TechTarget Inc (TTGT)
TechTarget, Inc. provides business impact sales and marketing services for business technology companies in North America and internationally. The company is headquartered in Newton, Massachusetts.
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 46.76% per annum.
- TTGT price at the close of May 7, 2024 was $28.33 and was higher than the top border of the primary price channel by $4.24 (17.61%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 9.73% per annum.
- TTGT price at the close of May 7, 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 TTGT 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 27, 2021
End date: November 30, 2023
a = 6.1302
b = -0.0017
s = 0.1025
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0017) – 1
= -46.76%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1025) – 1
= 50.71%
August 27, 2021 calculations
Top border of price channel:
Exp(Y582)
= Exp(a + b × X582 + 2 × s)
= Exp(a + b × 842 + 2 × s)
= Exp(6.1302 + -0.0017 × 842 + 2 × 0.1025)
= Exp(4.8811)
= $131.78
Bottom border of price channel:
Exp(Y582)
= Exp(a + b × X582 – 2 × s)
= Exp(a + b × 842 – 2 × s)
= Exp(6.1302 + -0.0017 × 842 – 2 × 0.1025)
= Exp(4.4709)
= $87.44
November 30, 2023 calculations
Top border of price channel:
Exp(Y1,150)
= Exp(a + b × X1,150 + 2 × s)
= Exp(a + b × 1,667 + 2 × s)
= Exp(6.1302 + -0.0017 × 1,667 + 2 × 0.1025)
= Exp(3.4563)
= $31.70
Bottom border of price channel:
Exp(Y1,150)
= Exp(a + b × X1,150 – 2 × s)
= Exp(a + b × 1,667 – 2 × s)
= Exp(6.1302 + -0.0017 × 1,667 – 2 × 0.1025)
= Exp(3.0461)
= $21.03
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 46.76% per annum.
- TTGT price at the close of May 7, 2024 was $28.33 and was higher than the top border of the primary price channel by $4.24 (17.61%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 9, 2023
End date: May 7, 2024
a = 3.9021
b = -0.0003
s = 0.0894
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -9.73%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0894) – 1
= 43.01%
March 9, 2023 calculations
Top border of price channel:
Exp(Y966)
= Exp(a + b × X966 + 2 × s)
= Exp(a + b × 1,401 + 2 × s)
= Exp(3.9021 + -0.0003 × 1,401 + 2 × 0.0894)
= Exp(3.6881)
= $39.97
Bottom border of price channel:
Exp(Y966)
= Exp(a + b × X966 – 2 × s)
= Exp(a + b × 1,401 – 2 × s)
= Exp(3.9021 + -0.0003 × 1,401 – 2 × 0.0894)
= Exp(3.3304)
= $27.95
May 7, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.9021 + -0.0003 × 1,826 + 2 × 0.0894)
= Exp(3.5690)
= $35.48
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.9021 + -0.0003 × 1,826 – 2 × 0.0894)
= Exp(3.2112)
= $24.81
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 9.73% per annum.
- TTGT price at the close of May 7, 2024 was inside the secondary price channel.