Zebra Technologies Corporation (ZBRA)
Zebra Technologies Corporation is an American company that manufactures and sells marking, tracking, and computer printing technologies. Its products include thermal barcode label and receipt printers, RFID smart label printers/encoders/fixed & handheld readers/antennas, and card and kiosk printers that are used for barcode labeling, personal identification, and specialty printing, principally in the manufacturing, supply chain, retail, healthcare, and government sectors.
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 28.24% per annum.
- ZBRA price at the close of July 25, 2024 was $324.41 and was higher than the top border of the primary price channel by $77.14 (31.20%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 73.04% per annum.
- ZBRA price at the close of July 25, 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 ZBRA 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: February 11, 2021
End date: February 14, 2024
a = 6.8774
b = -0.0009
s = 0.1466
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -28.24%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1466) – 1
= 79.74%
February 11, 2021 calculations
Top border of price channel:
Exp(Y390)
= Exp(a + b × X390 + 2 × s)
= Exp(a + b × 566 + 2 × s)
= Exp(6.8774 + -0.0009 × 566 + 2 × 0.1466)
= Exp(6.6560)
= $777.45
Bottom border of price channel:
Exp(Y390)
= Exp(a + b × X390 – 2 × s)
= Exp(a + b × 566 – 2 × s)
= Exp(6.8774 + -0.0009 × 566 – 2 × 0.1466)
= Exp(6.0697)
= $432.55
February 14, 2024 calculations
Top border of price channel:
Exp(Y1,146)
= Exp(a + b × X1,146 + 2 × s)
= Exp(a + b × 1,664 + 2 × s)
= Exp(6.8774 + -0.0009 × 1,664 + 2 × 0.1466)
= Exp(5.6578)
= $286.50
Bottom border of price channel:
Exp(Y1,146)
= Exp(a + b × X1,146 – 2 × s)
= Exp(a + b × 1,664 – 2 × s)
= Exp(6.8774 + -0.0009 × 1,664 – 2 × 0.1466)
= Exp(5.0714)
= $159.40
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 28.24% per annum.
- ZBRA price at the close of July 25, 2024 was $324.41 and was higher than the top border of the primary price channel by $77.14 (31.20%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 21, 2023
End date: July 25, 2024
a = 3.0767
b = 0.0015
s = 0.0557
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 73.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0557) – 1
= 24.95%
September 21, 2023 calculations
Top border of price channel:
Exp(Y1,046)
= Exp(a + b × X1,046 + 2 × s)
= Exp(a + b × 1,518 + 2 × s)
= Exp(3.0767 + 0.0015 × 1,518 + 2 × 0.0557)
= Exp(5.4686)
= $237.14
Bottom border of price channel:
Exp(Y1,046)
= Exp(a + b × X1,046 – 2 × s)
= Exp(a + b × 1,518 – 2 × s)
= Exp(3.0767 + 0.0015 × 1,518 – 2 × 0.0557)
= Exp(5.2459)
= $189.79
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.0767 + 0.0015 × 1,826 + 2 × 0.0557)
= Exp(5.9314)
= $376.68
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.0767 + 0.0015 × 1,826 – 2 × 0.0557)
= Exp(5.7087)
= $301.47
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 73.04% per annum.
- ZBRA price at the close of July 25, 2024 was inside the secondary price channel.