Omnicell Inc (OMCL)
Omnicell, Inc., provides medication management automation solutions and adherence tools for health care systems and pharmacies in the United States and internationally. The company is headquartered in Mountain View, California.
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 48.11% per annum.
- OMCL price at the close of November 19, 2024 was $42.41 and was higher than the top border of the primary price channel by $12.26 (40.68%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 128.26% per annum.
- OMCL price at the close of November 19, 2024 was inside the secondary price channel.
- 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 OMCL 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: June 7, 2021
End date: July 31, 2024
a = 6.3133
b = -0.0018
s = 0.1876
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0018) – 1
= -48.11%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1876) – 1
= 111.76%
June 7, 2021 calculations
Top border of price channel:
Exp(Y387)
= Exp(a + b × X387 + 2 × s)
= Exp(a + b × 565 + 2 × s)
= Exp(6.3133 + -0.0018 × 565 + 2 × 0.1876)
= Exp(5.6728)
= $290.86
Bottom border of price channel:
Exp(Y387)
= Exp(a + b × X387 – 2 × s)
= Exp(a + b × 565 – 2 × s)
= Exp(6.3133 + -0.0018 × 565 – 2 × 0.1876)
= Exp(4.9225)
= $137.35
July 31, 2024 calculations
Top border of price channel:
Exp(Y1,179)
= Exp(a + b × X1,179 + 2 × s)
= Exp(a + b × 1,715 + 2 × s)
= Exp(6.3133 + -0.0018 × 1,715 + 2 × 0.1876)
= Exp(3.6056)
= $36.80
Bottom border of price channel:
Exp(Y1,179)
= Exp(a + b × X1,179 – 2 × s)
= Exp(a + b × 1,715 – 2 × s)
= Exp(6.3133 + -0.0018 × 1,715 – 2 × 0.1876)
= Exp(2.8553)
= $17.38
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 48.11% per annum.
- OMCL price at the close of November 19, 2024 was $42.41 and was higher than the top border of the primary price channel by $12.26 (40.68%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: February 9, 2024
End date: November 19, 2024
a = -0.2965
b = 0.0023
s = 0.1174
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0023) – 1
= 128.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1174) – 1
= 59.95%
February 9, 2024 calculations
Top border of price channel:
Exp(Y1,061)
= Exp(a + b × X1,061 + 2 × s)
= Exp(a + b × 1,542 + 2 × s)
= Exp(-0.2965 + 0.0023 × 1,542 + 2 × 0.1174)
= Exp(3.4251)
= $30.72
Bottom border of price channel:
Exp(Y1,061)
= Exp(a + b × X1,061 – 2 × s)
= Exp(a + b × 1,542 – 2 × s)
= Exp(-0.2965 + 0.0023 × 1,542 – 2 × 0.1174)
= Exp(2.9554)
= $19.21
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(-0.2965 + 0.0023 × 1,826 + 2 × 0.1174)
= Exp(4.0672)
= $58.40
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-0.2965 + 0.0023 × 1,826 – 2 × 0.1174)
= Exp(3.5976)
= $36.51
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 128.26% per annum.
- OMCL price at the close of November 19, 2024 was inside the secondary price channel.