Stock Price Trends

Seagate Technology PLC (STX)

Seagate Technology Holdings plc, an Irish public limited company (commonly referred to as Seagate) is an American data storage company.

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 71.44% per annum.
  • STX price at the close of July 25, 2024 was $103.96 and was inside the primary price channel.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 156.68% per annum.
  • STX price at the close of July 25, 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 STX 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: April 20, 2023
End date: July 25, 2024

a = 1.9656

b = 0.0015

s = 0.0486

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 71.44%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0486) – 1
= 21.44%

April 20, 2023 calculations

Top border of price channel:

Exp(Y940)
= Exp(a + b × X940 + 2 × s)
= Exp(a + b × 1,364 + 2 × s)
= Exp(1.9656 + 0.0015 × 1,364 + 2 × 0.0486)
= Exp(4.0772)
= $58.98

Bottom border of price channel:

Exp(Y940)
= Exp(a + b × X940 – 2 × s)
= Exp(a + b × 1,364 – 2 × s)
= Exp(1.9656 + 0.0015 × 1,364 – 2 × 0.0486)
= Exp(3.8830)
= $48.57

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(1.9656 + 0.0015 × 1,826 + 2 × 0.0486)
= Exp(4.7596)
= $116.69

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.9656 + 0.0015 × 1,826 – 2 × 0.0486)
= Exp(4.5653)
= $96.09

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 71.44% per annum.
  • STX price at the close of July 25, 2024 was $103.96 and was inside the primary price channel.

Secondary Trend

Start date: April 12, 2024
End date: July 25, 2024

a = -0.0177

b = 0.0026

s = 0.0292

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0026) – 1
= 156.68%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0292) – 1
= 12.38%

April 12, 2024 calculations

Top border of price channel:

Exp(Y1,186)
= Exp(a + b × X1,186 + 2 × s)
= Exp(a + b × 1,722 + 2 × s)
= Exp(-0.0177 + 0.0026 × 1,722 + 2 × 0.0292)
= Exp(4.4879)
= $88.94

Bottom border of price channel:

Exp(Y1,186)
= Exp(a + b × X1,186 – 2 × s)
= Exp(a + b × 1,722 – 2 × s)
= Exp(-0.0177 + 0.0026 × 1,722 – 2 × 0.0292)
= Exp(4.3712)
= $79.14

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(-0.0177 + 0.0026 × 1,826 + 2 × 0.0292)
= Exp(4.7565)
= $116.34

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-0.0177 + 0.0026 × 1,826 – 2 × 0.0292)
= Exp(4.6398)
= $103.52

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 156.68% per annum.
  • STX price at the close of July 25, 2024 was inside the secondary price channel.