Crown Holdings Inc (CCK)
Crown Holdings, Inc. designs, manufactures and sells products and packaging equipment for consumer goods and industrial products in the Americas, Europe and Asia Pacific. The company is headquartered in Yardley, Pennsylvania.
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 9.95% per annum.
- CCK price at the close of April 29, 2025 was $96.93 and was higher than the top border of the primary price channel by $13.20 (15.76%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4.02% per annum.
- CCK price at the close of April 29, 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 CCK 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 1, 2021
End date: July 22, 2024
a = 4.7700
b = -0.0003
s = 0.0909
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -9.95%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0909) – 1
= 43.84%
April 1, 2021 calculations
Top border of price channel:
Exp(Y232)
= Exp(a + b × X232 + 2 × s)
= Exp(a + b × 336 + 2 × s)
= Exp(4.7700 + -0.0003 × 336 + 2 × 0.0909)
= Exp(4.8553)
= $128.41
Bottom border of price channel:
Exp(Y232)
= Exp(a + b × X232 – 2 × s)
= Exp(a + b × 336 – 2 × s)
= Exp(4.7700 + -0.0003 × 336 – 2 × 0.0909)
= Exp(4.4917)
= $89.28
July 22, 2024 calculations
Top border of price channel:
Exp(Y1,062)
= Exp(a + b × X1,062 + 2 × s)
= Exp(a + b × 1,544 + 2 × s)
= Exp(4.7700 + -0.0003 × 1,544 + 2 × 0.0909)
= Exp(4.5083)
= $90.77
Bottom border of price channel:
Exp(Y1,062)
= Exp(a + b × X1,062 – 2 × s)
= Exp(a + b × 1,544 – 2 × s)
= Exp(4.7700 + -0.0003 × 1,544 – 2 × 0.0909)
= Exp(4.1448)
= $63.10
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 9.95% per annum.
- CCK price at the close of April 29, 2025 was $96.93 and was higher than the top border of the primary price channel by $13.20 (15.76%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 21, 2022
End date: April 29, 2025
a = 4.2779
b = 0.0001
s = 0.0649
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 4.02%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0649) – 1
= 29.65%
September 21, 2022 calculations
Top border of price channel:
Exp(Y603)
= Exp(a + b × X603 + 2 × s)
= Exp(a + b × 874 + 2 × s)
= Exp(4.2779 + 0.0001 × 874 + 2 × 0.0649)
= Exp(4.5023)
= $90.22
Bottom border of price channel:
Exp(Y603)
= Exp(a + b × X603 – 2 × s)
= Exp(a + b × 874 – 2 × s)
= Exp(4.2779 + 0.0001 × 874 – 2 × 0.0649)
= Exp(4.2426)
= $69.59
April 29, 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(4.2779 + 0.0001 × 1,825 + 2 × 0.0649)
= Exp(4.6051)
= $99.99
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.2779 + 0.0001 × 1,825 – 2 × 0.0649)
= Exp(4.3454)
= $77.12
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4.02% per annum.
- CCK price at the close of April 29, 2025 was inside the secondary price channel.