L3Harris Technologies Inc (LHX)
L3Harris Technologies (L3Harris) is an American technology company, defense contractor and information technology services provider that produces C6ISR systems and products, wireless equipment, tactical radios, avionics and electronic systems, night vision equipment, and both terrestrial and spaceborne antennas for use in the government, defense, and commercial sectors.
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 26.96% per annum.
- LHX price at the close of April 2, 2025 was $211.90 and was lower than the bottom border of the primary price channel by $28.12 (11.72%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 43.91% per annum.
- LHX price at the close of April 2, 2025 was higher than the top border of the secondary price channel by $6.63 (3.23%). 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 LHX 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: May 2, 2023
End date: December 6, 2024
a = 4.3838
b = 0.0007
s = 0.0484
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 26.96%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0484) – 1
= 21.34%
May 2, 2023 calculations
Top border of price channel:
Exp(Y774)
= Exp(a + b × X774 + 2 × s)
= Exp(a + b × 1,124 + 2 × s)
= Exp(4.3838 + 0.0007 × 1,124 + 2 × 0.0484)
= Exp(5.2157)
= $184.14
Bottom border of price channel:
Exp(Y774)
= Exp(a + b × X774 – 2 × s)
= Exp(a + b × 1,124 – 2 × s)
= Exp(4.3838 + 0.0007 × 1,124 – 2 × 0.0484)
= Exp(5.0222)
= $151.75
December 6, 2024 calculations
Top border of price channel:
Exp(Y1,177)
= Exp(a + b × X1,177 + 2 × s)
= Exp(a + b × 1,708 + 2 × s)
= Exp(4.3838 + 0.0007 × 1,708 + 2 × 0.0484)
= Exp(5.5977)
= $269.79
Bottom border of price channel:
Exp(Y1,177)
= Exp(a + b × X1,177 – 2 × s)
= Exp(a + b × 1,708 – 2 × s)
= Exp(4.3838 + 0.0007 × 1,708 – 2 × 0.0484)
= Exp(5.4042)
= $222.34
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 26.96% per annum.
- LHX price at the close of April 2, 2025 was $211.90 and was lower than the bottom border of the primary price channel by $28.12 (11.72%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 30, 2024
End date: March 5, 2025
a = 8.1371
b = -0.0016
s = 0.0392
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0016) – 1
= -43.91%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0392) – 1
= 16.99%
September 30, 2024 calculations
Top border of price channel:
Exp(Y1,129)
= Exp(a + b × X1,129 + 2 × s)
= Exp(a + b × 1,641 + 2 × s)
= Exp(8.1371 + -0.0016 × 1,641 + 2 × 0.0392)
= Exp(5.6158)
= $274.74
Bottom border of price channel:
Exp(Y1,129)
= Exp(a + b × X1,129 – 2 × s)
= Exp(a + b × 1,641 – 2 × s)
= Exp(8.1371 + -0.0016 × 1,641 – 2 × 0.0392)
= Exp(5.4589)
= $234.84
March 5, 2025 calculations
Top border of price channel:
Exp(Y1,235)
= Exp(a + b × X1,235 + 2 × s)
= Exp(a + b × 1,797 + 2 × s)
= Exp(8.1371 + -0.0016 × 1,797 + 2 × 0.0392)
= Exp(5.3687)
= $214.58
Bottom border of price channel:
Exp(Y1,235)
= Exp(a + b × X1,235 – 2 × s)
= Exp(a + b × 1,797 – 2 × s)
= Exp(8.1371 + -0.0016 × 1,797 – 2 × 0.0392)
= Exp(5.2118)
= $183.42
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 43.91% per annum.
- LHX price at the close of April 2, 2025 was higher than the top border of the secondary price channel by $6.63 (3.23%). This indicates a possible reversal in the secondary trend direction.