Dow Inc (DOW)
Dow Inc. is an American commodity chemical company. The company is headquartered in Midland, Michigan.
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 37.31% per annum.
- DOW price at the close of April 2, 2025 was $34.89 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 52.64% per annum.
- DOW price at the close of April 2, 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 DOW 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 27, 2024
End date: April 2, 2025
a = 5.9379
b = -0.0013
s = 0.0520
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0013) – 1
= -37.31%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0520) – 1
= 23.11%
March 27, 2024 calculations
Top border of price channel:
Exp(Y1,001)
= Exp(a + b × X1,001 + 2 × s)
= Exp(a + b × 1,454 + 2 × s)
= Exp(5.9379 + -0.0013 × 1,454 + 2 × 0.0520)
= Exp(4.1817)
= $65.48
Bottom border of price channel:
Exp(Y1,001)
= Exp(a + b × X1,001 – 2 × s)
= Exp(a + b × 1,454 – 2 × s)
= Exp(5.9379 + -0.0013 × 1,454 – 2 × 0.0520)
= Exp(3.9738)
= $53.19
April 2, 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(5.9379 + -0.0013 × 1,825 + 2 × 0.0520)
= Exp(3.7071)
= $40.74
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.9379 + -0.0013 × 1,825 – 2 × 0.0520)
= Exp(3.4992)
= $33.09
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 37.31% per annum.
- DOW price at the close of April 2, 2025 was $34.89 and was inside the primary price channel.
Secondary Trend
Start date: September 17, 2024
End date: April 2, 2025
a = 7.2718
b = -0.0020
s = 0.0432
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0020) – 1
= -52.64%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0432) – 1
= 18.84%
September 17, 2024 calculations
Top border of price channel:
Exp(Y1,120)
= Exp(a + b × X1,120 + 2 × s)
= Exp(a + b × 1,628 + 2 × s)
= Exp(7.2718 + -0.0020 × 1,628 + 2 × 0.0432)
= Exp(4.0242)
= $55.94
Bottom border of price channel:
Exp(Y1,120)
= Exp(a + b × X1,120 – 2 × s)
= Exp(a + b × 1,628 – 2 × s)
= Exp(7.2718 + -0.0020 × 1,628 – 2 × 0.0432)
= Exp(3.8516)
= $47.07
April 2, 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(7.2718 + -0.0020 × 1,825 + 2 × 0.0432)
= Exp(3.6208)
= $37.37
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(7.2718 + -0.0020 × 1,825 – 2 × 0.0432)
= Exp(3.4482)
= $31.44
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 52.64% per annum.
- DOW price at the close of April 2, 2025 was inside the secondary price channel.