Stock Price Trends

Loews Corp (L)

Loews Corporation is an American conglomerate headquartered in New York City. The company's majority-stake holdings include CNA Financial Corporation, Diamond Offshore Drilling, Boardwalk Pipeline Partners, Loews Hotels and Altium Packaging.

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 36.04% per annum.
  • L price at the close of April 1, 2025 was $92.09 and was lower than the bottom border of the primary price channel by $6.19 (6.30%). This indicates a possible reversal in the primary trend direction.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 17.69% per annum.
  • L price at the close of April 1, 2025 was higher than the top border of the secondary price channel by $0.86 (0.94%).

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 L 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 9, 2023
End date: May 17, 2024

a = 3.0900

b = 0.0008

s = 0.0205

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 36.04%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0205) – 1
= 8.56%

March 9, 2023 calculations

Top border of price channel:

Exp(Y738)
= Exp(a + b × X738 + 2 × s)
= Exp(a + b × 1,071 + 2 × s)
= Exp(3.0900 + 0.0008 × 1,071 + 2 × 0.0205)
= Exp(4.0342)
= $56.50

Bottom border of price channel:

Exp(Y738)
= Exp(a + b × X738 – 2 × s)
= Exp(a + b × 1,071 – 2 × s)
= Exp(3.0900 + 0.0008 × 1,071 – 2 × 0.0205)
= Exp(3.9520)
= $52.04

May 17, 2024 calculations

Top border of price channel:

Exp(Y1,038)
= Exp(a + b × X1,038 + 2 × s)
= Exp(a + b × 1,506 + 2 × s)
= Exp(3.0900 + 0.0008 × 1,506 + 2 × 0.0205)
= Exp(4.4010)
= $81.53

Bottom border of price channel:

Exp(Y1,038)
= Exp(a + b × X1,038 – 2 × s)
= Exp(a + b × 1,506 – 2 × s)
= Exp(3.0900 + 0.0008 × 1,506 – 2 × 0.0205)
= Exp(4.3188)
= $75.10

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 36.04% per annum.
  • L price at the close of April 1, 2025 was $92.09 and was lower than the bottom border of the primary price channel by $6.19 (6.30%). This indicates a possible reversal in the primary trend direction.

Secondary Trend

Start date: November 21, 2023
End date: March 25, 2025

a = 3.6537

b = 0.0004

s = 0.0227

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 17.69%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0227) – 1
= 9.50%

November 21, 2023 calculations

Top border of price channel:

Exp(Y916)
= Exp(a + b × X916 + 2 × s)
= Exp(a + b × 1,328 + 2 × s)
= Exp(3.6537 + 0.0004 × 1,328 + 2 × 0.0227)
= Exp(4.2916)
= $73.08

Bottom border of price channel:

Exp(Y916)
= Exp(a + b × X916 – 2 × s)
= Exp(a + b × 1,328 – 2 × s)
= Exp(3.6537 + 0.0004 × 1,328 – 2 × 0.0227)
= Exp(4.2009)
= $66.74

March 25, 2025 calculations

Top border of price channel:

Exp(Y1,250)
= Exp(a + b × X1,250 + 2 × s)
= Exp(a + b × 1,818 + 2 × s)
= Exp(3.6537 + 0.0004 × 1,818 + 2 × 0.0227)
= Exp(4.5103)
= $90.94

Bottom border of price channel:

Exp(Y1,250)
= Exp(a + b × X1,250 – 2 × s)
= Exp(a + b × 1,818 – 2 × s)
= Exp(3.6537 + 0.0004 × 1,818 – 2 × 0.0227)
= Exp(4.4195)
= $83.05

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 17.69% per annum.
  • L price at the close of April 1, 2025 was higher than the top border of the secondary price channel by $0.86 (0.94%).