Synovus Financial Corp (SNV)
Synovus Financial Corp. The company is headquartered in Columbus, Georgia.
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 14.82% per annum.
- SNV price at the close of July 25, 2024 was $46.78 and was higher than the top border of the primary price channel by $14.41 (44.51%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 39.47% per annum.
- SNV price at the close of July 25, 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 SNV 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 12, 2021
End date: December 5, 2023
a = 4.0619
b = -0.0004
s = 0.1088
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -14.82%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1088) – 1
= 54.52%
February 12, 2021 calculations
Top border of price channel:
Exp(Y391)
= Exp(a + b × X391 + 2 × s)
= Exp(a + b × 567 + 2 × s)
= Exp(4.0619 + -0.0004 × 567 + 2 × 0.1088)
= Exp(4.0304)
= $56.28
Bottom border of price channel:
Exp(Y391)
= Exp(a + b × X391 – 2 × s)
= Exp(a + b × 567 – 2 × s)
= Exp(4.0619 + -0.0004 × 567 – 2 × 0.1088)
= Exp(3.5953)
= $36.43
December 5, 2023 calculations
Top border of price channel:
Exp(Y1,098)
= Exp(a + b × X1,098 + 2 × s)
= Exp(a + b × 1,593 + 2 × s)
= Exp(4.0619 + -0.0004 × 1,593 + 2 × 0.1088)
= Exp(3.5796)
= $35.86
Bottom border of price channel:
Exp(Y1,098)
= Exp(a + b × X1,098 – 2 × s)
= Exp(a + b × 1,593 – 2 × s)
= Exp(4.0619 + -0.0004 × 1,593 – 2 × 0.1088)
= Exp(3.1445)
= $23.21
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 14.82% per annum.
- SNV price at the close of July 25, 2024 was $46.78 and was higher than the top border of the primary price channel by $14.41 (44.51%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 14, 2023
End date: July 25, 2024
a = 2.0400
b = 0.0009
s = 0.0892
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 39.47%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0892) – 1
= 42.85%
March 14, 2023 calculations
Top border of price channel:
Exp(Y914)
= Exp(a + b × X914 + 2 × s)
= Exp(a + b × 1,327 + 2 × s)
= Exp(2.0400 + 0.0009 × 1,327 + 2 × 0.0892)
= Exp(3.4278)
= $30.81
Bottom border of price channel:
Exp(Y914)
= Exp(a + b × X914 – 2 × s)
= Exp(a + b × 1,327 – 2 × s)
= Exp(2.0400 + 0.0009 × 1,327 – 2 × 0.0892)
= Exp(3.0711)
= $21.57
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.0400 + 0.0009 × 1,826 + 2 × 0.0892)
= Exp(3.8826)
= $48.55
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.0400 + 0.0009 × 1,826 – 2 × 0.0892)
= Exp(3.5259)
= $33.99
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 39.47% per annum.
- SNV price at the close of July 25, 2024 was inside the secondary price channel.