Stock Price Trends

Titan International Inc (TWI)

Titan International, Inc. manufactures and sells wheels, tires, and undercarriage systems and components for off-road vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally. . The company is headquartered in Quincy, Illinois.

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 23.13% per annum.
  • TWI price at the close of July 8, 2025 was $10.41 and was higher than the top border of the primary price channel by $0.65 (6.61%). This indicates a possible reversal in the primary trend direction.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 1,281.92% per annum.
  • TWI price at the close of July 8, 2025 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 TWI 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 16, 2022
End date: June 6, 2025

a = 3.2741

b = -0.0007

s = 0.1601

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -23.13%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.1601) – 1
= 89.73%

March 16, 2022 calculations

Top border of price channel:

Exp(Y425)
= Exp(a + b × X425 + 2 × s)
= Exp(a + b × 615 + 2 × s)
= Exp(3.2741 + -0.0007 × 615 + 2 × 0.1601)
= Exp(3.1510)
= $23.36

Bottom border of price channel:

Exp(Y425)
= Exp(a + b × X425 – 2 × s)
= Exp(a + b × 615 – 2 × s)
= Exp(3.2741 + -0.0007 × 615 – 2 × 0.1601)
= Exp(2.5105)
= $12.31

June 6, 2025 calculations

Top border of price channel:

Exp(Y1,234)
= Exp(a + b × X1,234 + 2 × s)
= Exp(a + b × 1,793 + 2 × s)
= Exp(3.2741 + -0.0007 × 1,793 + 2 × 0.1601)
= Exp(2.3018)
= $9.99

Bottom border of price channel:

Exp(Y1,234)
= Exp(a + b × X1,234 – 2 × s)
= Exp(a + b × 1,793 – 2 × s)
= Exp(3.2741 + -0.0007 × 1,793 – 2 × 0.1601)
= Exp(1.6613)
= $5.27

Description

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 23.13% per annum.
  • TWI price at the close of July 8, 2025 was $10.41 and was higher than the top border of the primary price channel by $0.65 (6.61%). This indicates a possible reversal in the primary trend direction.

Secondary Trend

Start date: May 1, 2025
End date: July 8, 2025

a = -10.7753

b = 0.0072

s = 0.0584

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0072) – 1
= 1,281.92%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0584) – 1
= 26.30%

May 1, 2025 calculations

Top border of price channel:

Exp(Y1,209)
= Exp(a + b × X1,209 + 2 × s)
= Exp(a + b × 1,757 + 2 × s)
= Exp(-10.7753 + 0.0072 × 1,757 + 2 × 0.0584)
= Exp(1.9825)
= $7.26

Bottom border of price channel:

Exp(Y1,209)
= Exp(a + b × X1,209 – 2 × s)
= Exp(a + b × 1,757 – 2 × s)
= Exp(-10.7753 + 0.0072 × 1,757 – 2 × 0.0584)
= Exp(1.7490)
= $5.75

July 8, 2025 calculations

Top border of price channel:

Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(-10.7753 + 0.0072 × 1,825 + 2 × 0.0584)
= Exp(2.4718)
= $11.84

Bottom border of price channel:

Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-10.7753 + 0.0072 × 1,825 – 2 × 0.0584)
= Exp(2.2383)
= $9.38

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 1,281.92% per annum.
  • TWI price at the close of July 8, 2025 was inside the secondary price channel.

See Also

Symbol

Company name

LNN
Lindsay Corporation