HF Sinclair Corp (DINO)
HF Sinclair Corporation is an independent energy company. The company is headquartered in Dallas, 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 47.03% per annum.
- DINO price at the close of July 26, 2024 was $50.63 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 97.85% per annum.
- DINO price at the close of July 26, 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 DINO 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: March 19, 2024
End date: July 26, 2024
a = 7.0678
b = -0.0017
s = 0.0285
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0017) – 1
= -47.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0285) – 1
= 12.07%
March 19, 2024 calculations
Top border of price channel:
Exp(Y1,168)
= Exp(a + b × X1,168 + 2 × s)
= Exp(a + b × 1,695 + 2 × s)
= Exp(7.0678 + -0.0017 × 1,695 + 2 × 0.0285)
= Exp(4.1737)
= $64.95
Bottom border of price channel:
Exp(Y1,168)
= Exp(a + b × X1,168 – 2 × s)
= Exp(a + b × 1,695 – 2 × s)
= Exp(7.0678 + -0.0017 × 1,695 – 2 × 0.0285)
= Exp(4.0597)
= $57.96
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(7.0678 + -0.0017 × 1,824 + 2 × 0.0285)
= Exp(3.9491)
= $51.89
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(7.0678 + -0.0017 × 1,824 – 2 × 0.0285)
= Exp(3.8351)
= $46.30
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 47.03% per annum.
- DINO price at the close of July 26, 2024 was $50.63 and was inside the primary price channel.
Secondary Trend
Start date: July 10, 2024
End date: July 26, 2024
a = 0.4891
b = 0.0019
s = 0.0146
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 97.85%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0146) – 1
= 6.02%
July 10, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,808 + 2 × s)
= Exp(0.4891 + 0.0019 × 1,808 + 2 × 0.0146)
= Exp(3.8983)
= $49.32
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,808 – 2 × s)
= Exp(0.4891 + 0.0019 × 1,808 – 2 × 0.0146)
= Exp(3.8398)
= $46.52
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(0.4891 + 0.0019 × 1,824 + 2 × 0.0146)
= Exp(3.9282)
= $50.82
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(0.4891 + 0.0019 × 1,824 – 2 × 0.0146)
= Exp(3.8697)
= $47.93
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 97.85% per annum.
- DINO price at the close of July 26, 2024 was inside the secondary price channel.