Warner Bros Discovery Inc (WBD)
Warner Bros. The company is headquartered in New York, New York.
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 53.31% per annum.
- WBD price at the close of May 10, 2024 was $8.15 and was higher than the top border of the primary price channel by $2.73 (50.24%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 20.75% per annum.
- WBD price at the close of May 10, 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 WBD 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 6, 2021
End date: January 19, 2023
a = 5.1623
b = -0.0021
s = 0.1674
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0021) – 1
= -53.31%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1674) – 1
= 95.36%
January 6, 2021 calculations
Top border of price channel:
Exp(Y417)
= Exp(a + b × X417 + 2 × s)
= Exp(a + b × 604 + 2 × s)
= Exp(5.1623 + -0.0021 × 604 + 2 × 0.1674)
= Exp(4.2367)
= $69.18
Bottom border of price channel:
Exp(Y417)
= Exp(a + b × X417 – 2 × s)
= Exp(a + b × 604 – 2 × s)
= Exp(5.1623 + -0.0021 × 604 – 2 × 0.1674)
= Exp(3.5671)
= $35.41
January 19, 2023 calculations
Top border of price channel:
Exp(Y927)
= Exp(a + b × X927 + 2 × s)
= Exp(a + b × 1,347 + 2 × s)
= Exp(5.1623 + -0.0021 × 1,347 + 2 × 0.1674)
= Exp(2.6863)
= $14.68
Bottom border of price channel:
Exp(Y927)
= Exp(a + b × X927 – 2 × s)
= Exp(a + b × 1,347 – 2 × s)
= Exp(5.1623 + -0.0021 × 1,347 – 2 × 0.1674)
= Exp(2.0167)
= $7.51
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 53.31% per annum.
- WBD price at the close of May 10, 2024 was $8.15 and was higher than the top border of the primary price channel by $2.73 (50.24%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: May 6, 2022
End date: April 29, 2024
a = 3.4172
b = -0.0006
s = 0.1301
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -20.75%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1301) – 1
= 68.26%
May 6, 2022 calculations
Top border of price channel:
Exp(Y751)
= Exp(a + b × X751 + 2 × s)
= Exp(a + b × 1,089 + 2 × s)
= Exp(3.4172 + -0.0006 × 1,089 + 2 × 0.1301)
= Exp(2.9835)
= $19.76
Bottom border of price channel:
Exp(Y751)
= Exp(a + b × X751 – 2 × s)
= Exp(a + b × 1,089 – 2 × s)
= Exp(3.4172 + -0.0006 × 1,089 – 2 × 0.1301)
= Exp(2.4632)
= $11.74
April 29, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,813 + 2 × s)
= Exp(3.4172 + -0.0006 × 1,813 + 2 × 0.1301)
= Exp(2.5222)
= $12.46
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,813 – 2 × s)
= Exp(3.4172 + -0.0006 × 1,813 – 2 × 0.1301)
= Exp(2.0019)
= $7.40
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 20.75% per annum.
- WBD price at the close of May 10, 2024 was inside the secondary price channel.