Stock Price Trends

Lantheus Holdings Inc (LNTH)

Lantheus Holdings, Inc. develops, manufactures and markets diagnostic and therapeutic agents and products that assist physicians in the diagnosis and treatment of heart, cancer and other diseases worldwide. The company is headquartered in North Billerica, Massachusetts.

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 4.12% per annum.
  • LNTH price at the close of November 19, 2024 was $79.43 and was inside the primary price channel.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 164.81% per annum.
  • LNTH price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $23.56 (22.87%). This indicates a possible reversal in the secondary trend direction.

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 LNTH 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 1, 2022
End date: July 9, 2024

a = 4.0837

b = 0.0001

s = 0.1666

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 4.12%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.1666) – 1
= 94.69%

March 1, 2022 calculations

Top border of price channel:

Exp(Y572)
= Exp(a + b × X572 + 2 × s)
= Exp(a + b × 832 + 2 × s)
= Exp(4.0837 + 0.0001 × 832 + 2 × 0.1666)
= Exp(4.5089)
= $90.82

Bottom border of price channel:

Exp(Y572)
= Exp(a + b × X572 – 2 × s)
= Exp(a + b × 832 – 2 × s)
= Exp(4.0837 + 0.0001 × 832 – 2 × 0.1666)
= Exp(3.8426)
= $46.65

July 9, 2024 calculations

Top border of price channel:

Exp(Y1,163)
= Exp(a + b × X1,163 + 2 × s)
= Exp(a + b × 1,693 + 2 × s)
= Exp(4.0837 + 0.0001 × 1,693 + 2 × 0.1666)
= Exp(4.6041)
= $99.89

Bottom border of price channel:

Exp(Y1,163)
= Exp(a + b × X1,163 – 2 × s)
= Exp(a + b × 1,693 – 2 × s)
= Exp(4.0837 + 0.0001 × 1,693 – 2 × 0.1666)
= Exp(3.9378)
= $51.31

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 4.12% per annum.
  • LNTH price at the close of November 19, 2024 was $79.43 and was inside the primary price channel.

Secondary Trend

Start date: December 18, 2023
End date: November 5, 2024

a = -0.0374

b = 0.0027

s = 0.1000

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0027) – 1
= 164.81%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.1000) – 1
= 49.16%

December 18, 2023 calculations

Top border of price channel:

Exp(Y1,025)
= Exp(a + b × X1,025 + 2 × s)
= Exp(a + b × 1,489 + 2 × s)
= Exp(-0.0374 + 0.0027 × 1,489 + 2 × 0.1000)
= Exp(4.1353)
= $62.51

Bottom border of price channel:

Exp(Y1,025)
= Exp(a + b × X1,025 – 2 × s)
= Exp(a + b × 1,489 – 2 × s)
= Exp(-0.0374 + 0.0027 × 1,489 – 2 × 0.1000)
= Exp(3.7355)
= $41.91

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(-0.0374 + 0.0027 × 1,812 + 2 × 0.1000)
= Exp(4.9971)
= $147.99

Bottom border of price channel:

Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(-0.0374 + 0.0027 × 1,812 – 2 × 0.1000)
= Exp(4.5972)
= $99.21

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 164.81% per annum.
  • LNTH price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $23.56 (22.87%). This indicates a possible reversal in the secondary trend direction.