
October 13, 2023 calculations
Top border of price channel:
Exp(Y1,117)
= Exp(a + b × X1,117 + 2 × s)
= Exp(a + b × 1,619 + 2 × s)
= Exp(2.1637 + 0.0015 × 1,619 + 2 × 0.0967)
= Exp(4.8306)
= $125.28
Bottom border of price channel:
Exp(Y1,117)
= Exp(a + b × X1,117 – 2 × s)
= Exp(a + b × 1,619 – 2 × s)
= Exp(2.1637 + 0.0015 × 1,619 – 2 × 0.0967)
= Exp(4.4436)
= $85.08
May 7, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.1637 + 0.0015 × 1,826 + 2 × 0.0967)
= Exp(5.1468)
= $171.88
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.1637 + 0.0015 × 1,826 – 2 × 0.0967)
= Exp(4.7599)
= $116.73
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 74.65% per annum.
- SLAB price at the close of May 7, 2024 was inside the secondary price channel.