HF Sinclair Corp (DINO)
HF Sinclair Corporation is an independent energy company. The company is headquartered in Dallas, Texas.
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 42.27% per annum.
- DINO price at the close of November 20, 2024 was $42.33 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 490.15% per annum.
- DINO price at the close of November 20, 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 DINO 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 13, 2024
End date: November 20, 2024
a = 6.4685
b = -0.0015
s = 0.0322
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0015) – 1
= -42.27%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0322) – 1
= 13.73%
March 13, 2024 calculations
Top border of price channel:
Exp(Y1,082)
= Exp(a + b × X1,082 + 2 × s)
= Exp(a + b × 1,574 + 2 × s)
= Exp(6.4685 + -0.0015 × 1,574 + 2 × 0.0322)
= Exp(4.1637)
= $64.31
Bottom border of price channel:
Exp(Y1,082)
= Exp(a + b × X1,082 – 2 × s)
= Exp(a + b × 1,574 – 2 × s)
= Exp(6.4685 + -0.0015 × 1,574 – 2 × 0.0322)
= Exp(4.0350)
= $56.54
November 20, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(6.4685 + -0.0015 × 1,826 + 2 × 0.0322)
= Exp(3.7844)
= $44.01
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(6.4685 + -0.0015 × 1,826 – 2 × 0.0322)
= Exp(3.6557)
= $38.70
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 42.27% per annum.
- DINO price at the close of November 20, 2024 was $42.33 and was inside the primary price channel.
Secondary Trend
Start date: October 31, 2024
End date: November 20, 2024
a = -5.1103
b = 0.0049
s = 0.0218
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0049) – 1
= 490.15%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0218) – 1
= 9.10%
October 31, 2024 calculations
Top border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 + 2 × s)
= Exp(a + b × 1,806 + 2 × s)
= Exp(-5.1103 + 0.0049 × 1,806 + 2 × 0.0218)
= Exp(3.7169)
= $41.14
Bottom border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 – 2 × s)
= Exp(a + b × 1,806 – 2 × s)
= Exp(-5.1103 + 0.0049 × 1,806 – 2 × 0.0218)
= Exp(3.6298)
= $37.70
November 20, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(-5.1103 + 0.0049 × 1,826 + 2 × 0.0218)
= Exp(3.8142)
= $45.34
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-5.1103 + 0.0049 × 1,826 – 2 × 0.0218)
= Exp(3.7270)
= $41.56
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 490.15% per annum.
- DINO price at the close of November 20, 2024 was inside the secondary price channel.