Dow Inc (DOW)
Dow Inc. is an American commodity chemical company. The company is headquartered in Midland, Michigan.
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 46.73% per annum.
- DOW price at the close of May 23, 2025 was $28.32 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 59.06% per annum.
- DOW price at the close of May 23, 2025 was inside the secondary price channel.
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 DOW 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: May 6, 2024
End date: May 23, 2025
a = 6.5773
b = -0.0017
s = 0.0705
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0017) – 1
= -46.73%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0705) – 1
= 32.57%
May 6, 2024 calculations
Top border of price channel:
Exp(Y993)
= Exp(a + b × X993 + 2 × s)
= Exp(a + b × 1,441 + 2 × s)
= Exp(6.5773 + -0.0017 × 1,441 + 2 × 0.0705)
= Exp(4.2318)
= $68.84
Bottom border of price channel:
Exp(Y993)
= Exp(a + b × X993 – 2 × s)
= Exp(a + b × 1,441 – 2 × s)
= Exp(6.5773 + -0.0017 × 1,441 – 2 × 0.0705)
= Exp(3.9498)
= $51.93
May 23, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(6.5773 + -0.0017 × 1,823 + 2 × 0.0705)
= Exp(3.5726)
= $35.61
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(6.5773 + -0.0017 × 1,823 – 2 × 0.0705)
= Exp(3.2907)
= $26.86
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 46.73% per annum.
- DOW price at the close of May 23, 2025 was $28.32 and was inside the primary price channel.
Secondary Trend
Start date: September 19, 2024
End date: May 23, 2025
a = 7.8197
b = -0.0024
s = 0.0578
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0024) – 1
= -59.06%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0578) – 1
= 26.01%
September 19, 2024 calculations
Top border of price channel:
Exp(Y1,087)
= Exp(a + b × X1,087 + 2 × s)
= Exp(a + b × 1,577 + 2 × s)
= Exp(7.8197 + -0.0024 × 1,577 + 2 × 0.0578)
= Exp(4.0766)
= $58.94
Bottom border of price channel:
Exp(Y1,087)
= Exp(a + b × X1,087 – 2 × s)
= Exp(a + b × 1,577 – 2 × s)
= Exp(7.8197 + -0.0024 × 1,577 – 2 × 0.0578)
= Exp(3.8454)
= $46.78
May 23, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(7.8197 + -0.0024 × 1,823 + 2 × 0.0578)
= Exp(3.4747)
= $32.29
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(7.8197 + -0.0024 × 1,823 – 2 × 0.0578)
= Exp(3.2434)
= $25.62
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 59.06% per annum.
- DOW price at the close of May 23, 2025 was inside the secondary price channel.