Crane Company (CR)
Crane Co. manufactures and sells industrial engineering products in the United States, Canada, the United Kingdom, continental Europe, and internationally. The company is headquartered in Stamford, Connecticut.
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 10.15% per annum.
- CR price at the close of April 29, 2025 was $158.87 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 58.29% per annum.
- CR price at the close of April 29, 2025 was higher than the top border of the secondary price channel by $8.04 (5.33%). This indicates a possible reversal in the secondary trend direction.
- 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 CR 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 23, 2024
End date: April 29, 2025
a = 4.8852
b = 0.0003
s = 0.0652
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 10.15%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0652) – 1
= 29.79%
April 23, 2024 calculations
Top border of price channel:
Exp(Y268)
= Exp(a + b × X268 + 2 × s)
= Exp(a + b × 391 + 2 × s)
= Exp(4.8852 + 0.0003 × 391 + 2 × 0.0652)
= Exp(5.1191)
= $167.19
Bottom border of price channel:
Exp(Y268)
= Exp(a + b × X268 – 2 × s)
= Exp(a + b × 391 – 2 × s)
= Exp(4.8852 + 0.0003 × 391 – 2 × 0.0652)
= Exp(4.8583)
= $128.81
April 29, 2025 calculations
Top border of price channel:
Exp(Y522)
= Exp(a + b × X522 + 2 × s)
= Exp(a + b × 762 + 2 × s)
= Exp(4.8852 + 0.0003 × 762 + 2 × 0.0652)
= Exp(5.2174)
= $184.45
Bottom border of price channel:
Exp(Y522)
= Exp(a + b × X522 – 2 × s)
= Exp(a + b × 762 – 2 × s)
= Exp(4.8852 + 0.0003 × 762 – 2 × 0.0652)
= Exp(4.9566)
= $142.11
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 10.15% per annum.
- CR price at the close of April 29, 2025 was $158.87 and was inside the primary price channel.
Secondary Trend
Start date: January 28, 2025
End date: April 29, 2025
a = 6.7653
b = -0.0024
s = 0.0381
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0024) – 1
= -58.29%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0381) – 1
= 16.47%
January 28, 2025 calculations
Top border of price channel:
Exp(Y459)
= Exp(a + b × X459 + 2 × s)
= Exp(a + b × 671 + 2 × s)
= Exp(6.7653 + -0.0024 × 671 + 2 × 0.0381)
= Exp(5.2341)
= $187.57
Bottom border of price channel:
Exp(Y459)
= Exp(a + b × X459 – 2 × s)
= Exp(a + b × 671 – 2 × s)
= Exp(6.7653 + -0.0024 × 671 – 2 × 0.0381)
= Exp(5.0817)
= $161.05
April 29, 2025 calculations
Top border of price channel:
Exp(Y522)
= Exp(a + b × X522 + 2 × s)
= Exp(a + b × 762 + 2 × s)
= Exp(6.7653 + -0.0024 × 762 + 2 × 0.0381)
= Exp(5.0162)
= $150.83
Bottom border of price channel:
Exp(Y522)
= Exp(a + b × X522 – 2 × s)
= Exp(a + b × 762 – 2 × s)
= Exp(6.7653 + -0.0024 × 762 – 2 × 0.0381)
= Exp(4.8637)
= $129.51
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 58.29% per annum.
- CR price at the close of April 29, 2025 was higher than the top border of the secondary price channel by $8.04 (5.33%). This indicates a possible reversal in the secondary trend direction.