Kelly Services A Inc (KELYA)
Kelly Services, Inc. provides workforce solutions to various industries. The company is headquartered in Troy, Michigan.
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 29.20% per annum.
- KELYA price at the close of November 19, 2024 was $14.16 and was lower than the bottom border of the primary price channel by $8.33 (37.04%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 24.63% per annum.
- KELYA price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $4.20 (22.87%).
- 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 KELYA 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: August 30, 2022
End date: August 2, 2024
a = 1.9581
b = 0.0007
s = 0.0633
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 29.20%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0633) – 1
= 28.82%
August 30, 2022 calculations
Top border of price channel:
Exp(Y698)
= Exp(a + b × X698 + 2 × s)
= Exp(a + b × 1,014 + 2 × s)
= Exp(1.9581 + 0.0007 × 1,014 + 2 × 0.0633)
= Exp(2.7964)
= $16.39
Bottom border of price channel:
Exp(Y698)
= Exp(a + b × X698 – 2 × s)
= Exp(a + b × 1,014 – 2 × s)
= Exp(1.9581 + 0.0007 × 1,014 – 2 × 0.0633)
= Exp(2.5432)
= $12.72
August 2, 2024 calculations
Top border of price channel:
Exp(Y1,181)
= Exp(a + b × X1,181 + 2 × s)
= Exp(a + b × 1,717 + 2 × s)
= Exp(1.9581 + 0.0007 × 1,717 + 2 × 0.0633)
= Exp(3.2899)
= $26.84
Bottom border of price channel:
Exp(Y1,181)
= Exp(a + b × X1,181 – 2 × s)
= Exp(a + b × 1,717 – 2 × s)
= Exp(1.9581 + 0.0007 × 1,717 – 2 × 0.0633)
= Exp(3.0366)
= $20.84
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 29.20% per annum.
- KELYA price at the close of November 19, 2024 was $14.16 and was lower than the bottom border of the primary price channel by $8.33 (37.04%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: February 20, 2024
End date: November 5, 2024
a = 4.3911
b = -0.0008
s = 0.0331
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0008) – 1
= -24.63%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0331) – 1
= 14.15%
February 20, 2024 calculations
Top border of price channel:
Exp(Y1,067)
= Exp(a + b × X1,067 + 2 × s)
= Exp(a + b × 1,553 + 2 × s)
= Exp(4.3911 + -0.0008 × 1,553 + 2 × 0.0331)
= Exp(3.2540)
= $25.89
Bottom border of price channel:
Exp(Y1,067)
= Exp(a + b × X1,067 – 2 × s)
= Exp(a + b × 1,553 – 2 × s)
= Exp(4.3911 + -0.0008 × 1,553 – 2 × 0.0331)
= Exp(3.1216)
= $22.68
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,812 + 2 × s)
= Exp(4.3911 + -0.0008 × 1,812 + 2 × 0.0331)
= Exp(3.0533)
= $21.18
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(4.3911 + -0.0008 × 1,812 – 2 × 0.0331)
= Exp(2.9209)
= $18.56
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 24.63% per annum.
- KELYA price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $4.20 (22.87%).