Axon Enterprise Inc. (AXON)
Axon Enterprise, Inc. develops, manufactures, and sells conducted energy weapons (DEC) under the TASER brand name in the United States and internationally. The company is headquartered in Scottsdale, Arizona.
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 163.33% per annum.
- AXON price at the close of September 6, 2024 was $354.62 and was lower than the bottom border of the primary price channel by $361.73 (50.50%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 45.23% per annum.
- AXON price at the close of September 6, 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 AXON 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: April 21, 2022
End date: May 9, 2023
a = 1.9365
b = 0.0027
s = 0.1005
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0027) – 1
= 163.33%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1005) – 1
= 49.47%
April 21, 2022 calculations
Top border of price channel:
Exp(Y660)
= Exp(a + b × X660 + 2 × s)
= Exp(a + b × 955 + 2 × s)
= Exp(1.9365 + 0.0027 × 955 + 2 × 0.1005)
= Exp(4.6709)
= $106.79
Bottom border of price channel:
Exp(Y660)
= Exp(a + b × X660 – 2 × s)
= Exp(a + b × 955 – 2 × s)
= Exp(1.9365 + 0.0027 × 955 – 2 × 0.1005)
= Exp(4.2689)
= $71.45
May 9, 2023 calculations
Top border of price channel:
Exp(Y923)
= Exp(a + b × X923 + 2 × s)
= Exp(a + b × 1,338 + 2 × s)
= Exp(1.9365 + 0.0027 × 1,338 + 2 × 0.1005)
= Exp(5.6869)
= $294.98
Bottom border of price channel:
Exp(Y923)
= Exp(a + b × X923 – 2 × s)
= Exp(a + b × 1,338 – 2 × s)
= Exp(1.9365 + 0.0027 × 1,338 – 2 × 0.1005)
= Exp(5.2849)
= $197.34
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 163.33% per annum.
- AXON price at the close of September 6, 2024 was $354.62 and was lower than the bottom border of the primary price channel by $361.73 (50.50%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: October 28, 2022
End date: September 6, 2024
a = 3.9293
b = 0.0010
s = 0.0935
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 45.23%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0935) – 1
= 45.33%
October 28, 2022 calculations
Top border of price channel:
Exp(Y792)
= Exp(a + b × X792 + 2 × s)
= Exp(a + b × 1,145 + 2 × s)
= Exp(3.9293 + 0.0010 × 1,145 + 2 × 0.0935)
= Exp(5.2867)
= $197.69
Bottom border of price channel:
Exp(Y792)
= Exp(a + b × X792 – 2 × s)
= Exp(a + b × 1,145 – 2 × s)
= Exp(3.9293 + 0.0010 × 1,145 – 2 × 0.0935)
= Exp(4.9128)
= $136.02
September 6, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.9293 + 0.0010 × 1,824 + 2 × 0.0935)
= Exp(5.9808)
= $395.76
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.9293 + 0.0010 × 1,824 – 2 × 0.0935)
= Exp(5.6070)
= $272.31
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 45.23% per annum.
- AXON price at the close of September 6, 2024 was inside the secondary price channel.