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 23.02% per annum.
  • TWI price at the close of April 24, 2025 was $7.58 and was inside the primary price channel.
  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 38.26% per annum.
  • TWI price at the close of April 24, 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 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 15, 2022
End date: April 24, 2025

a = 3.3217

b = -0.0007

s = 0.1629

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -23.02%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.1629) – 1
= 91.88%

March 15, 2022 calculations

Top border of price channel:

Exp(Y475)
= Exp(a + b × X475 + 2 × s)
= Exp(a + b × 687 + 2 × s)
= Exp(3.3217 + -0.0007 × 687 + 2 × 0.1629)
= Exp(3.1551)
= $23.46

Bottom border of price channel:

Exp(Y475)
= Exp(a + b × X475 – 2 × s)
= Exp(a + b × 687 – 2 × s)
= Exp(3.3217 + -0.0007 × 687 – 2 × 0.1629)
= Exp(2.5035)
= $12.22

April 24, 2025 calculations

Top border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(3.3217 + -0.0007 × 1,823 + 2 × 0.1629)
= Exp(2.3410)
= $10.39

Bottom border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(3.3217 + -0.0007 × 1,823 – 2 × 0.1629)
= Exp(1.6893)
= $5.42

Description

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 23.02% per annum.
  • TWI price at the close of April 24, 2025 was $7.58 and was inside the primary price channel.

Secondary Trend

Start date: September 20, 2023
End date: April 24, 2025

a = 4.2766

b = -0.0013

s = 0.1581

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0013) – 1
= -38.26%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.1581) – 1
= 88.20%

September 20, 2023 calculations

Top border of price channel:

Exp(Y856)
= Exp(a + b × X856 + 2 × s)
= Exp(a + b × 1,241 + 2 × s)
= Exp(4.2766 + -0.0013 × 1,241 + 2 × 0.1581)
= Exp(2.9533)
= $19.17

Bottom border of price channel:

Exp(Y856)
= Exp(a + b × X856 – 2 × s)
= Exp(a + b × 1,241 – 2 × s)
= Exp(4.2766 + -0.0013 × 1,241 – 2 × 0.1581)
= Exp(2.3209)
= $10.18

April 24, 2025 calculations

Top border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(4.2766 + -0.0013 × 1,823 + 2 × 0.1581)
= Exp(2.1844)
= $8.89

Bottom border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(4.2766 + -0.0013 × 1,823 – 2 × 0.1581)
= Exp(1.5520)
= $4.72

Description

  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 38.26% per annum.
  • TWI price at the close of April 24, 2025 was inside the secondary price channel.

See Also

Symbol

Company name

LNN
Lindsay Corporation