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 78.42% per annum.
- STX price at the close of May 17, 2024 was $95.27 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 20.50% per annum.
- STX price at the close of May 17, 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: April 11, 2024
a = 1.7040
b = 0.0016
s = 0.0465
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0016) – 1
= 78.42%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0465) – 1
= 20.44%
April 20, 2023 calculations
Top border of price channel:
Exp(Y987)
= Exp(a + b × X987 + 2 × s)
= Exp(a + b × 1,431 + 2 × s)
= Exp(1.7040 + 0.0016 × 1,431 + 2 × 0.0465)
= Exp(4.0668)
= $58.37
Bottom border of price channel:
Exp(Y987)
= Exp(a + b × X987 – 2 × s)
= Exp(a + b × 1,431 – 2 × s)
= Exp(1.7040 + 0.0016 × 1,431 – 2 × 0.0465)
= Exp(3.8808)
= $48.46
April 11, 2024 calculations
Top border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 + 2 × s)
= Exp(a + b × 1,788 + 2 × s)
= Exp(1.7040 + 0.0016 × 1,788 + 2 × 0.0465)
= Exp(4.6330)
= $102.83
Bottom border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 – 2 × s)
= Exp(a + b × 1,788 – 2 × s)
= Exp(1.7040 + 0.0016 × 1,788 – 2 × 0.0465)
= Exp(4.4471)
= $85.38
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 78.42% per annum.
- STX price at the close of May 17, 2024 was $95.27 and was inside the primary price channel.
Secondary Trend
Start date: December 11, 2023
End date: May 13, 2024
a = 3.5739
b = 0.0005
s = 0.0390
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 20.50%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0390) – 1
= 16.88%
December 11, 2023 calculations
Top border of price channel:
Exp(Y1,149)
= Exp(a + b × X1,149 + 2 × s)
= Exp(a + b × 1,666 + 2 × s)
= Exp(3.5739 + 0.0005 × 1,666 + 2 × 0.0390)
= Exp(4.5032)
= $90.31
Bottom border of price channel:
Exp(Y1,149)
= Exp(a + b × X1,149 – 2 × s)
= Exp(a + b × 1,666 – 2 × s)
= Exp(3.5739 + 0.0005 × 1,666 – 2 × 0.0390)
= Exp(4.3472)
= $77.26
May 13, 2024 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(3.5739 + 0.0005 × 1,820 + 2 × 0.0390)
= Exp(4.5819)
= $97.70
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(3.5739 + 0.0005 × 1,820 – 2 × 0.0390)
= Exp(4.4259)
= $83.59
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 20.50% per annum.
- STX price at the close of May 17, 2024 was inside the secondary price channel.