Travel + Leisure Co (TNL)
Travel Leisure Co. offers hospitality products and services in the United States and internationally. The company is headquartered in Orlando, Florida.
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 20.11% per annum.
- TNL price at the close of April 28, 2025 was $44.00 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 83.58% per annum.
- TNL price at the close of April 28, 2025 was higher than the top border of the secondary price channel by $1.28 (2.99%). This indicates a possible reversal in the secondary trend direction.
- 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 TNL 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: September 21, 2022
End date: April 2, 2025
a = 3.0150
b = 0.0005
s = 0.0794
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 20.11%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0794) – 1
= 37.39%
September 21, 2022 calculations
Top border of price channel:
Exp(Y604)
= Exp(a + b × X604 + 2 × s)
= Exp(a + b × 875 + 2 × s)
= Exp(3.0150 + 0.0005 × 875 + 2 × 0.0794)
= Exp(3.6131)
= $37.08
Bottom border of price channel:
Exp(Y604)
= Exp(a + b × X604 – 2 × s)
= Exp(a + b × 875 – 2 × s)
= Exp(3.0150 + 0.0005 × 875 – 2 × 0.0794)
= Exp(3.2954)
= $26.99
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 + 2 × s)
= Exp(a + b × 1,799 + 2 × s)
= Exp(3.0150 + 0.0005 × 1,799 + 2 × 0.0794)
= Exp(4.0769)
= $58.96
Bottom border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(3.0150 + 0.0005 × 1,799 – 2 × 0.0794)
= Exp(3.7592)
= $42.91
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 20.11% per annum.
- TNL price at the close of April 28, 2025 was $44.00 and was inside the primary price channel.
Secondary Trend
Start date: February 5, 2025
End date: April 22, 2025
a = 12.7033
b = -0.0050
s = 0.0428
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0050) – 1
= -83.58%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0428) – 1
= 18.68%
February 5, 2025 calculations
Top border of price channel:
Exp(Y1,199)
= Exp(a + b × X1,199 + 2 × s)
= Exp(a + b × 1,743 + 2 × s)
= Exp(12.7033 + -0.0050 × 1,743 + 2 × 0.0428)
= Exp(4.1607)
= $64.12
Bottom border of price channel:
Exp(Y1,199)
= Exp(a + b × X1,199 – 2 × s)
= Exp(a + b × 1,743 – 2 × s)
= Exp(12.7033 + -0.0050 × 1,743 – 2 × 0.0428)
= Exp(3.9894)
= $54.03
April 22, 2025 calculations
Top border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 + 2 × s)
= Exp(a + b × 1,819 + 2 × s)
= Exp(12.7033 + -0.0050 × 1,819 + 2 × 0.0428)
= Exp(3.7845)
= $44.01
Bottom border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 – 2 × s)
= Exp(a + b × 1,819 – 2 × s)
= Exp(12.7033 + -0.0050 × 1,819 – 2 × 0.0428)
= Exp(3.6132)
= $37.09
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 83.58% per annum.
- TNL price at the close of April 28, 2025 was higher than the top border of the secondary price channel by $1.28 (2.99%). This indicates a possible reversal in the secondary trend direction.