Dupont De Nemours Inc (DD)
DuPont de Nemours, Inc., commonly known as DuPont, is an American company formed by the merger of Dow Chemical and E. I. du Pont de Nemours and Company on August 31, 2017, and the subsequent spinoffs of Dow Inc. and Corteva. Prior to the spinoffs it was the world's largest chemical company in terms of sales.
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 15.30% per annum.
- DD price at the close of May 8, 2024 was $78.20 and was higher than the top border of the primary price channel by $24.22 (44.88%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 14.93% per annum.
- DD price at the close of May 8, 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 DD 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: December 17, 2020
End date: November 7, 2022
a = 4.6370
b = -0.0005
s = 0.0910
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -15.30%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0910) – 1
= 43.91%
December 17, 2020 calculations
Top border of price channel:
Exp(Y407)
= Exp(a + b × X407 + 2 × s)
= Exp(a + b × 588 + 2 × s)
= Exp(4.6370 + -0.0005 × 588 + 2 × 0.0910)
= Exp(4.5516)
= $94.78
Bottom border of price channel:
Exp(Y407)
= Exp(a + b × X407 – 2 × s)
= Exp(a + b × 588 – 2 × s)
= Exp(4.6370 + -0.0005 × 588 – 2 × 0.0910)
= Exp(4.1876)
= $65.86
November 7, 2022 calculations
Top border of price channel:
Exp(Y882)
= Exp(a + b × X882 + 2 × s)
= Exp(a + b × 1,278 + 2 × s)
= Exp(4.6370 + -0.0005 × 1,278 + 2 × 0.0910)
= Exp(4.2378)
= $69.25
Bottom border of price channel:
Exp(Y882)
= Exp(a + b × X882 – 2 × s)
= Exp(a + b × 1,278 – 2 × s)
= Exp(4.6370 + -0.0005 × 1,278 – 2 × 0.0910)
= Exp(3.8738)
= $48.12
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 15.30% per annum.
- DD price at the close of May 8, 2024 was $78.20 and was higher than the top border of the primary price channel by $24.22 (44.88%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: April 26, 2022
End date: May 8, 2024
a = 3.6471
b = 0.0004
s = 0.0821
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 14.93%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0821) – 1
= 38.86%
April 26, 2022 calculations
Top border of price channel:
Exp(Y747)
= Exp(a + b × X747 + 2 × s)
= Exp(a + b × 1,083 + 2 × s)
= Exp(3.6471 + 0.0004 × 1,083 + 2 × 0.0821)
= Exp(4.2241)
= $68.32
Bottom border of price channel:
Exp(Y747)
= Exp(a + b × X747 – 2 × s)
= Exp(a + b × 1,083 – 2 × s)
= Exp(3.6471 + 0.0004 × 1,083 – 2 × 0.0821)
= Exp(3.8959)
= $49.20
May 8, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.6471 + 0.0004 × 1,826 + 2 × 0.0821)
= Exp(4.5074)
= $90.68
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.6471 + 0.0004 × 1,826 – 2 × 0.0821)
= Exp(4.1791)
= $65.31
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 14.93% per annum.
- DD price at the close of May 8, 2024 was inside the secondary price channel.