WK Kellogg Co (KLG)
WK Kellogg Co is a food company in the United States, Canada, and the Caribbean. The company is headquartered in Battle Creek, Michigan.
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 26.70% per annum.
- KLG price at the close of December 2, 2024 was $21.35 and was higher than the top border of the primary price channel by $2.39 (12.58%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 22.33% per annum.
- KLG price at the close of December 2, 2024 was higher than the top border of the secondary price channel by $2.09 (10.86%).
- 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 KLG 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: March 22, 2024
End date: November 21, 2024
a = 3.1468
b = -0.0009
s = 0.0817
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -26.70%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0817) – 1
= 38.64%
March 22, 2024 calculations
Top border of price channel:
Exp(Y122)
= Exp(a + b × X122 + 2 × s)
= Exp(a + b × 177 + 2 × s)
= Exp(3.1468 + -0.0009 × 177 + 2 × 0.0817)
= Exp(3.1595)
= $23.56
Bottom border of price channel:
Exp(Y122)
= Exp(a + b × X122 – 2 × s)
= Exp(a + b × 177 – 2 × s)
= Exp(3.1468 + -0.0009 × 177 – 2 × 0.0817)
= Exp(2.8328)
= $16.99
November 21, 2024 calculations
Top border of price channel:
Exp(Y291)
= Exp(a + b × X291 + 2 × s)
= Exp(a + b × 421 + 2 × s)
= Exp(3.1468 + -0.0009 × 421 + 2 × 0.0817)
= Exp(2.9519)
= $19.14
Bottom border of price channel:
Exp(Y291)
= Exp(a + b × X291 – 2 × s)
= Exp(a + b × 421 – 2 × s)
= Exp(3.1468 + -0.0009 × 421 – 2 × 0.0817)
= Exp(2.6251)
= $13.81
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 26.70% per annum.
- KLG price at the close of December 2, 2024 was $21.35 and was higher than the top border of the primary price channel by $2.39 (12.58%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: June 21, 2024
End date: November 25, 2024
a = 2.6431
b = 0.0006
s = 0.0381
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 22.33%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0381) – 1
= 16.48%
June 21, 2024 calculations
Top border of price channel:
Exp(Y184)
= Exp(a + b × X184 + 2 × s)
= Exp(a + b × 268 + 2 × s)
= Exp(2.6431 + 0.0006 × 268 + 2 × 0.0381)
= Exp(2.8674)
= $17.59
Bottom border of price channel:
Exp(Y184)
= Exp(a + b × X184 – 2 × s)
= Exp(a + b × 268 – 2 × s)
= Exp(2.6431 + 0.0006 × 268 – 2 × 0.0381)
= Exp(2.7148)
= $15.10
November 25, 2024 calculations
Top border of price channel:
Exp(Y293)
= Exp(a + b × X293 + 2 × s)
= Exp(a + b × 425 + 2 × s)
= Exp(2.6431 + 0.0006 × 425 + 2 × 0.0381)
= Exp(2.9541)
= $19.18
Bottom border of price channel:
Exp(Y293)
= Exp(a + b × X293 – 2 × s)
= Exp(a + b × 425 – 2 × s)
= Exp(2.6431 + 0.0006 × 425 – 2 × 0.0381)
= Exp(2.8015)
= $16.47
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 22.33% per annum.
- KLG price at the close of December 2, 2024 was higher than the top border of the secondary price channel by $2.09 (10.86%).