Stock Price Trends

Dana Inc (DAN)

Dana Incorporated provides energy management and energy transportation solutions for vehicles and machinery in North America, Europe, South America, and Asia Pacific. The company is headquartered in Maumee, Ohio.

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 18.16% per annum.
  • DAN price at the close of May 17, 2024 was $14.03 and was inside the primary price channel.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 733.01% per annum.
  • DAN price at the close of May 17, 2024 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 DAN 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: February 4, 2021
End date: May 13, 2024

a = 3.4742

b = -0.0005

s = 0.1269

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -18.16%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.1269) – 1
= 66.12%

February 4, 2021 calculations

Top border of price channel:

Exp(Y432)
= Exp(a + b × X432 + 2 × s)
= Exp(a + b × 626 + 2 × s)
= Exp(3.4742 + -0.0005 × 626 + 2 × 0.1269)
= Exp(3.3842)
= $29.50

Bottom border of price channel:

Exp(Y432)
= Exp(a + b × X432 – 2 × s)
= Exp(a + b × 626 – 2 × s)
= Exp(3.4742 + -0.0005 × 626 – 2 × 0.1269)
= Exp(2.8767)
= $17.76

May 13, 2024 calculations

Top border of price channel:

Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(3.4742 + -0.0005 × 1,820 + 2 × 0.1269)
= Exp(2.7287)
= $15.31

Bottom border of price channel:

Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(3.4742 + -0.0005 × 1,820 – 2 × 0.1269)
= Exp(2.2211)
= $9.22

Description

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 18.16% per annum.
  • DAN price at the close of May 17, 2024 was $14.03 and was inside the primary price channel.

Secondary Trend

Start date: April 15, 2024
End date: May 17, 2024

a = -7.9463

b = 0.0058

s = 0.0134

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0058) – 1
= 733.01%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0134) – 1
= 5.49%

April 15, 2024 calculations

Top border of price channel:

Exp(Y1,234)
= Exp(a + b × X1,234 + 2 × s)
= Exp(a + b × 1,792 + 2 × s)
= Exp(-7.9463 + 0.0058 × 1,792 + 2 × 0.0134)
= Exp(2.4881)
= $12.04

Bottom border of price channel:

Exp(Y1,234)
= Exp(a + b × X1,234 – 2 × s)
= Exp(a + b × 1,792 – 2 × s)
= Exp(-7.9463 + 0.0058 × 1,792 – 2 × 0.0134)
= Exp(2.4347)
= $11.41

May 17, 2024 calculations

Top border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-7.9463 + 0.0058 × 1,824 + 2 × 0.0134)
= Exp(2.6740)
= $14.50

Bottom border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-7.9463 + 0.0058 × 1,824 – 2 × 0.0134)
= Exp(2.6205)
= $13.74

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 733.01% per annum.
  • DAN price at the close of May 17, 2024 was inside the secondary price channel.