TTM Technologies Inc (TTMI)
TTM Technologies, Inc., manufactures and sells printed circuit boards (PCBs) worldwide. The company is headquartered in Santa Ana, California.
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 44.80% per annum.
- TTMI price at the close of April 29, 2025 was $20.42 and was lower than the bottom border of the primary price channel by $0.48 (2.29%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 74.59% per annum.
- TTMI price at the close of April 29, 2025 was inside the secondary price channel.
- 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 TTMI 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: March 10, 2023
End date: March 26, 2025
a = 1.3772
b = 0.0010
s = 0.0942
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 44.80%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0942) – 1
= 45.79%
March 10, 2023 calculations
Top border of price channel:
Exp(Y720)
= Exp(a + b × X720 + 2 × s)
= Exp(a + b × 1,044 + 2 × s)
= Exp(1.3772 + 0.0010 × 1,044 + 2 × 0.0942)
= Exp(2.6246)
= $13.80
Bottom border of price channel:
Exp(Y720)
= Exp(a + b × X720 – 2 × s)
= Exp(a + b × 1,044 – 2 × s)
= Exp(1.3772 + 0.0010 × 1,044 – 2 × 0.0942)
= Exp(2.2476)
= $9.46
March 26, 2025 calculations
Top border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 + 2 × s)
= Exp(a + b × 1,791 + 2 × s)
= Exp(1.3772 + 0.0010 × 1,791 + 2 × 0.0942)
= Exp(3.3822)
= $29.44
Bottom border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 – 2 × s)
= Exp(a + b × 1,791 – 2 × s)
= Exp(1.3772 + 0.0010 × 1,791 – 2 × 0.0942)
= Exp(3.0052)
= $20.19
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 44.80% per annum.
- TTMI price at the close of April 29, 2025 was $20.42 and was lower than the bottom border of the primary price channel by $0.48 (2.29%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 14, 2025
End date: April 24, 2025
a = 9.7649
b = -0.0038
s = 0.0559
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0038) – 1
= -74.59%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0559) – 1
= 25.05%
January 14, 2025 calculations
Top border of price channel:
Exp(Y1,183)
= Exp(a + b × X1,183 + 2 × s)
= Exp(a + b × 1,720 + 2 × s)
= Exp(9.7649 + -0.0038 × 1,720 + 2 × 0.0559)
= Exp(3.4213)
= $30.61
Bottom border of price channel:
Exp(Y1,183)
= Exp(a + b × X1,183 – 2 × s)
= Exp(a + b × 1,720 – 2 × s)
= Exp(9.7649 + -0.0038 × 1,720 – 2 × 0.0559)
= Exp(3.1977)
= $24.48
April 24, 2025 calculations
Top border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(9.7649 + -0.0038 × 1,820 + 2 × 0.0559)
= Exp(3.0459)
= $21.03
Bottom border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(9.7649 + -0.0038 × 1,820 – 2 × 0.0559)
= Exp(2.8224)
= $16.82
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 74.59% per annum.
- TTMI price at the close of April 29, 2025 was inside the secondary price channel.