Lowe's Companies Inc (LOW)
Lowe's Companies, Inc. is an American retail company specializing in home improvement. Headquartered in Mooresville, North Carolina, the company operates a chain of retail stores in the United States and Canada.
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 28.06% per annum.
- LOW price at the close of April 2, 2025 was $235.28 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 164.55% per annum.
- LOW price at the close of April 2, 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 LOW 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: September 30, 2024
End date: April 2, 2025
a = 7.1054
b = -0.0009
s = 0.0320
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -28.06%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0320) – 1
= 13.64%
September 30, 2024 calculations
Top border of price channel:
Exp(Y1,129)
= Exp(a + b × X1,129 + 2 × s)
= Exp(a + b × 1,641 + 2 × s)
= Exp(7.1054 + -0.0009 × 1,641 + 2 × 0.0320)
= Exp(5.6890)
= $295.58
Bottom border of price channel:
Exp(Y1,129)
= Exp(a + b × X1,129 – 2 × s)
= Exp(a + b × 1,641 – 2 × s)
= Exp(7.1054 + -0.0009 × 1,641 – 2 × 0.0320)
= Exp(5.5611)
= $260.10
April 2, 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(7.1054 + -0.0009 × 1,825 + 2 × 0.0320)
= Exp(5.5230)
= $250.38
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(7.1054 + -0.0009 × 1,825 – 2 × 0.0320)
= Exp(5.3951)
= $220.32
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 28.06% per annum.
- LOW price at the close of April 2, 2025 was $235.28 and was inside the primary price channel.
Secondary Trend
Start date: March 13, 2025
End date: April 2, 2025
a = 0.5949
b = 0.0027
s = 0.0075
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0027) – 1
= 164.55%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0075) – 1
= 3.06%
March 13, 2025 calculations
Top border of price channel:
Exp(Y1,241)
= Exp(a + b × X1,241 + 2 × s)
= Exp(a + b × 1,805 + 2 × s)
= Exp(0.5949 + 0.0027 × 1,805 + 2 × 0.0075)
= Exp(5.4210)
= $226.11
Bottom border of price channel:
Exp(Y1,241)
= Exp(a + b × X1,241 – 2 × s)
= Exp(a + b × 1,805 – 2 × s)
= Exp(0.5949 + 0.0027 × 1,805 – 2 × 0.0075)
= Exp(5.3908)
= $219.39
April 2, 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(0.5949 + 0.0027 × 1,825 + 2 × 0.0075)
= Exp(5.4743)
= $238.49
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(0.5949 + 0.0027 × 1,825 – 2 × 0.0075)
= Exp(5.4442)
= $231.40
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 164.55% per annum.
- LOW price at the close of April 2, 2025 was inside the secondary price channel.