Warner Bros Discovery Inc (WBD)
Warner Bros. The company is headquartered in New York, New York.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 6,113.06% per annum.
- WBD price at the close of November 19, 2024 was $9.50 and was lower than the bottom border of the primary price channel by $251,826,999.93 (100.00%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 35.33% per annum.
- WBD price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $0.37 (4.06%). This indicates a possible reversal in the secondary trend direction.
- 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 WBD 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: January 6, 2021
End date: March 23, 2021
a = -1.2105
b = 0.0113
s = 0.0514
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0113) – 1
= 6,113.06%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0514) – 1
= 22.83%
January 6, 2021 calculations
Top border of price channel:
Exp(Y283)
= Exp(a + b × X283 + 2 × s)
= Exp(a + b × 413 + 2 × s)
= Exp(-1.2105 + 0.0113 × 413 + 2 × 0.0514)
= Exp(3.5646)
= $35.33
Bottom border of price channel:
Exp(Y283)
= Exp(a + b × X283 – 2 × s)
= Exp(a + b × 413 – 2 × s)
= Exp(-1.2105 + 0.0113 × 413 – 2 × 0.0514)
= Exp(3.3590)
= $28.76
March 23, 2021 calculations
Top border of price channel:
Exp(Y335)
= Exp(a + b × X335 + 2 × s)
= Exp(a + b × 489 + 2 × s)
= Exp(-1.2105 + 0.0113 × 489 + 2 × 0.0514)
= Exp(4.4244)
= $83.46
Bottom border of price channel:
Exp(Y335)
= Exp(a + b × X335 – 2 × s)
= Exp(a + b × 489 – 2 × s)
= Exp(-1.2105 + 0.0113 × 489 – 2 × 0.0514)
= Exp(4.2188)
= $67.95
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 6,113.06% per annum.
- WBD price at the close of November 19, 2024 was $9.50 and was lower than the bottom border of the primary price channel by $251,826,999.93 (100.00%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 26, 2021
End date: November 6, 2024
a = 4.0641
b = -0.0012
s = 0.1641
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -35.33%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1641) – 1
= 92.78%
March 26, 2021 calculations
Top border of price channel:
Exp(Y338)
= Exp(a + b × X338 + 2 × s)
= Exp(a + b × 492 + 2 × s)
= Exp(4.0641 + -0.0012 × 492 + 2 × 0.1641)
= Exp(3.8047)
= $44.91
Bottom border of price channel:
Exp(Y338)
= Exp(a + b × X338 – 2 × s)
= Exp(a + b × 492 – 2 × s)
= Exp(4.0641 + -0.0012 × 492 – 2 × 0.1641)
= Exp(3.1483)
= $23.30
November 6, 2024 calculations
Top border of price channel:
Exp(Y1,246)
= Exp(a + b × X1,246 + 2 × s)
= Exp(a + b × 1,813 + 2 × s)
= Exp(4.0641 + -0.0012 × 1,813 + 2 × 0.1641)
= Exp(2.2270)
= $9.27
Bottom border of price channel:
Exp(Y1,246)
= Exp(a + b × X1,246 – 2 × s)
= Exp(a + b × 1,813 – 2 × s)
= Exp(4.0641 + -0.0012 × 1,813 – 2 × 0.1641)
= Exp(1.5706)
= $4.81
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 35.33% per annum.
- WBD price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $0.37 (4.06%). This indicates a possible reversal in the secondary trend direction.