Bill Com Holdings Inc (BILL)
Bill.com Holdings, Inc. provides cloud-based software that digitizes and automates financial back-office operations for small and medium-sized businesses globally. The company is headquartered in Palo Alto, California.
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 39.79% per annum.
- BILL price at the close of March 11, 2025 was $44.39 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 153.09% per annum.
- BILL price at the close of March 11, 2025 was lower than the bottom border of the secondary price channel by $27.47 (38.22%). This indicates a possible reversal in the secondary trend direction.
- 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 BILL 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: June 22, 2021
End date: November 5, 2024
a = 6.2173
b = -0.0014
s = 0.1987
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0014) – 1
= -39.79%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1987) – 1
= 121.36%
June 22, 2021 calculations
Top border of price channel:
Exp(Y322)
= Exp(a + b × X322 + 2 × s)
= Exp(a + b × 467 + 2 × s)
= Exp(6.2173 + -0.0014 × 467 + 2 × 0.1987)
= Exp(5.9655)
= $389.77
Bottom border of price channel:
Exp(Y322)
= Exp(a + b × X322 – 2 × s)
= Exp(a + b × 467 – 2 × s)
= Exp(6.2173 + -0.0014 × 467 – 2 × 0.1987)
= Exp(5.1709)
= $176.07
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,171)
= Exp(a + b × X1,171 + 2 × s)
= Exp(a + b × 1,699 + 2 × s)
= Exp(6.2173 + -0.0014 × 1,699 + 2 × 0.1987)
= Exp(4.2533)
= $70.34
Bottom border of price channel:
Exp(Y1,171)
= Exp(a + b × X1,171 – 2 × s)
= Exp(a + b × 1,699 – 2 × s)
= Exp(6.2173 + -0.0014 × 1,699 – 2 × 0.1987)
= Exp(3.4587)
= $31.78
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 39.79% per annum.
- BILL price at the close of March 11, 2025 was $44.39 and was inside the primary price channel.
Secondary Trend
Start date: May 3, 2024
End date: February 6, 2025
a = -0.0709
b = 0.0025
s = 0.1486
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0025) – 1
= 153.09%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1486) – 1
= 81.22%
May 3, 2024 calculations
Top border of price channel:
Exp(Y1,043)
= Exp(a + b × X1,043 + 2 × s)
= Exp(a + b × 1,513 + 2 × s)
= Exp(-0.0709 + 0.0025 × 1,513 + 2 × 0.1486)
= Exp(4.0755)
= $58.88
Bottom border of price channel:
Exp(Y1,043)
= Exp(a + b × X1,043 – 2 × s)
= Exp(a + b × 1,513 – 2 × s)
= Exp(-0.0709 + 0.0025 × 1,513 – 2 × 0.1486)
= Exp(3.4809)
= $32.49
February 6, 2025 calculations
Top border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 + 2 × s)
= Exp(a + b × 1,792 + 2 × s)
= Exp(-0.0709 + 0.0025 × 1,792 + 2 × 0.1486)
= Exp(4.7853)
= $119.74
Bottom border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 – 2 × s)
= Exp(a + b × 1,792 – 2 × s)
= Exp(-0.0709 + 0.0025 × 1,792 – 2 × 0.1486)
= Exp(4.1907)
= $66.07
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 153.09% per annum.
- BILL price at the close of March 11, 2025 was lower than the bottom border of the secondary price channel by $27.47 (38.22%). This indicates a possible reversal in the secondary trend direction.