EQT Corporation (EQT)
EQT Corporation is a natural gas production company in the United States. The company is headquartered in Pittsburgh, Pennsylvania.
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 2.62% per annum.
- EQT price at the close of November 22, 2024 was $45.92 and was higher than the top border of the primary price channel by $1.18 (2.64%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 203.23% per annum.
- EQT price at the close of November 22, 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 EQT 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 25, 2022
End date: November 8, 2024
a = 3.7102
b = -0.0001
s = 0.1116
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -2.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1116) – 1
= 56.29%
March 25, 2022 calculations
Top border of price channel:
Exp(Y587)
= Exp(a + b × X587 + 2 × s)
= Exp(a + b × 851 + 2 × s)
= Exp(3.7102 + -0.0001 × 851 + 2 × 0.1116)
= Exp(3.8716)
= $48.02
Bottom border of price channel:
Exp(Y587)
= Exp(a + b × X587 – 2 × s)
= Exp(a + b × 851 – 2 × s)
= Exp(3.7102 + -0.0001 × 851 – 2 × 0.1116)
= Exp(3.4250)
= $30.72
November 8, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,810 + 2 × s)
= Exp(3.7102 + -0.0001 × 1,810 + 2 × 0.1116)
= Exp(3.8019)
= $44.78
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,810 – 2 × s)
= Exp(3.7102 + -0.0001 × 1,810 – 2 × 0.1116)
= Exp(3.3553)
= $28.66
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 2.62% per annum.
- EQT price at the close of November 22, 2024 was $45.92 and was higher than the top border of the primary price channel by $1.18 (2.64%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: August 2, 2024
End date: November 22, 2024
a = -1.8026
b = 0.0030
s = 0.0432
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0030) – 1
= 203.23%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0432) – 1
= 18.87%
August 2, 2024 calculations
Top border of price channel:
Exp(Y1,178)
= Exp(a + b × X1,178 + 2 × s)
= Exp(a + b × 1,712 + 2 × s)
= Exp(-1.8026 + 0.0030 × 1,712 + 2 × 0.0432)
= Exp(3.4869)
= $32.69
Bottom border of price channel:
Exp(Y1,178)
= Exp(a + b × X1,178 – 2 × s)
= Exp(a + b × 1,712 – 2 × s)
= Exp(-1.8026 + 0.0030 × 1,712 – 2 × 0.0432)
= Exp(3.3141)
= $27.50
November 22, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-1.8026 + 0.0030 × 1,824 + 2 × 0.0432)
= Exp(3.8273)
= $45.94
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-1.8026 + 0.0030 × 1,824 – 2 × 0.0432)
= Exp(3.6545)
= $38.65
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 203.23% per annum.
- EQT price at the close of November 22, 2024 was inside the secondary price channel.