Kulicke and Soffa Industries Inc (KLIC)
Kulicke and Soffa Industries, Inc. designs, manufactures and sells capital equipment and tools for assembling semiconductor devices. The company is headquartered in Singapore.
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 3.86% per annum.
- KLIC price at the close of January 27, 2025 was $42.88 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 48.89% per annum.
- KLIC price at the close of January 27, 2025 was lower than the bottom border of the secondary price channel by $2.29 (5.07%). 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 KLIC 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 31, 2021
End date: January 27, 2025
a = 4.0062
b = -0.0001
s = 0.1065
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -3.86%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1065) – 1
= 53.14%
March 31, 2021 calculations
Top border of price channel:
Exp(Y296)
= Exp(a + b × X296 + 2 × s)
= Exp(a + b × 428 + 2 × s)
= Exp(4.0062 + -0.0001 × 428 + 2 × 0.1065)
= Exp(4.1731)
= $64.92
Bottom border of price channel:
Exp(Y296)
= Exp(a + b × X296 – 2 × s)
= Exp(a + b × 428 – 2 × s)
= Exp(4.0062 + -0.0001 × 428 – 2 × 0.1065)
= Exp(3.7469)
= $42.39
January 27, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(4.0062 + -0.0001 × 1,826 + 2 × 0.1065)
= Exp(4.0224)
= $55.83
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.0062 + -0.0001 × 1,826 – 2 × 0.1065)
= Exp(3.5962)
= $36.46
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 3.86% per annum.
- KLIC price at the close of January 27, 2025 was $42.88 and was inside the primary price channel.
Secondary Trend
Start date: August 2, 2024
End date: January 27, 2025
a = 1.9090
b = 0.0011
s = 0.0450
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 48.89%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0450) – 1
= 19.73%
August 2, 2024 calculations
Top border of price channel:
Exp(Y1,136)
= Exp(a + b × X1,136 + 2 × s)
= Exp(a + b × 1,648 + 2 × s)
= Exp(1.9090 + 0.0011 × 1,648 + 2 × 0.0450)
= Exp(3.7963)
= $44.54
Bottom border of price channel:
Exp(Y1,136)
= Exp(a + b × X1,136 – 2 × s)
= Exp(a + b × 1,648 – 2 × s)
= Exp(1.9090 + 0.0011 × 1,648 – 2 × 0.0450)
= Exp(3.6163)
= $37.20
January 27, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(1.9090 + 0.0011 × 1,826 + 2 × 0.0450)
= Exp(3.9904)
= $54.08
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.9090 + 0.0011 × 1,826 – 2 × 0.0450)
= Exp(3.8104)
= $45.17
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 48.89% per annum.
- KLIC price at the close of January 27, 2025 was lower than the bottom border of the secondary price channel by $2.29 (5.07%). This indicates a possible reversal in the secondary trend direction.