Texas Instruments Incorporated (TXN)
Texas Instruments Incorporated (TI) is an American technology company headquartered in Dallas, Texas, that designs and manufactures semiconductors and various integrated circuits, which it sells to electronics designers and manufacturers globally. It is one of the top 10 semiconductor companies worldwide based on sales volume.
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 2.37% per annum.
- TXN price at the close of April 26, 2024 was $177.48 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 34.30% per annum.
- TXN price at the close of April 26, 2024 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 TXN 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 11, 2021
End date: April 23, 2024
a = 5.1960
b = -0.0001
s = 0.0555
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -2.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0555) – 1
= 24.87%
March 11, 2021 calculations
Top border of price channel:
Exp(Y471)
= Exp(a + b × X471 + 2 × s)
= Exp(a + b × 682 + 2 × s)
= Exp(5.1960 + -0.0001 × 682 + 2 × 0.0555)
= Exp(5.2622)
= $192.91
Bottom border of price channel:
Exp(Y471)
= Exp(a + b × X471 – 2 × s)
= Exp(a + b × 682 – 2 × s)
= Exp(5.1960 + -0.0001 × 682 – 2 × 0.0555)
= Exp(5.0401)
= $154.49
April 23, 2024 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,821 + 2 × s)
= Exp(5.1960 + -0.0001 × 1,821 + 2 × 0.0555)
= Exp(5.1874)
= $179.01
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,821 – 2 × s)
= Exp(5.1960 + -0.0001 × 1,821 – 2 × 0.0555)
= Exp(4.9653)
= $143.35
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 2.37% per annum.
- TXN price at the close of April 26, 2024 was $177.48 and was inside the primary price channel.
Secondary Trend
Start date: October 5, 2023
End date: April 26, 2024
a = 3.6884
b = 0.0008
s = 0.0363
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 34.30%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0363) – 1
= 15.62%
October 5, 2023 calculations
Top border of price channel:
Exp(Y1,118)
= Exp(a + b × X1,118 + 2 × s)
= Exp(a + b × 1,620 + 2 × s)
= Exp(3.6884 + 0.0008 × 1,620 + 2 × 0.0363)
= Exp(5.0699)
= $159.16
Bottom border of price channel:
Exp(Y1,118)
= Exp(a + b × X1,118 – 2 × s)
= Exp(a + b × 1,620 – 2 × s)
= Exp(3.6884 + 0.0008 × 1,620 – 2 × 0.0363)
= Exp(4.9248)
= $137.67
April 26, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.6884 + 0.0008 × 1,824 + 2 × 0.0363)
= Exp(5.2348)
= $187.69
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.6884 + 0.0008 × 1,824 – 2 × 0.0363)
= Exp(5.0897)
= $162.34
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 34.30% per annum.
- TXN price at the close of April 26, 2024 was inside the secondary price channel.