Flowserve Corporation (FLS)
Flowserve Corporation designs, develops, manufactures, distributes and services industrial flow management equipment in the United States, Canada, Mexico, the Middle East, Africa, Asia Pacific and Europe. The company is headquartered in Irving, Texas.
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 39.48% per annum.
- FLS price at the close of March 31, 2025 was $48.84 and was lower than the bottom border of the primary price channel by $6.45 (11.67%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 81.06% per annum.
- FLS price at the close of March 31, 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 FLS 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: August 31, 2022
End date: February 20, 2025
a = 2.4642
b = 0.0009
s = 0.0576
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 39.48%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0576) – 1
= 25.93%
August 31, 2022 calculations
Top border of price channel:
Exp(Y609)
= Exp(a + b × X609 + 2 × s)
= Exp(a + b × 882 + 2 × s)
= Exp(2.4642 + 0.0009 × 882 + 2 × 0.0576)
= Exp(3.3835)
= $29.47
Bottom border of price channel:
Exp(Y609)
= Exp(a + b × X609 – 2 × s)
= Exp(a + b × 882 – 2 × s)
= Exp(2.4642 + 0.0009 × 882 – 2 × 0.0576)
= Exp(3.1530)
= $23.41
February 20, 2025 calculations
Top border of price channel:
Exp(Y1,228)
= Exp(a + b × X1,228 + 2 × s)
= Exp(a + b × 1,786 + 2 × s)
= Exp(2.4642 + 0.0009 × 1,786 + 2 × 0.0576)
= Exp(4.2076)
= $67.19
Bottom border of price channel:
Exp(Y1,228)
= Exp(a + b × X1,228 – 2 × s)
= Exp(a + b × 1,786 – 2 × s)
= Exp(2.4642 + 0.0009 × 1,786 – 2 × 0.0576)
= Exp(3.9771)
= $53.36
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 39.48% per annum.
- FLS price at the close of March 31, 2025 was $48.84 and was lower than the bottom border of the primary price channel by $6.45 (11.67%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 16, 2025
End date: March 31, 2025
a = 12.1746
b = -0.0046
s = 0.0503
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0046) – 1
= -81.06%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0503) – 1
= 22.30%
January 16, 2025 calculations
Top border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 + 2 × s)
= Exp(a + b × 1,751 + 2 × s)
= Exp(12.1746 + -0.0046 × 1,751 + 2 × 0.0503)
= Exp(4.2941)
= $73.27
Bottom border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 – 2 × s)
= Exp(a + b × 1,751 – 2 × s)
= Exp(12.1746 + -0.0046 × 1,751 – 2 × 0.0503)
= Exp(4.0928)
= $59.91
March 31, 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(12.1746 + -0.0046 × 1,825 + 2 × 0.0503)
= Exp(3.9568)
= $52.29
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(12.1746 + -0.0046 × 1,825 – 2 × 0.0503)
= Exp(3.7555)
= $42.76
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 81.06% per annum.
- FLS price at the close of March 31, 2025 was inside the secondary price channel.