EQT Corporation (EQT)
EQT Corporation is a natural gas production company in the United States. The company is headquartered in Pittsburgh, Pennsylvania.
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 1.28% per annum.
- EQT price at the close of July 25, 2024 was $34.38 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 66.62% per annum.
- EQT price at the close of July 25, 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 EQT 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 25, 2022
End date: July 25, 2024
a = 3.6812
b = 0.0000
s = 0.1142
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= -1.28%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1142) – 1
= 57.92%
March 25, 2022 calculations
Top border of price channel:
Exp(Y672)
= Exp(a + b × X672 + 2 × s)
= Exp(a + b × 973 + 2 × s)
= Exp(3.6812 + 0.0000 × 973 + 2 × 0.1142)
= Exp(3.8752)
= $48.19
Bottom border of price channel:
Exp(Y672)
= Exp(a + b × X672 – 2 × s)
= Exp(a + b × 973 – 2 × s)
= Exp(3.6812 + 0.0000 × 973 – 2 × 0.1142)
= Exp(3.4183)
= $30.52
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.6812 + 0.0000 × 1,826 + 2 × 0.1142)
= Exp(3.8450)
= $46.76
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.6812 + 0.0000 × 1,826 – 2 × 0.1142)
= Exp(3.3881)
= $29.61
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 1.28% per annum.
- EQT price at the close of July 25, 2024 was $34.38 and was inside the primary price channel.
Secondary Trend
Start date: May 28, 2024
End date: July 25, 2024
a = 9.0403
b = -0.0030
s = 0.0170
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0030) – 1
= -66.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0170) – 1
= 7.03%
May 28, 2024 calculations
Top border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 + 2 × s)
= Exp(a + b × 1,768 + 2 × s)
= Exp(9.0403 + -0.0030 × 1,768 + 2 × 0.0170)
= Exp(3.7596)
= $42.93
Bottom border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 – 2 × s)
= Exp(a + b × 1,768 – 2 × s)
= Exp(9.0403 + -0.0030 × 1,768 – 2 × 0.0170)
= Exp(3.6917)
= $40.11
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(9.0403 + -0.0030 × 1,826 + 2 × 0.0170)
= Exp(3.5853)
= $36.06
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(9.0403 + -0.0030 × 1,826 – 2 × 0.0170)
= Exp(3.5174)
= $33.70
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 66.62% per annum.
- EQT price at the close of July 25, 2024 was inside the secondary price channel.