Halozyme Therapeutics Inc (HALO)
Halozyme Therapeutics, Inc. is a biopharmaceutical technology platform company in the United States, Switzerland, Ireland, Belgium, Japan, and internationally. The company is headquartered in San Diego, California.
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 2.50% per annum.
- HALO price at the close of November 19, 2024 was $44.81 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 70.42% per annum.
- HALO price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $5.61 (11.12%). 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 HALO 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: November 6, 2020
End date: June 4, 2024
a = 3.7873
b = -0.0001
s = 0.1304
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -2.50%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1304) – 1
= 68.49%
November 6, 2020 calculations
Top border of price channel:
Exp(Y243)
= Exp(a + b × X243 + 2 × s)
= Exp(a + b × 352 + 2 × s)
= Exp(3.7873 + -0.0001 × 352 + 2 × 0.1304)
= Exp(4.0237)
= $55.90
Bottom border of price channel:
Exp(Y243)
= Exp(a + b × X243 – 2 × s)
= Exp(a + b × 352 – 2 × s)
= Exp(3.7873 + -0.0001 × 352 – 2 × 0.1304)
= Exp(3.5019)
= $33.18
June 4, 2024 calculations
Top border of price channel:
Exp(Y1,140)
= Exp(a + b × X1,140 + 2 × s)
= Exp(a + b × 1,658 + 2 × s)
= Exp(3.7873 + -0.0001 × 1,658 + 2 × 0.1304)
= Exp(3.9329)
= $51.06
Bottom border of price channel:
Exp(Y1,140)
= Exp(a + b × X1,140 – 2 × s)
= Exp(a + b × 1,658 – 2 × s)
= Exp(3.7873 + -0.0001 × 1,658 – 2 × 0.1304)
= Exp(3.4112)
= $30.30
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 2.50% per annum.
- HALO price at the close of November 19, 2024 was $44.81 and was inside the primary price channel.
Secondary Trend
Start date: October 4, 2023
End date: November 14, 2024
a = 1.4336
b = 0.0015
s = 0.0901
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 70.42%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0901) – 1
= 43.39%
October 4, 2023 calculations
Top border of price channel:
Exp(Y973)
= Exp(a + b × X973 + 2 × s)
= Exp(a + b × 1,414 + 2 × s)
= Exp(1.4336 + 0.0015 × 1,414 + 2 × 0.0901)
= Exp(3.6790)
= $39.61
Bottom border of price channel:
Exp(Y973)
= Exp(a + b × X973 – 2 × s)
= Exp(a + b × 1,414 – 2 × s)
= Exp(1.4336 + 0.0015 × 1,414 – 2 × 0.0901)
= Exp(3.3186)
= $27.62
November 14, 2024 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,821 + 2 × s)
= Exp(1.4336 + 0.0015 × 1,821 + 2 × 0.0901)
= Exp(4.2734)
= $71.77
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,821 – 2 × s)
= Exp(1.4336 + 0.0015 × 1,821 – 2 × 0.0901)
= Exp(3.9131)
= $50.05
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 70.42% per annum.
- HALO price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $5.61 (11.12%). This indicates a possible reversal in the secondary trend direction.