Flex Ltd (FLEX)
Flex Ltd. provides design, engineering, manufacturing and supply chain services and solutions to OEMs in Asia, the Americas and Europe. The company is headquartered in Singapore.
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 83.27% per annum.
- FLEX price at the close of April 25, 2025 was $35.22 and was lower than the bottom border of the primary price channel by $1.14 (3.13%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 80.28% per annum.
- FLEX price at the close of April 25, 2025 was higher than the top border of the secondary price channel by $2.30 (6.99%). This indicates a possible reversal in the secondary trend direction.
- 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 FLEX 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 9, 2022
End date: February 28, 2025
a = 0.8202
b = 0.0017
s = 0.1271
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0017) – 1
= 83.27%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1271) – 1
= 66.25%
May 9, 2022 calculations
Top border of price channel:
Exp(Y513)
= Exp(a + b × X513 + 2 × s)
= Exp(a + b × 742 + 2 × s)
= Exp(0.8202 + 0.0017 × 742 + 2 × 0.1271)
= Exp(2.3059)
= $10.03
Bottom border of price channel:
Exp(Y513)
= Exp(a + b × X513 – 2 × s)
= Exp(a + b × 742 – 2 × s)
= Exp(0.8202 + 0.0017 × 742 – 2 × 0.1271)
= Exp(1.7976)
= $6.03
February 28, 2025 calculations
Top border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 + 2 × s)
= Exp(a + b × 1,768 + 2 × s)
= Exp(0.8202 + 0.0017 × 1,768 + 2 × 0.1271)
= Exp(4.0088)
= $55.08
Bottom border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 – 2 × s)
= Exp(a + b × 1,768 – 2 × s)
= Exp(0.8202 + 0.0017 × 1,768 – 2 × 0.1271)
= Exp(3.5004)
= $33.13
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 83.27% per annum.
- FLEX price at the close of April 25, 2025 was $35.22 and was lower than the bottom border of the primary price channel by $1.14 (3.13%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 15, 2025
End date: April 22, 2025
a = 11.4878
b = -0.0044
s = 0.0593
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0044) – 1
= -80.28%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0593) – 1
= 26.79%
January 15, 2025 calculations
Top border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 + 2 × s)
= Exp(a + b × 1,724 + 2 × s)
= Exp(11.4878 + -0.0044 × 1,724 + 2 × 0.0593)
= Exp(3.9388)
= $51.36
Bottom border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 – 2 × s)
= Exp(a + b × 1,724 – 2 × s)
= Exp(11.4878 + -0.0044 × 1,724 – 2 × 0.0593)
= Exp(3.7014)
= $40.50
April 22, 2025 calculations
Top border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 + 2 × s)
= Exp(a + b × 1,821 + 2 × s)
= Exp(11.4878 + -0.0044 × 1,821 + 2 × 0.0593)
= Exp(3.5074)
= $33.36
Bottom border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 – 2 × s)
= Exp(a + b × 1,821 – 2 × s)
= Exp(11.4878 + -0.0044 × 1,821 – 2 × 0.0593)
= Exp(3.2700)
= $26.31
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 80.28% per annum.
- FLEX price at the close of April 25, 2025 was higher than the top border of the secondary price channel by $2.30 (6.99%). This indicates a possible reversal in the secondary trend direction.