Eagle Bancorp Inc (EGBN)
Eagle Bancorp, Inc. is EagleBank's banking holding company providing consumer and commercial banking services primarily in the United States. The company is headquartered in Bethesda, Maryland.
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 30.45% per annum.
- EGBN price at the close of November 19, 2024 was $28.53 and was higher than the top border of the primary price channel by $5.53 (24.06%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 187.53% per annum.
- EGBN 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 EGBN 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: May 20, 2021
End date: September 12, 2024
a = 4.6128
b = -0.0010
s = 0.1694
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -30.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1694) – 1
= 96.95%
May 20, 2021 calculations
Top border of price channel:
Exp(Y376)
= Exp(a + b × X376 + 2 × s)
= Exp(a + b × 547 + 2 × s)
= Exp(4.6128 + -0.0010 × 547 + 2 × 0.1694)
= Exp(4.4076)
= $82.07
Bottom border of price channel:
Exp(Y376)
= Exp(a + b × X376 – 2 × s)
= Exp(a + b × 547 – 2 × s)
= Exp(4.6128 + -0.0010 × 547 – 2 × 0.1694)
= Exp(3.7298)
= $41.67
September 12, 2024 calculations
Top border of price channel:
Exp(Y1,209)
= Exp(a + b × X1,209 + 2 × s)
= Exp(a + b × 1,758 + 2 × s)
= Exp(4.6128 + -0.0010 × 1,758 + 2 × 0.1694)
= Exp(3.2030)
= $24.61
Bottom border of price channel:
Exp(Y1,209)
= Exp(a + b × X1,209 – 2 × s)
= Exp(a + b × 1,758 – 2 × s)
= Exp(4.6128 + -0.0010 × 1,758 – 2 × 0.1694)
= Exp(2.5252)
= $12.49
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 30.45% per annum.
- EGBN price at the close of November 19, 2024 was $28.53 and was higher than the top border of the primary price channel by $5.53 (24.06%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: May 28, 2024
End date: November 19, 2024
a = -1.9797
b = 0.0029
s = 0.0664
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0029) – 1
= 187.53%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0664) – 1
= 30.40%
May 28, 2024 calculations
Top border of price channel:
Exp(Y1,135)
= Exp(a + b × X1,135 + 2 × s)
= Exp(a + b × 1,651 + 2 × s)
= Exp(-1.9797 + 0.0029 × 1,651 + 2 × 0.0664)
= Exp(2.9303)
= $18.73
Bottom border of price channel:
Exp(Y1,135)
= Exp(a + b × X1,135 – 2 × s)
= Exp(a + b × 1,651 – 2 × s)
= Exp(-1.9797 + 0.0029 × 1,651 – 2 × 0.0664)
= Exp(2.6648)
= $14.37
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(-1.9797 + 0.0029 × 1,826 + 2 × 0.0664)
= Exp(3.4366)
= $31.08
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-1.9797 + 0.0029 × 1,826 – 2 × 0.0664)
= Exp(3.1712)
= $23.84
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 187.53% per annum.
- EGBN price at the close of November 19, 2024 was inside the secondary price channel.