CEVA Inc (CEVA)
None
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 27.69% per annum.
- CEVA price at the close of November 19, 2024 was $28.28 and was higher than the top border of the primary price channel by $8.54 (43.26%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 12.00% per annum.
- CEVA price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $0.33 (1.18%).
- 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: January 6, 2021
End date: August 7, 2024
a = 4.3933
b = -0.0009
s = 0.1055
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -27.69%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1055) – 1
= 52.51%
January 6, 2021 calculations
Top border of price channel:
Exp(Y283)
= Exp(a + b × X283 + 2 × s)
= Exp(a + b × 413 + 2 × s)
= Exp(4.3933 + -0.0009 × 413 + 2 × 0.1055)
= Exp(4.2376)
= $69.24
Bottom border of price channel:
Exp(Y283)
= Exp(a + b × X283 – 2 × s)
= Exp(a + b × 413 – 2 × s)
= Exp(4.3933 + -0.0009 × 413 – 2 × 0.1055)
= Exp(3.8155)
= $45.40
August 7, 2024 calculations
Top border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 + 2 × s)
= Exp(a + b × 1,722 + 2 × s)
= Exp(4.3933 + -0.0009 × 1,722 + 2 × 0.1055)
= Exp(3.0750)
= $21.65
Bottom border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 – 2 × s)
= Exp(a + b × 1,722 – 2 × s)
= Exp(4.3933 + -0.0009 × 1,722 – 2 × 0.1055)
= Exp(2.6530)
= $14.20
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 27.69% per annum.
- CEVA price at the close of November 19, 2024 was $28.28 and was higher than the top border of the primary price channel by $8.54 (43.26%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: August 9, 2023
End date: November 19, 2024
a = 2.5715
b = 0.0003
s = 0.0959
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 12.00%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0959) – 1
= 46.73%
August 9, 2023 calculations
Top border of price channel:
Exp(Y934)
= Exp(a + b × X934 + 2 × s)
= Exp(a + b × 1,358 + 2 × s)
= Exp(2.5715 + 0.0003 × 1,358 + 2 × 0.0959)
= Exp(3.1850)
= $24.17
Bottom border of price channel:
Exp(Y934)
= Exp(a + b × X934 – 2 × s)
= Exp(a + b × 1,358 – 2 × s)
= Exp(2.5715 + 0.0003 × 1,358 – 2 × 0.0959)
= Exp(2.8016)
= $16.47
November 19, 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(2.5715 + 0.0003 × 1,826 + 2 × 0.0959)
= Exp(3.3304)
= $27.95
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.5715 + 0.0003 × 1,826 – 2 × 0.0959)
= Exp(2.9470)
= $19.05
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 12.00% per annum.
- CEVA price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $0.33 (1.18%).