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 64.28% per annum.
- DTM price at the close of April 2, 2025 was $99.50 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 18.67% per annum.
- DTM price at the close of April 2, 2025 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 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: May 2, 2023
End date: April 2, 2025
a = 2.7735
b = 0.0014
s = 0.0739
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 64.28%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0739) – 1
= 34.40%
May 2, 2023 calculations
Top border of price channel:
Exp(Y461)
= Exp(a + b × X461 + 2 × s)
= Exp(a + b × 670 + 2 × s)
= Exp(2.7735 + 0.0014 × 670 + 2 × 0.0739)
= Exp(3.8325)
= $46.18
Bottom border of price channel:
Exp(Y461)
= Exp(a + b × X461 – 2 × s)
= Exp(a + b × 670 – 2 × s)
= Exp(2.7735 + 0.0014 × 670 – 2 × 0.0739)
= Exp(3.5369)
= $34.36
April 2, 2025 calculations
Top border of price channel:
Exp(Y942)
= Exp(a + b × X942 + 2 × s)
= Exp(a + b × 1,371 + 2 × s)
= Exp(2.7735 + 0.0014 × 1,371 + 2 × 0.0739)
= Exp(4.7859)
= $119.81
Bottom border of price channel:
Exp(Y942)
= Exp(a + b × X942 – 2 × s)
= Exp(a + b × 1,371 – 2 × s)
= Exp(2.7735 + 0.0014 × 1,371 – 2 × 0.0739)
= Exp(4.4903)
= $89.14
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 64.28% per annum.
- DTM price at the close of April 2, 2025 was $99.50 and was inside the primary price channel.
Secondary Trend
Start date: November 15, 2024
End date: April 2, 2025
a = 5.3395
b = -0.0006
s = 0.0452
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -18.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0452) – 1
= 19.83%
November 15, 2024 calculations
Top border of price channel:
Exp(Y850)
= Exp(a + b × X850 + 2 × s)
= Exp(a + b × 1,233 + 2 × s)
= Exp(5.3395 + -0.0006 × 1,233 + 2 × 0.0452)
= Exp(4.7319)
= $113.52
Bottom border of price channel:
Exp(Y850)
= Exp(a + b × X850 – 2 × s)
= Exp(a + b × 1,233 – 2 × s)
= Exp(5.3395 + -0.0006 × 1,233 – 2 × 0.0452)
= Exp(4.5510)
= $94.73
April 2, 2025 calculations
Top border of price channel:
Exp(Y942)
= Exp(a + b × X942 + 2 × s)
= Exp(a + b × 1,371 + 2 × s)
= Exp(5.3395 + -0.0006 × 1,371 + 2 × 0.0452)
= Exp(4.6538)
= $104.98
Bottom border of price channel:
Exp(Y942)
= Exp(a + b × X942 – 2 × s)
= Exp(a + b × 1,371 – 2 × s)
= Exp(5.3395 + -0.0006 × 1,371 – 2 × 0.0452)
= Exp(4.4729)
= $87.61
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 18.67% per annum.
- DTM price at the close of April 2, 2025 was inside the secondary price channel.