DT Midstream Inc (DTM)
None
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 93.03% per annum.
- DTM price at the close of November 20, 2024 was $102.73 and was higher than the top border of the primary price channel by $8.42 (8.93%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 387.18% per annum.
- DTM price at the close of November 20, 2024 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 DTM 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 5, 2024
End date: November 5, 2024
a = 2.2633
b = 0.0018
s = 0.0263
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0018) – 1
= 93.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0263) – 1
= 11.08%
January 5, 2024 calculations
Top border of price channel:
Exp(Y632)
= Exp(a + b × X632 + 2 × s)
= Exp(a + b × 918 + 2 × s)
= Exp(2.2633 + 0.0018 × 918 + 2 × 0.0263)
= Exp(3.9700)
= $52.98
Bottom border of price channel:
Exp(Y632)
= Exp(a + b × X632 – 2 × s)
= Exp(a + b × 918 – 2 × s)
= Exp(2.2633 + 0.0018 × 918 – 2 × 0.0263)
= Exp(3.8649)
= $47.70
November 5, 2024 calculations
Top border of price channel:
Exp(Y842)
= Exp(a + b × X842 + 2 × s)
= Exp(a + b × 1,223 + 2 × s)
= Exp(2.2633 + 0.0018 × 1,223 + 2 × 0.0263)
= Exp(4.5195)
= $91.79
Bottom border of price channel:
Exp(Y842)
= Exp(a + b × X842 – 2 × s)
= Exp(a + b × 1,223 – 2 × s)
= Exp(2.2633 + 0.0018 × 1,223 – 2 × 0.0263)
= Exp(4.4145)
= $82.64
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 93.03% per annum.
- DTM price at the close of November 20, 2024 was $102.73 and was higher than the top border of the primary price channel by $8.42 (8.93%).
Secondary Trend
Start date: September 6, 2024
End date: November 20, 2024
a = -0.7594
b = 0.0043
s = 0.0194
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0043) – 1
= 387.18%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0194) – 1
= 8.09%
September 6, 2024 calculations
Top border of price channel:
Exp(Y800)
= Exp(a + b × X800 + 2 × s)
= Exp(a + b × 1,163 + 2 × s)
= Exp(-0.7594 + 0.0043 × 1,163 + 2 × 0.0194)
= Exp(4.3249)
= $75.56
Bottom border of price channel:
Exp(Y800)
= Exp(a + b × X800 – 2 × s)
= Exp(a + b × 1,163 – 2 × s)
= Exp(-0.7594 + 0.0043 × 1,163 – 2 × 0.0194)
= Exp(4.2472)
= $69.91
November 20, 2024 calculations
Top border of price channel:
Exp(Y853)
= Exp(a + b × X853 + 2 × s)
= Exp(a + b × 1,238 + 2 × s)
= Exp(-0.7594 + 0.0043 × 1,238 + 2 × 0.0194)
= Exp(4.6503)
= $104.61
Bottom border of price channel:
Exp(Y853)
= Exp(a + b × X853 – 2 × s)
= Exp(a + b × 1,238 – 2 × s)
= Exp(-0.7594 + 0.0043 × 1,238 – 2 × 0.0194)
= Exp(4.5725)
= $96.79
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 387.18% per annum.
- DTM price at the close of November 20, 2024 was inside the secondary price channel.