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 April 1, 2025 was $53.88 and was higher than the top border of the primary price channel by $9.69 (21.93%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 195.71% per annum.
- EQT price at the close of April 1, 2025 was lower than the bottom border of the secondary price channel by $2.87 (5.06%). This indicates a possible reversal in the secondary trend direction.
- 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 = 3.6979
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(Y499)
= Exp(a + b × X499 + 2 × s)
= Exp(a + b × 722 + 2 × s)
= Exp(3.6979 + -0.0001 × 722 + 2 × 0.1116)
= Exp(3.8687)
= $47.88
Bottom border of price channel:
Exp(Y499)
= Exp(a + b × X499 – 2 × s)
= Exp(a + b × 722 – 2 × s)
= Exp(3.6979 + -0.0001 × 722 – 2 × 0.1116)
= Exp(3.4221)
= $30.63
November 8, 2024 calculations
Top border of price channel:
Exp(Y1,159)
= Exp(a + b × X1,159 + 2 × s)
= Exp(a + b × 1,681 + 2 × s)
= Exp(3.6979 + -0.0001 × 1,681 + 2 × 0.1116)
= Exp(3.7989)
= $44.65
Bottom border of price channel:
Exp(Y1,159)
= Exp(a + b × X1,159 – 2 × s)
= Exp(a + b × 1,681 – 2 × s)
= Exp(3.6979 + -0.0001 × 1,681 – 2 × 0.1116)
= Exp(3.3524)
= $28.57
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 2.62% per annum.
- EQT price at the close of April 1, 2025 was $53.88 and was higher than the top border of the primary price channel by $9.69 (21.93%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: August 1, 2024
End date: February 20, 2025
a = -1.2982
b = 0.0030
s = 0.0420
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0030) – 1
= 195.71%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0420) – 1
= 18.32%
August 1, 2024 calculations
Top border of price channel:
Exp(Y1,089)
= Exp(a + b × X1,089 + 2 × s)
= Exp(a + b × 1,582 + 2 × s)
= Exp(-1.2982 + 0.0030 × 1,582 + 2 × 0.0420)
= Exp(3.4851)
= $32.63
Bottom border of price channel:
Exp(Y1,089)
= Exp(a + b × X1,089 – 2 × s)
= Exp(a + b × 1,582 – 2 × s)
= Exp(-1.2982 + 0.0030 × 1,582 – 2 × 0.0420)
= Exp(3.3169)
= $27.58
February 20, 2025 calculations
Top border of price channel:
Exp(Y1,227)
= Exp(a + b × X1,227 + 2 × s)
= Exp(a + b × 1,785 + 2 × s)
= Exp(-1.2982 + 0.0030 × 1,785 + 2 × 0.0420)
= Exp(4.0881)
= $59.63
Bottom border of price channel:
Exp(Y1,227)
= Exp(a + b × X1,227 – 2 × s)
= Exp(a + b × 1,785 – 2 × s)
= Exp(-1.2982 + 0.0030 × 1,785 – 2 × 0.0420)
= Exp(3.9199)
= $50.40
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 195.71% per annum.
- EQT price at the close of April 1, 2025 was lower than the bottom border of the secondary price channel by $2.87 (5.06%). This indicates a possible reversal in the secondary trend direction.