Western Union Co (WU)
The Western Union Company is an American worldwide financial services and communications company, headquartered in Denver, Colorado.
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 0.09% per annum.
- WU price at the close of April 29, 2025 was $10.11 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 18.01% per annum.
- WU 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 WU 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: September 14, 2022
End date: April 3, 2025
a = 2.3909
b = 0.0000
s = 0.0746
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 0.09%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0746) – 1
= 34.75%
September 14, 2022 calculations
Top border of price channel:
Exp(Y598)
= Exp(a + b × X598 + 2 × s)
= Exp(a + b × 867 + 2 × s)
= Exp(2.3909 + 0.0000 × 867 + 2 × 0.0746)
= Exp(2.5422)
= $12.71
Bottom border of price channel:
Exp(Y598)
= Exp(a + b × X598 – 2 × s)
= Exp(a + b × 867 – 2 × s)
= Exp(2.3909 + 0.0000 × 867 – 2 × 0.0746)
= Exp(2.2439)
= $9.43
April 3, 2025 calculations
Top border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 + 2 × s)
= Exp(a + b × 1,799 + 2 × s)
= Exp(2.3909 + 0.0000 × 1,799 + 2 × 0.0746)
= Exp(2.5444)
= $12.74
Bottom border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(2.3909 + 0.0000 × 1,799 – 2 × 0.0746)
= Exp(2.2462)
= $9.45
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 0.09% per annum.
- WU price at the close of April 29, 2025 was $10.11 and was inside the primary price channel.
Secondary Trend
Start date: February 29, 2024
End date: April 29, 2025
a = 3.2832
b = -0.0005
s = 0.0318
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -18.01%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0318) – 1
= 13.56%
February 29, 2024 calculations
Top border of price channel:
Exp(Y964)
= Exp(a + b × X964 + 2 × s)
= Exp(a + b × 1,400 + 2 × s)
= Exp(3.2832 + -0.0005 × 1,400 + 2 × 0.0318)
= Exp(2.5853)
= $13.27
Bottom border of price channel:
Exp(Y964)
= Exp(a + b × X964 – 2 × s)
= Exp(a + b × 1,400 – 2 × s)
= Exp(3.2832 + -0.0005 × 1,400 – 2 × 0.0318)
= Exp(2.4582)
= $11.68
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.2832 + -0.0005 × 1,825 + 2 × 0.0318)
= Exp(2.3542)
= $10.53
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.2832 + -0.0005 × 1,825 – 2 × 0.0318)
= Exp(2.2270)
= $9.27
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 18.01% per annum.
- WU price at the close of April 29, 2025 was inside the secondary price channel.