Ingersoll Rand Inc (IR)
Ingersoll Rand Inc., founded in 1859, is an American worldwide provider of industrial equipment, technologies and related parts and services to a broad and diverse customer base through a family of brands.
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 42.34% per annum.
- IR price at the close of March 5, 2025 was $84.43 and was lower than the bottom border of the primary price channel by $17.51 (17.18%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 2.52% per annum.
- IR price at the close of March 5, 2025 was lower than the bottom border of the secondary price channel by $0.64 (0.75%). This indicates a possible reversal in the secondary trend direction.
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 IR 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: April 22, 2022
End date: December 16, 2024
a = 2.9828
b = 0.0010
s = 0.0618
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 42.34%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0618) – 1
= 28.02%
April 22, 2022 calculations
Top border of price channel:
Exp(Y537)
= Exp(a + b × X537 + 2 × s)
= Exp(a + b × 777 + 2 × s)
= Exp(2.9828 + 0.0010 × 777 + 2 × 0.0618)
= Exp(3.8578)
= $47.36
Bottom border of price channel:
Exp(Y537)
= Exp(a + b × X537 – 2 × s)
= Exp(a + b × 777 – 2 × s)
= Exp(2.9828 + 0.0010 × 777 – 2 × 0.0618)
= Exp(3.6108)
= $37.00
December 16, 2024 calculations
Top border of price channel:
Exp(Y1,203)
= Exp(a + b × X1,203 + 2 × s)
= Exp(a + b × 1,746 + 2 × s)
= Exp(2.9828 + 0.0010 × 1,746 + 2 × 0.0618)
= Exp(4.7951)
= $120.91
Bottom border of price channel:
Exp(Y1,203)
= Exp(a + b × X1,203 – 2 × s)
= Exp(a + b × 1,746 – 2 × s)
= Exp(2.9828 + 0.0010 × 1,746 – 2 × 0.0618)
= Exp(4.5480)
= $94.44
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 42.34% per annum.
- IR price at the close of March 5, 2025 was $84.43 and was lower than the bottom border of the primary price channel by $17.51 (17.18%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: February 14, 2024
End date: March 5, 2025
a = 4.4248
b = 0.0001
s = 0.0530
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 2.52%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0530) – 1
= 23.60%
February 14, 2024 calculations
Top border of price channel:
Exp(Y992)
= Exp(a + b × X992 + 2 × s)
= Exp(a + b × 1,440 + 2 × s)
= Exp(4.4248 + 0.0001 × 1,440 + 2 × 0.0530)
= Exp(4.6290)
= $102.42
Bottom border of price channel:
Exp(Y992)
= Exp(a + b × X992 – 2 × s)
= Exp(a + b × 1,440 – 2 × s)
= Exp(4.4248 + 0.0001 × 1,440 – 2 × 0.0530)
= Exp(4.4172)
= $82.86
March 5, 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(4.4248 + 0.0001 × 1,825 + 2 × 0.0530)
= Exp(4.6553)
= $105.14
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.4248 + 0.0001 × 1,825 – 2 × 0.0530)
= Exp(4.4435)
= $85.07
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 2.52% per annum.
- IR price at the close of March 5, 2025 was lower than the bottom border of the secondary price channel by $0.64 (0.75%). This indicates a possible reversal in the secondary trend direction.