Intel Corporation (INTC)
Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, in Silicon Valley. It is the world's largest semiconductor chip manufacturer by revenue, and is the developer of the x86 series of microprocessors, the processors found in most personal computers (PCs).
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 67.31% per annum.
- INTC price at the close of October 16, 2024 was $22.31 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 143.43% per annum.
- INTC price at the close of October 16, 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 INTC 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: December 15, 2023
End date: October 16, 2024
a = 8.6069
b = -0.0031
s = 0.1108
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0031) – 1
= -67.31%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1108) – 1
= 55.78%
December 15, 2023 calculations
Top border of price channel:
Exp(Y1,048)
= Exp(a + b × X1,048 + 2 × s)
= Exp(a + b × 1,520 + 2 × s)
= Exp(8.6069 + -0.0031 × 1,520 + 2 × 0.1108)
= Exp(4.1728)
= $64.90
Bottom border of price channel:
Exp(Y1,048)
= Exp(a + b × X1,048 – 2 × s)
= Exp(a + b × 1,520 – 2 × s)
= Exp(8.6069 + -0.0031 × 1,520 – 2 × 0.1108)
= Exp(3.7296)
= $41.66
October 16, 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(8.6069 + -0.0031 × 1,826 + 2 × 0.1108)
= Exp(3.2356)
= $25.42
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(8.6069 + -0.0031 × 1,826 – 2 × 0.1108)
= Exp(2.7923)
= $16.32
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 67.31% per annum.
- INTC price at the close of October 16, 2024 was $22.31 and was inside the primary price channel.
Secondary Trend
Start date: August 5, 2024
End date: October 16, 2024
a = -1.3115
b = 0.0024
s = 0.0502
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0024) – 1
= 143.43%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0502) – 1
= 22.26%
August 5, 2024 calculations
Top border of price channel:
Exp(Y1,206)
= Exp(a + b × X1,206 + 2 × s)
= Exp(a + b × 1,754 + 2 × s)
= Exp(-1.3115 + 0.0024 × 1,754 + 2 × 0.0502)
= Exp(3.0642)
= $21.42
Bottom border of price channel:
Exp(Y1,206)
= Exp(a + b × X1,206 – 2 × s)
= Exp(a + b × 1,754 – 2 × s)
= Exp(-1.3115 + 0.0024 × 1,754 – 2 × 0.0502)
= Exp(2.8632)
= $17.52
October 16, 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(-1.3115 + 0.0024 × 1,826 + 2 × 0.0502)
= Exp(3.2397)
= $25.53
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-1.3115 + 0.0024 × 1,826 – 2 × 0.0502)
= Exp(3.0387)
= $20.88
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 143.43% per annum.
- INTC price at the close of October 16, 2024 was inside the secondary price channel.