DXP Enterprises Inc (DXPE)
DXP Enterprises, Inc. is dedicated to the distribution of maintenance, repair and operation (MRO) products, equipment and services to industrial and energy customers primarily in the United States and Canada. The company is headquartered in Houston, Texas.
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 112.54% per annum.
- DXPE price at the close of April 29, 2025 was $87.49 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 65.69% per annum.
- DXPE price at the close of April 29, 2025 was higher than the top border of the secondary price channel by $1.22 (1.42%). This indicates a possible reversal in the secondary trend direction.
- 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 DXPE 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: October 12, 2023
End date: April 29, 2025
a = 0.7792
b = 0.0021
s = 0.1378
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0021) – 1
= 112.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1378) – 1
= 73.53%
October 12, 2023 calculations
Top border of price channel:
Exp(Y869)
= Exp(a + b × X869 + 2 × s)
= Exp(a + b × 1,260 + 2 × s)
= Exp(0.7792 + 0.0021 × 1,260 + 2 × 0.1378)
= Exp(3.6574)
= $38.76
Bottom border of price channel:
Exp(Y869)
= Exp(a + b × X869 – 2 × s)
= Exp(a + b × 1,260 – 2 × s)
= Exp(0.7792 + 0.0021 × 1,260 – 2 × 0.1378)
= Exp(3.1062)
= $22.34
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(0.7792 + 0.0021 × 1,825 + 2 × 0.1378)
= Exp(4.8245)
= $124.52
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(0.7792 + 0.0021 × 1,825 – 2 × 0.1378)
= Exp(4.2733)
= $71.76
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 112.54% per annum.
- DXPE price at the close of April 29, 2025 was $87.49 and was inside the primary price channel.
Secondary Trend
Start date: January 14, 2025
End date: April 29, 2025
a = 9.6846
b = -0.0029
s = 0.0611
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0029) – 1
= -65.69%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0611) – 1
= 27.67%
January 14, 2025 calculations
Top border of price channel:
Exp(Y1,183)
= Exp(a + b × X1,183 + 2 × s)
= Exp(a + b × 1,720 + 2 × s)
= Exp(9.6846 + -0.0029 × 1,720 + 2 × 0.0611)
= Exp(4.7652)
= $117.35
Bottom border of price channel:
Exp(Y1,183)
= Exp(a + b × X1,183 – 2 × s)
= Exp(a + b × 1,720 – 2 × s)
= Exp(9.6846 + -0.0029 × 1,720 – 2 × 0.0611)
= Exp(4.5210)
= $91.92
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(9.6846 + -0.0029 × 1,825 + 2 × 0.0611)
= Exp(4.4574)
= $86.27
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(9.6846 + -0.0029 × 1,825 – 2 × 0.0611)
= Exp(4.2132)
= $67.57
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 65.69% per annum.
- DXPE price at the close of April 29, 2025 was higher than the top border of the secondary price channel by $1.22 (1.42%). This indicates a possible reversal in the secondary trend direction.