Truist Financial Corp (TFC)
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. Its bank operates 2,781 branches in 15 states and Washington, D.C., and offers consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services.
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 57.52% per annum.
- TFC price at the close of July 26, 2024 was $44.42 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 605.35% per annum.
- TFC price at the close of July 26, 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 TFC 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: August 14, 2023
End date: July 26, 2024
a = 1.4673
b = 0.0012
s = 0.0613
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 57.52%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0613) – 1
= 27.79%
August 14, 2023 calculations
Top border of price channel:
Exp(Y1,018)
= Exp(a + b × X1,018 + 2 × s)
= Exp(a + b × 1,477 + 2 × s)
= Exp(1.4673 + 0.0012 × 1,477 + 2 × 0.0613)
= Exp(3.4287)
= $30.84
Bottom border of price channel:
Exp(Y1,018)
= Exp(a + b × X1,018 – 2 × s)
= Exp(a + b × 1,477 – 2 × s)
= Exp(1.4673 + 0.0012 × 1,477 – 2 × 0.0613)
= Exp(3.1835)
= $24.13
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(1.4673 + 0.0012 × 1,824 + 2 × 0.0613)
= Exp(3.8607)
= $47.50
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(1.4673 + 0.0012 × 1,824 – 2 × 0.0613)
= Exp(3.6155)
= $37.17
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 57.52% per annum.
- TFC price at the close of July 26, 2024 was $44.42 and was inside the primary price channel.
Secondary Trend
Start date: June 14, 2024
End date: July 26, 2024
a = -5.9758
b = 0.0054
s = 0.0181
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0054) – 1
= 605.35%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0181) – 1
= 7.53%
June 14, 2024 calculations
Top border of price channel:
Exp(Y1,229)
= Exp(a + b × X1,229 + 2 × s)
= Exp(a + b × 1,782 + 2 × s)
= Exp(-5.9758 + 0.0054 × 1,782 + 2 × 0.0181)
= Exp(3.5979)
= $36.52
Bottom border of price channel:
Exp(Y1,229)
= Exp(a + b × X1,229 – 2 × s)
= Exp(a + b × 1,782 – 2 × s)
= Exp(-5.9758 + 0.0054 × 1,782 – 2 × 0.0181)
= Exp(3.5254)
= $33.97
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-5.9758 + 0.0054 × 1,824 + 2 × 0.0181)
= Exp(3.8227)
= $45.73
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-5.9758 + 0.0054 × 1,824 – 2 × 0.0181)
= Exp(3.7502)
= $42.53
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 605.35% per annum.
- TFC price at the close of July 26, 2024 was inside the secondary price channel.