Varex Imaging Corp (VREX)
Varex Imaging Corporation designs and manufactures X-ray imaging components. The company is headquartered in Salt Lake City, Utah.
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 36.72% per annum.
- VREX price at the close of November 19, 2024 was $14.56 and was higher than the top border of the primary price channel by $0.51 (3.64%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,175.20% per annum.
- VREX 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 VREX 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: May 5, 2023
End date: November 4, 2024
a = 4.7719
b = -0.0013
s = 0.0799
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0013) – 1
= -36.72%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0799) – 1
= 37.68%
May 5, 2023 calculations
Top border of price channel:
Exp(Y869)
= Exp(a + b × X869 + 2 × s)
= Exp(a + b × 1,262 + 2 × s)
= Exp(4.7719 + -0.0013 × 1,262 + 2 × 0.0799)
= Exp(3.3496)
= $28.49
Bottom border of price channel:
Exp(Y869)
= Exp(a + b × X869 – 2 × s)
= Exp(a + b × 1,262 – 2 × s)
= Exp(4.7719 + -0.0013 × 1,262 – 2 × 0.0799)
= Exp(3.0298)
= $20.69
November 4, 2024 calculations
Top border of price channel:
Exp(Y1,246)
= Exp(a + b × X1,246 + 2 × s)
= Exp(a + b × 1,811 + 2 × s)
= Exp(4.7719 + -0.0013 × 1,811 + 2 × 0.0799)
= Exp(2.6613)
= $14.31
Bottom border of price channel:
Exp(Y1,246)
= Exp(a + b × X1,246 – 2 × s)
= Exp(a + b × 1,811 – 2 × s)
= Exp(4.7719 + -0.0013 × 1,811 – 2 × 0.0799)
= Exp(2.3415)
= $10.40
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 36.72% per annum.
- VREX price at the close of November 19, 2024 was $14.56 and was higher than the top border of the primary price channel by $0.51 (3.64%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: October 3, 2024
End date: November 12, 2024
a = -10.0120
b = 0.0070
s = 0.0226
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0070) – 1
= 1,175.20%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0226) – 1
= 9.45%
October 3, 2024 calculations
Top border of price channel:
Exp(Y1,224)
= Exp(a + b × X1,224 + 2 × s)
= Exp(a + b × 1,779 + 2 × s)
= Exp(-10.0120 + 0.0070 × 1,779 + 2 × 0.0226)
= Exp(2.4407)
= $11.48
Bottom border of price channel:
Exp(Y1,224)
= Exp(a + b × X1,224 – 2 × s)
= Exp(a + b × 1,779 – 2 × s)
= Exp(-10.0120 + 0.0070 × 1,779 – 2 × 0.0226)
= Exp(2.3505)
= $10.49
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(-10.0120 + 0.0070 × 1,819 + 2 × 0.0226)
= Exp(2.7197)
= $15.18
Bottom border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 – 2 × s)
= Exp(a + b × 1,819 – 2 × s)
= Exp(-10.0120 + 0.0070 × 1,819 – 2 × 0.0226)
= Exp(2.6295)
= $13.87
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,175.20% per annum.
- VREX price at the close of November 19, 2024 was inside the secondary price channel.