Stock Price Trends

Vericel Corp Ord (VCEL)

Vericel Corporation, a commercial-stage biopharmaceutical company, researches, develops, manufactures, and distributes cell therapies for the sports medicine and severe burn care markets in the United States. The company is headquartered in Cambridge, 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 38.57% per annum.
  • VCEL price at the close of May 8, 2024 was $47.69 and was higher than the top border of the primary price channel by $31.62 (196.85%). This indicates a possible reversal in the primary trend direction.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 51.62% per annum.
  • VCEL price at the close of May 8, 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 VCEL 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: January 7, 2021
End date: January 11, 2023

a = 4.9213

b = -0.0013

s = 0.1467

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0013) – 1
= -38.57%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.1467) – 1
= 79.83%

January 7, 2021 calculations

Top border of price channel:

Exp(Y420)
= Exp(a + b × X420 + 2 × s)
= Exp(a + b × 609 + 2 × s)
= Exp(4.9213 + -0.0013 × 609 + 2 × 0.1467)
= Exp(4.4016)
= $81.58

Bottom border of price channel:

Exp(Y420)
= Exp(a + b × X420 – 2 × s)
= Exp(a + b × 609 – 2 × s)
= Exp(4.9213 + -0.0013 × 609 – 2 × 0.1467)
= Exp(3.8148)
= $45.37

January 11, 2023 calculations

Top border of price channel:

Exp(Y926)
= Exp(a + b × X926 + 2 × s)
= Exp(a + b × 1,343 + 2 × s)
= Exp(4.9213 + -0.0013 × 1,343 + 2 × 0.1467)
= Exp(3.4216)
= $30.62

Bottom border of price channel:

Exp(Y926)
= Exp(a + b × X926 – 2 × s)
= Exp(a + b × 1,343 – 2 × s)
= Exp(4.9213 + -0.0013 × 1,343 – 2 × 0.1467)
= Exp(2.8348)
= $17.03

Description

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 38.57% per annum.
  • VCEL price at the close of May 8, 2024 was $47.69 and was higher than the top border of the primary price channel by $31.62 (196.85%). This indicates a possible reversal in the primary trend direction.

Secondary Trend

Start date: August 29, 2022
End date: May 8, 2024

a = 1.7610

b = 0.0011

s = 0.0848

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 51.62%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0848) – 1
= 40.39%

August 29, 2022 calculations

Top border of price channel:

Exp(Y833)
= Exp(a + b × X833 + 2 × s)
= Exp(a + b × 1,208 + 2 × s)
= Exp(1.7610 + 0.0011 × 1,208 + 2 × 0.0848)
= Exp(3.3081)
= $27.33

Bottom border of price channel:

Exp(Y833)
= Exp(a + b × X833 – 2 × s)
= Exp(a + b × 1,208 – 2 × s)
= Exp(1.7610 + 0.0011 × 1,208 – 2 × 0.0848)
= Exp(2.9689)
= $19.47

May 8, 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(1.7610 + 0.0011 × 1,826 + 2 × 0.0848)
= Exp(4.0129)
= $55.30

Bottom border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.7610 + 0.0011 × 1,826 – 2 × 0.0848)
= Exp(3.6736)
= $39.39

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 51.62% per annum.
  • VCEL price at the close of May 8, 2024 was inside the secondary price channel.