CEVA Inc (CEVA)
None
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 117.20% per annum.
- CEVA price at the close of March 28, 2025 was $25.94 and was lower than the bottom border of the primary price channel by $5.58 (17.69%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 93.78% per annum.
- CEVA price at the close of March 28, 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 CEVA 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 17, 2024
End date: March 7, 2025
a = -0.2746
b = 0.0021
s = 0.0745
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0021) – 1
= 117.20%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0745) – 1
= 34.71%
April 17, 2024 calculations
Top border of price channel:
Exp(Y1,018)
= Exp(a + b × X1,018 + 2 × s)
= Exp(a + b × 1,478 + 2 × s)
= Exp(-0.2746 + 0.0021 × 1,478 + 2 × 0.0745)
= Exp(3.0153)
= $20.40
Bottom border of price channel:
Exp(Y1,018)
= Exp(a + b × X1,018 – 2 × s)
= Exp(a + b × 1,478 – 2 × s)
= Exp(-0.2746 + 0.0021 × 1,478 – 2 × 0.0745)
= Exp(2.7173)
= $15.14
March 7, 2025 calculations
Top border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 + 2 × s)
= Exp(a + b × 1,802 + 2 × s)
= Exp(-0.2746 + 0.0021 × 1,802 + 2 × 0.0745)
= Exp(3.7038)
= $40.60
Bottom border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 – 2 × s)
= Exp(a + b × 1,802 – 2 × s)
= Exp(-0.2746 + 0.0021 × 1,802 – 2 × 0.0745)
= Exp(3.4059)
= $30.14
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 117.20% per annum.
- CEVA price at the close of March 28, 2025 was $25.94 and was lower than the bottom border of the primary price channel by $5.58 (17.69%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: February 18, 2025
End date: March 28, 2025
a = 17.1785
b = -0.0076
s = 0.0344
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0076) – 1
= -93.78%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0344) – 1
= 14.77%
February 18, 2025 calculations
Top border of price channel:
Exp(Y1,227)
= Exp(a + b × X1,227 + 2 × s)
= Exp(a + b × 1,785 + 2 × s)
= Exp(17.1785 + -0.0076 × 1,785 + 2 × 0.0344)
= Exp(3.6620)
= $38.94
Bottom border of price channel:
Exp(Y1,227)
= Exp(a + b × X1,227 – 2 × s)
= Exp(a + b × 1,785 – 2 × s)
= Exp(17.1785 + -0.0076 × 1,785 – 2 × 0.0344)
= Exp(3.5243)
= $33.93
March 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(17.1785 + -0.0076 × 1,823 + 2 × 0.0344)
= Exp(3.3728)
= $29.16
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(17.1785 + -0.0076 × 1,823 – 2 × 0.0344)
= Exp(3.2351)
= $25.41
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 93.78% per annum.
- CEVA price at the close of March 28, 2025 was inside the secondary price channel.