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 increasing.
- The growth rate of the primary trend is 15.49% per annum.
- ZBRA price at the close of September 17, 2025 was $317.32 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 36.20% per annum.
- ZBRA price at the close of September 17, 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 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: September 13, 2022
End date: March 3, 2025
a = 5.2192
b = 0.0004
s = 0.1325
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 15.49%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1325) – 1
= 69.88%
September 13, 2022 calculations
Top border of price channel:
Exp(Y499)
= Exp(a + b × X499 + 2 × s)
= Exp(a + b × 725 + 2 × s)
= Exp(5.2192 + 0.0004 × 725 + 2 × 0.1325)
= Exp(5.7702)
= $320.59
Bottom border of price channel:
Exp(Y499)
= Exp(a + b × X499 – 2 × s)
= Exp(a + b × 725 – 2 × s)
= Exp(5.2192 + 0.0004 × 725 – 2 × 0.1325)
= Exp(5.2403)
= $188.72
March 3, 2025 calculations
Top border of price channel:
Exp(Y1,117)
= Exp(a + b × X1,117 + 2 × s)
= Exp(a + b × 1,627 + 2 × s)
= Exp(5.2192 + 0.0004 × 1,627 + 2 × 0.1325)
= Exp(6.1261)
= $457.64
Bottom border of price channel:
Exp(Y1,117)
= Exp(a + b × X1,117 – 2 × s)
= Exp(a + b × 1,627 – 2 × s)
= Exp(5.2192 + 0.0004 × 1,627 – 2 × 0.1325)
= Exp(5.5962)
= $269.40
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 15.49% per annum.
- ZBRA price at the close of September 17, 2025 was $317.32 and was inside the primary price channel.
Secondary Trend
Start date: August 15, 2024
End date: June 30, 2025
a = 7.7553
b = -0.0012
s = 0.1294
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -36.20%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1294) – 1
= 67.77%
August 15, 2024 calculations
Top border of price channel:
Exp(Y982)
= Exp(a + b × X982 + 2 × s)
= Exp(a + b × 1,427 + 2 × s)
= Exp(7.7553 + -0.0012 × 1,427 + 2 × 0.1294)
= Exp(6.2569)
= $521.59
Bottom border of price channel:
Exp(Y982)
= Exp(a + b × X982 – 2 × s)
= Exp(a + b × 1,427 – 2 × s)
= Exp(7.7553 + -0.0012 × 1,427 – 2 × 0.1294)
= Exp(5.7394)
= $310.89
June 30, 2025 calculations
Top border of price channel:
Exp(Y1,199)
= Exp(a + b × X1,199 + 2 × s)
= Exp(a + b × 1,746 + 2 × s)
= Exp(7.7553 + -0.0012 × 1,746 + 2 × 0.1294)
= Exp(5.8641)
= $352.16
Bottom border of price channel:
Exp(Y1,199)
= Exp(a + b × X1,199 – 2 × s)
= Exp(a + b × 1,746 – 2 × s)
= Exp(7.7553 + -0.0012 × 1,746 – 2 × 0.1294)
= Exp(5.3466)
= $209.90
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 36.20% per annum.
- ZBRA price at the close of September 17, 2025 was inside the secondary price channel.