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.