DT Midstream Inc (DTM)
None
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 33.70% per annum.
- DTM price at the close of May 17, 2024 was $66.88 and was higher than the top border of the primary price channel by $0.25 (0.37%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 132.93% per annum.
- DTM price at the close of May 17, 2024 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 DTM 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 15, 2023
End date: May 17, 2024
a = 3.2867
b = 0.0008
s = 0.0381
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 33.70%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0381) – 1
= 16.46%
March 15, 2023 calculations
Top border of price channel:
Exp(Y428)
= Exp(a + b × X428 + 2 × s)
= Exp(a + b × 622 + 2 × s)
= Exp(3.2867 + 0.0008 × 622 + 2 × 0.0381)
= Exp(3.8578)
= $47.36
Bottom border of price channel:
Exp(Y428)
= Exp(a + b × X428 – 2 × s)
= Exp(a + b × 622 – 2 × s)
= Exp(3.2867 + 0.0008 × 622 – 2 × 0.0381)
= Exp(3.7054)
= $40.67
May 17, 2024 calculations
Top border of price channel:
Exp(Y724)
= Exp(a + b × X724 + 2 × s)
= Exp(a + b × 1,051 + 2 × s)
= Exp(3.2867 + 0.0008 × 1,051 + 2 × 0.0381)
= Exp(4.1992)
= $66.63
Bottom border of price channel:
Exp(Y724)
= Exp(a + b × X724 – 2 × s)
= Exp(a + b × 1,051 – 2 × s)
= Exp(3.2867 + 0.0008 × 1,051 – 2 × 0.0381)
= Exp(4.0468)
= $57.21
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 33.70% per annum.
- DTM price at the close of May 17, 2024 was $66.88 and was higher than the top border of the primary price channel by $0.25 (0.37%).
Secondary Trend
Start date: January 30, 2024
End date: May 17, 2024
a = 1.7692
b = 0.0023
s = 0.0229
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0023) – 1
= 132.93%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0229) – 1
= 9.59%
January 30, 2024 calculations
Top border of price channel:
Exp(Y648)
= Exp(a + b × X648 + 2 × s)
= Exp(a + b × 943 + 2 × s)
= Exp(1.7692 + 0.0023 × 943 + 2 × 0.0229)
= Exp(3.9996)
= $54.57
Bottom border of price channel:
Exp(Y648)
= Exp(a + b × X648 – 2 × s)
= Exp(a + b × 943 – 2 × s)
= Exp(1.7692 + 0.0023 × 943 – 2 × 0.0229)
= Exp(3.9080)
= $49.80
May 17, 2024 calculations
Top border of price channel:
Exp(Y724)
= Exp(a + b × X724 + 2 × s)
= Exp(a + b × 1,051 + 2 × s)
= Exp(1.7692 + 0.0023 × 1,051 + 2 × 0.0229)
= Exp(4.2498)
= $70.09
Bottom border of price channel:
Exp(Y724)
= Exp(a + b × X724 – 2 × s)
= Exp(a + b × 1,051 – 2 × s)
= Exp(1.7692 + 0.0023 × 1,051 – 2 × 0.0229)
= Exp(4.1582)
= $63.95
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 132.93% per annum.
- DTM price at the close of May 17, 2024 was inside the secondary price channel.