Dupont De Nemours Inc (DD)
DuPont de Nemours, Inc., commonly known as DuPont, is an American company formed by the merger of Dow Chemical and E. I. du Pont de Nemours and Company on August 31, 2017, and the subsequent spinoffs of Dow Inc. and Corteva. Prior to the spinoffs it was the world's largest chemical company in terms of sales.
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 17.42% per annum.
- DD price at the close of March 31, 2025 was $74.68 and was lower than the bottom border of the primary price channel by $2.09 (2.73%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 9.48% per annum.
- DD price at the close of March 31, 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 DD 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: June 10, 2022
End date: December 13, 2024
a = 3.6813
b = 0.0004
s = 0.0717
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 17.42%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0717) – 1
= 33.22%
June 10, 2022 calculations
Top border of price channel:
Exp(Y553)
= Exp(a + b × X553 + 2 × s)
= Exp(a + b × 800 + 2 × s)
= Exp(3.6813 + 0.0004 × 800 + 2 × 0.0717)
= Exp(4.1767)
= $65.15
Bottom border of price channel:
Exp(Y553)
= Exp(a + b × X553 – 2 × s)
= Exp(a + b × 800 – 2 × s)
= Exp(3.6813 + 0.0004 × 800 – 2 × 0.0717)
= Exp(3.8899)
= $48.90
December 13, 2024 calculations
Top border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 + 2 × s)
= Exp(a + b × 1,717 + 2 × s)
= Exp(3.6813 + 0.0004 × 1,717 + 2 × 0.0717)
= Exp(4.5802)
= $97.53
Bottom border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 – 2 × s)
= Exp(a + b × 1,717 – 2 × s)
= Exp(3.6813 + 0.0004 × 1,717 – 2 × 0.0717)
= Exp(4.2933)
= $73.21
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 17.42% per annum.
- DD price at the close of March 31, 2025 was $74.68 and was lower than the bottom border of the primary price channel by $2.09 (2.73%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: November 8, 2022
End date: March 31, 2025
a = 3.9485
b = 0.0002
s = 0.0533
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 9.48%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0533) – 1
= 23.76%
November 8, 2022 calculations
Top border of price channel:
Exp(Y657)
= Exp(a + b × X657 + 2 × s)
= Exp(a + b × 951 + 2 × s)
= Exp(3.9485 + 0.0002 × 951 + 2 × 0.0533)
= Exp(4.2909)
= $73.03
Bottom border of price channel:
Exp(Y657)
= Exp(a + b × X657 – 2 × s)
= Exp(a + b × 951 – 2 × s)
= Exp(3.9485 + 0.0002 × 951 – 2 × 0.0533)
= Exp(4.0778)
= $59.01
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.9485 + 0.0002 × 1,825 + 2 × 0.0533)
= Exp(4.5077)
= $90.71
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.9485 + 0.0002 × 1,825 – 2 × 0.0533)
= Exp(4.2946)
= $73.30
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 9.48% per annum.
- DD price at the close of March 31, 2025 was inside the secondary price channel.