ProPetro Holding Corp (PUMP)
ProPetro Holding Corp. The company is headquartered in Midland, Texas.
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 13.07% per annum.
- PUMP price at the close of April 1, 2025 was $7.54 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1.69% per annum.
- PUMP price at the close of April 1, 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 PUMP 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: January 10, 2022
End date: December 9, 2024
a = 2.6812
b = -0.0004
s = 0.1453
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -13.07%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1453) – 1
= 78.81%
January 10, 2022 calculations
Top border of price channel:
Exp(Y447)
= Exp(a + b × X447 + 2 × s)
= Exp(a + b × 648 + 2 × s)
= Exp(2.6812 + -0.0004 × 648 + 2 × 0.1453)
= Exp(2.7232)
= $15.23
Bottom border of price channel:
Exp(Y447)
= Exp(a + b × X447 – 2 × s)
= Exp(a + b × 648 – 2 × s)
= Exp(2.6812 + -0.0004 × 648 – 2 × 0.1453)
= Exp(2.1420)
= $8.52
December 9, 2024 calculations
Top border of price channel:
Exp(Y1,179)
= Exp(a + b × X1,179 + 2 × s)
= Exp(a + b × 1,712 + 2 × s)
= Exp(2.6812 + -0.0004 × 1,712 + 2 × 0.1453)
= Exp(2.3150)
= $10.12
Bottom border of price channel:
Exp(Y1,179)
= Exp(a + b × X1,179 – 2 × s)
= Exp(a + b × 1,712 – 2 × s)
= Exp(2.6812 + -0.0004 × 1,712 – 2 × 0.1453)
= Exp(1.7338)
= $5.66
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 13.07% per annum.
- PUMP price at the close of April 1, 2025 was $7.54 and was inside the primary price channel.
Secondary Trend
Start date: February 21, 2023
End date: February 28, 2025
a = 2.0796
b = 0.0000
s = 0.1201
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 1.69%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1201) – 1
= 61.66%
February 21, 2023 calculations
Top border of price channel:
Exp(Y726)
= Exp(a + b × X726 + 2 × s)
= Exp(a + b × 1,055 + 2 × s)
= Exp(2.0796 + 0.0000 × 1,055 + 2 × 0.1201)
= Exp(2.3680)
= $10.68
Bottom border of price channel:
Exp(Y726)
= Exp(a + b × X726 – 2 × s)
= Exp(a + b × 1,055 – 2 × s)
= Exp(2.0796 + 0.0000 × 1,055 – 2 × 0.1201)
= Exp(1.8877)
= $6.60
February 28, 2025 calculations
Top border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 + 2 × s)
= Exp(a + b × 1,793 + 2 × s)
= Exp(2.0796 + 0.0000 × 1,793 + 2 × 0.1201)
= Exp(2.4018)
= $11.04
Bottom border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 – 2 × s)
= Exp(a + b × 1,793 – 2 × s)
= Exp(2.0796 + 0.0000 × 1,793 – 2 × 0.1201)
= Exp(1.9215)
= $6.83
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1.69% per annum.
- PUMP price at the close of April 1, 2025 was inside the secondary price channel.