First Financial Bancorp (FFBC)
First Financial Bancorp. The company is headquartered in Cincinnati, Ohio.
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 0.25% per annum.
- FFBC price at the close of April 25, 2025 was $22.93 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 25.46% per annum.
- FFBC price at the close of April 25, 2025 was lower than the bottom border of the secondary price channel by $1.78 (7.21%). This indicates a possible reversal in the secondary trend direction.
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 FFBC 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: February 8, 2021
End date: July 10, 2024
a = 3.0142
b = 0.0000
s = 0.0769
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 0.25%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0769) – 1
= 36.04%
February 8, 2021 calculations
Top border of price channel:
Exp(Y198)
= Exp(a + b × X198 + 2 × s)
= Exp(a + b × 287 + 2 × s)
= Exp(3.0142 + 0.0000 × 287 + 2 × 0.0769)
= Exp(3.1701)
= $23.81
Bottom border of price channel:
Exp(Y198)
= Exp(a + b × X198 – 2 × s)
= Exp(a + b × 287 – 2 × s)
= Exp(3.0142 + 0.0000 × 287 – 2 × 0.0769)
= Exp(2.8623)
= $17.50
July 10, 2024 calculations
Top border of price channel:
Exp(Y1,057)
= Exp(a + b × X1,057 + 2 × s)
= Exp(a + b × 1,535 + 2 × s)
= Exp(3.0142 + 0.0000 × 1,535 + 2 × 0.0769)
= Exp(3.1787)
= $24.02
Bottom border of price channel:
Exp(Y1,057)
= Exp(a + b × X1,057 – 2 × s)
= Exp(a + b × 1,535 – 2 × s)
= Exp(3.0142 + 0.0000 × 1,535 – 2 × 0.0769)
= Exp(2.8710)
= $17.65
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 0.25% per annum.
- FFBC price at the close of April 25, 2025 was $22.93 and was inside the primary price channel.
Secondary Trend
Start date: April 4, 2023
End date: March 7, 2025
a = 2.2108
b = 0.0006
s = 0.0685
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 25.46%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0685) – 1
= 31.53%
April 4, 2023 calculations
Top border of price channel:
Exp(Y740)
= Exp(a + b × X740 + 2 × s)
= Exp(a + b × 1,072 + 2 × s)
= Exp(2.2108 + 0.0006 × 1,072 + 2 × 0.0685)
= Exp(3.0140)
= $20.37
Bottom border of price channel:
Exp(Y740)
= Exp(a + b × X740 – 2 × s)
= Exp(a + b × 1,072 – 2 × s)
= Exp(2.2108 + 0.0006 × 1,072 – 2 × 0.0685)
= Exp(2.7399)
= $15.49
March 7, 2025 calculations
Top border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 + 2 × s)
= Exp(a + b × 1,775 + 2 × s)
= Exp(2.2108 + 0.0006 × 1,775 + 2 × 0.0685)
= Exp(3.4509)
= $31.53
Bottom border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 – 2 × s)
= Exp(a + b × 1,775 – 2 × s)
= Exp(2.2108 + 0.0006 × 1,775 – 2 × 0.0685)
= Exp(3.1768)
= $23.97
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 25.46% per annum.
- FFBC price at the close of April 25, 2025 was lower than the bottom border of the secondary price channel by $1.78 (7.21%). This indicates a possible reversal in the secondary trend direction.