Morningstar Inc (MORN)
Morningstar, Inc. offers independent investment research services in North America, Europe, Australia, and Asia. The company is headquartered in Chicago, Illinois.
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 42.10% per annum.
- MORN price at the close of July 17, 2025 was $291.06 and was lower than the bottom border of the primary price channel by $99.79 (25.53%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 6.65% per annum.
- MORN price at the close of July 17, 2025 was inside the secondary price channel.
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 MORN 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: February 24, 2023
End date: December 31, 2024
a = 4.3331
b = 0.0010
s = 0.0598
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 42.10%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0598) – 1
= 27.04%
February 24, 2023 calculations
Top border of price channel:
Exp(Y655)
= Exp(a + b × X655 + 2 × s)
= Exp(a + b × 949 + 2 × s)
= Exp(4.3331 + 0.0010 × 949 + 2 × 0.0598)
= Exp(5.3663)
= $214.07
Bottom border of price channel:
Exp(Y655)
= Exp(a + b × X655 – 2 × s)
= Exp(a + b × 949 – 2 × s)
= Exp(4.3331 + 0.0010 × 949 – 2 × 0.0598)
= Exp(5.1270)
= $168.51
December 31, 2024 calculations
Top border of price channel:
Exp(Y1,120)
= Exp(a + b × X1,120 + 2 × s)
= Exp(a + b × 1,625 + 2 × s)
= Exp(4.3331 + 0.0010 × 1,625 + 2 × 0.0598)
= Exp(6.0171)
= $410.37
Bottom border of price channel:
Exp(Y1,120)
= Exp(a + b × X1,120 – 2 × s)
= Exp(a + b × 1,625 – 2 × s)
= Exp(4.3331 + 0.0010 × 1,625 – 2 × 0.0598)
= Exp(5.7777)
= $323.02
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 42.10% per annum.
- MORN price at the close of July 17, 2025 was $291.06 and was lower than the bottom border of the primary price channel by $99.79 (25.53%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: November 10, 2023
End date: July 17, 2025
a = 5.4461
b = 0.0002
s = 0.0653
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 6.65%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0653) – 1
= 29.84%
November 10, 2023 calculations
Top border of price channel:
Exp(Y835)
= Exp(a + b × X835 + 2 × s)
= Exp(a + b × 1,208 + 2 × s)
= Exp(5.4461 + 0.0002 × 1,208 + 2 × 0.0653)
= Exp(5.7898)
= $326.96
Bottom border of price channel:
Exp(Y835)
= Exp(a + b × X835 – 2 × s)
= Exp(a + b × 1,208 – 2 × s)
= Exp(5.4461 + 0.0002 × 1,208 – 2 × 0.0653)
= Exp(5.5287)
= $251.81
July 17, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(5.4461 + 0.0002 × 1,823 + 2 × 0.0653)
= Exp(5.8983)
= $364.43
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(5.4461 + 0.0002 × 1,823 – 2 × 0.0653)
= Exp(5.6372)
= $280.66
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 6.65% per annum.
- MORN price at the close of July 17, 2025 was inside the secondary price channel.