Stock Price Trends

Golden Entertainment Inc (GDEN)

Golden Entertainment, Inc. participates in the ownership and operation of a diversified entertainment platform in the United States. The company is headquartered in Las Vegas, Nevada.

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 11.30% per annum.
  • GDEN price at the close of November 20, 2024 was $34.06 and was inside the primary price channel.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 18.77% per annum.
  • GDEN price at the close of November 20, 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 GDEN 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: June 1, 2021
End date: November 20, 2024

a = 4.0289

b = -0.0003

s = 0.0854

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -11.30%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0854) – 1
= 40.72%

June 1, 2021 calculations

Top border of price channel:

Exp(Y382)
= Exp(a + b × X382 + 2 × s)
= Exp(a + b × 558 + 2 × s)
= Exp(4.0289 + -0.0003 × 558 + 2 × 0.0854)
= Exp(4.0164)
= $55.50

Bottom border of price channel:

Exp(Y382)
= Exp(a + b × X382 – 2 × s)
= Exp(a + b × 558 – 2 × s)
= Exp(4.0289 + -0.0003 × 558 – 2 × 0.0854)
= Exp(3.6748)
= $39.44

November 20, 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(4.0289 + -0.0003 × 1,826 + 2 × 0.0854)
= Exp(3.5997)
= $36.59

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.0289 + -0.0003 × 1,826 – 2 × 0.0854)
= Exp(3.2581)
= $26.00

Description

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 11.30% per annum.
  • GDEN price at the close of November 20, 2024 was $34.06 and was inside the primary price channel.

Secondary Trend

Start date: May 20, 2024
End date: November 20, 2024

a = 2.5987

b = 0.0005

s = 0.0403

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 18.77%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0403) – 1
= 17.48%

May 20, 2024 calculations

Top border of price channel:

Exp(Y1,129)
= Exp(a + b × X1,129 + 2 × s)
= Exp(a + b × 1,642 + 2 × s)
= Exp(2.5987 + 0.0005 × 1,642 + 2 × 0.0403)
= Exp(3.4532)
= $31.60

Bottom border of price channel:

Exp(Y1,129)
= Exp(a + b × X1,129 – 2 × s)
= Exp(a + b × 1,642 – 2 × s)
= Exp(2.5987 + 0.0005 × 1,642 – 2 × 0.0403)
= Exp(3.2921)
= $26.90

November 20, 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(2.5987 + 0.0005 × 1,826 + 2 × 0.0403)
= Exp(3.5400)
= $34.47

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.5987 + 0.0005 × 1,826 – 2 × 0.0403)
= Exp(3.3789)
= $29.34

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 18.77% per annum.
  • GDEN price at the close of November 20, 2024 was inside the secondary price channel.