Silgan Holdings Inc (SLGN)
Silgan Holdings Inc., manufactures and sells rigid packaging for consumer products in North America, Europe and internationally. The company is headquartered in Stamford, Connecticut.
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 10.19% per annum.
- SLGN price at the close of November 20, 2024 was $54.77 and was higher than the top border of the primary price channel by $25.99 (90.32%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 5.84% per annum.
- SLGN price at the close of November 20, 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 SLGN 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 5, 2021
End date: November 1, 2021
a = 3.8485
b = -0.0003
s = 0.0243
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -10.19%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0243) – 1
= 10.21%
March 5, 2021 calculations
Top border of price channel:
Exp(Y322)
= Exp(a + b × X322 + 2 × s)
= Exp(a + b × 470 + 2 × s)
= Exp(3.8485 + -0.0003 × 470 + 2 × 0.0243)
= Exp(3.7587)
= $42.89
Bottom border of price channel:
Exp(Y322)
= Exp(a + b × X322 – 2 × s)
= Exp(a + b × 470 – 2 × s)
= Exp(3.8485 + -0.0003 × 470 – 2 × 0.0243)
= Exp(3.6615)
= $38.92
November 1, 2021 calculations
Top border of price channel:
Exp(Y489)
= Exp(a + b × X489 + 2 × s)
= Exp(a + b × 711 + 2 × s)
= Exp(3.8485 + -0.0003 × 711 + 2 × 0.0243)
= Exp(3.6878)
= $39.96
Bottom border of price channel:
Exp(Y489)
= Exp(a + b × X489 – 2 × s)
= Exp(a + b × 711 – 2 × s)
= Exp(3.8485 + -0.0003 × 711 – 2 × 0.0243)
= Exp(3.5906)
= $36.25
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 10.19% per annum.
- SLGN price at the close of November 20, 2024 was $54.77 and was higher than the top border of the primary price channel by $25.99 (90.32%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 5, 2021
End date: November 20, 2024
a = 3.6058
b = 0.0002
s = 0.0750
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 5.84%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0750) – 1
= 35.01%
March 5, 2021 calculations
Top border of price channel:
Exp(Y322)
= Exp(a + b × X322 + 2 × s)
= Exp(a + b × 470 + 2 × s)
= Exp(3.6058 + 0.0002 × 470 + 2 × 0.0750)
= Exp(3.8290)
= $46.02
Bottom border of price channel:
Exp(Y322)
= Exp(a + b × X322 – 2 × s)
= Exp(a + b × 470 – 2 × s)
= Exp(3.6058 + 0.0002 × 470 – 2 × 0.0750)
= Exp(3.5289)
= $34.08
November 20, 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(3.6058 + 0.0002 × 1,826 + 2 × 0.0750)
= Exp(4.0399)
= $56.82
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.6058 + 0.0002 × 1,826 – 2 × 0.0750)
= Exp(3.7397)
= $42.09
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 5.84% per annum.
- SLGN price at the close of November 20, 2024 was inside the secondary price channel.