ePlus inc (PLUS)
ePlus inc. The company is headquartered in Herndon, Virginia.
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 46.39% per annum.
- PLUS price at the close of November 19, 2024 was $79.53 and was lower than the bottom border of the primary price channel by $3.59 (4.32%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 60.10% per annum.
- PLUS 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 PLUS 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: September 2, 2022
End date: November 12, 2024
a = 2.6719
b = 0.0010
s = 0.0791
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 46.39%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0791) – 1
= 37.22%
September 2, 2022 calculations
Top border of price channel:
Exp(Y701)
= Exp(a + b × X701 + 2 × s)
= Exp(a + b × 1,017 + 2 × s)
= Exp(2.6719 + 0.0010 × 1,017 + 2 × 0.0791)
= Exp(3.8920)
= $49.01
Bottom border of price channel:
Exp(Y701)
= Exp(a + b × X701 – 2 × s)
= Exp(a + b × 1,017 – 2 × s)
= Exp(2.6719 + 0.0010 × 1,017 – 2 × 0.0791)
= Exp(3.5756)
= $35.72
November 12, 2024 calculations
Top border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 + 2 × s)
= Exp(a + b × 1,819 + 2 × s)
= Exp(2.6719 + 0.0010 × 1,819 + 2 × 0.0791)
= Exp(4.7294)
= $113.22
Bottom border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 – 2 × s)
= Exp(a + b × 1,819 – 2 × s)
= Exp(2.6719 + 0.0010 × 1,819 – 2 × 0.0791)
= Exp(4.4130)
= $82.51
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 46.39% per annum.
- PLUS price at the close of November 19, 2024 was $79.53 and was lower than the bottom border of the primary price channel by $3.59 (4.32%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 19, 2024
End date: November 19, 2024
a = 9.0728
b = -0.0025
s = 0.0550
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0025) – 1
= -60.10%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0550) – 1
= 24.62%
September 19, 2024 calculations
Top border of price channel:
Exp(Y1,214)
= Exp(a + b × X1,214 + 2 × s)
= Exp(a + b × 1,765 + 2 × s)
= Exp(9.0728 + -0.0025 × 1,765 + 2 × 0.0550)
= Exp(4.7397)
= $114.40
Bottom border of price channel:
Exp(Y1,214)
= Exp(a + b × X1,214 – 2 × s)
= Exp(a + b × 1,765 – 2 × s)
= Exp(9.0728 + -0.0025 × 1,765 – 2 × 0.0550)
= Exp(4.5196)
= $91.80
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(9.0728 + -0.0025 × 1,826 + 2 × 0.0550)
= Exp(4.5861)
= $98.11
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(9.0728 + -0.0025 × 1,826 – 2 × 0.0550)
= Exp(4.3660)
= $78.73
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 60.10% per annum.
- PLUS price at the close of November 19, 2024 was inside the secondary price channel.