Cirrus Logic Inc (CRUS)
Cirrus Logic, Inc., a factory-less semiconductor company, offers high-precision, low-power mixed signal processing solutions in the United States and internationally. The company is headquartered in Austin, Texas.
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 111.04% per annum.
- CRUS price at the close of November 19, 2024 was $100.58 and was lower than the bottom border of the primary price channel by $34.86 (25.74%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 71.26% per annum.
- CRUS price at the close of November 19, 2024 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 CRUS 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 6, 2023
End date: September 16, 2024
a = 1.3285
b = 0.0020
s = 0.0782
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0020) – 1
= 111.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0782) – 1
= 36.70%
September 6, 2023 calculations
Top border of price channel:
Exp(Y953)
= Exp(a + b × X953 + 2 × s)
= Exp(a + b × 1,386 + 2 × s)
= Exp(1.3285 + 0.0020 × 1,386 + 2 × 0.0782)
= Exp(4.3208)
= $75.25
Bottom border of price channel:
Exp(Y953)
= Exp(a + b × X953 – 2 × s)
= Exp(a + b × 1,386 – 2 × s)
= Exp(1.3285 + 0.0020 × 1,386 – 2 × 0.0782)
= Exp(4.0082)
= $55.05
September 16, 2024 calculations
Top border of price channel:
Exp(Y1,211)
= Exp(a + b × X1,211 + 2 × s)
= Exp(a + b × 1,762 + 2 × s)
= Exp(1.3285 + 0.0020 × 1,762 + 2 × 0.0782)
= Exp(5.0902)
= $162.42
Bottom border of price channel:
Exp(Y1,211)
= Exp(a + b × X1,211 – 2 × s)
= Exp(a + b × 1,762 – 2 × s)
= Exp(1.3285 + 0.0020 × 1,762 – 2 × 0.0782)
= Exp(4.7776)
= $118.82
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 111.04% per annum.
- CRUS price at the close of November 19, 2024 was $100.58 and was lower than the bottom border of the primary price channel by $34.86 (25.74%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: August 13, 2024
End date: November 19, 2024
a = 10.8847
b = -0.0034
s = 0.0404
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0034) – 1
= -71.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0404) – 1
= 17.54%
August 13, 2024 calculations
Top border of price channel:
Exp(Y1,188)
= Exp(a + b × X1,188 + 2 × s)
= Exp(a + b × 1,728 + 2 × s)
= Exp(10.8847 + -0.0034 × 1,728 + 2 × 0.0404)
= Exp(5.0622)
= $157.94
Bottom border of price channel:
Exp(Y1,188)
= Exp(a + b × X1,188 – 2 × s)
= Exp(a + b × 1,728 – 2 × s)
= Exp(10.8847 + -0.0034 × 1,728 – 2 × 0.0404)
= Exp(4.9006)
= $134.38
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(10.8847 + -0.0034 × 1,826 + 2 × 0.0404)
= Exp(4.7274)
= $113.00
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(10.8847 + -0.0034 × 1,826 – 2 × 0.0404)
= Exp(4.5658)
= $96.14
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 71.26% per annum.
- CRUS price at the close of November 19, 2024 was inside the secondary price channel.