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 2.59% per annum.
- EQT price at the close of May 10, 2024 was $38.93 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 215.14% per annum.
- EQT price at the close of May 10, 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 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: April 1, 2022
End date: May 10, 2024
a = 3.7346
b = -0.0001
s = 0.1172
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -2.59%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1172) – 1
= 59.81%
April 1, 2022 calculations
Top border of price channel:
Exp(Y729)
= Exp(a + b × X729 + 2 × s)
= Exp(a + b × 1,054 + 2 × s)
= Exp(3.7346 + -0.0001 × 1,054 + 2 × 0.1172)
= Exp(3.8931)
= $49.06
Bottom border of price channel:
Exp(Y729)
= Exp(a + b × X729 – 2 × s)
= Exp(a + b × 1,054 – 2 × s)
= Exp(3.7346 + -0.0001 × 1,054 – 2 × 0.1172)
= Exp(3.4243)
= $30.70
May 10, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.7346 + -0.0001 × 1,824 + 2 × 0.1172)
= Exp(3.8376)
= $46.42
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.7346 + -0.0001 × 1,824 – 2 × 0.1172)
= Exp(3.3688)
= $29.04
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 2.59% per annum.
- EQT price at the close of May 10, 2024 was $38.93 and was inside the primary price channel.
Secondary Trend
Start date: March 11, 2024
End date: May 10, 2024
a = -2.0345
b = 0.0031
s = 0.0259
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0031) – 1
= 215.14%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0259) – 1
= 10.91%
March 11, 2024 calculations
Top border of price channel:
Exp(Y1,215)
= Exp(a + b × X1,215 + 2 × s)
= Exp(a + b × 1,764 + 2 × s)
= Exp(-2.0345 + 0.0031 × 1,764 + 2 × 0.0259)
= Exp(3.5647)
= $35.33
Bottom border of price channel:
Exp(Y1,215)
= Exp(a + b × X1,215 – 2 × s)
= Exp(a + b × 1,764 – 2 × s)
= Exp(-2.0345 + 0.0031 × 1,764 – 2 × 0.0259)
= Exp(3.4612)
= $31.86
May 10, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-2.0345 + 0.0031 × 1,824 + 2 × 0.0259)
= Exp(3.7534)
= $42.67
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-2.0345 + 0.0031 × 1,824 – 2 × 0.0259)
= Exp(3.6499)
= $38.47
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 215.14% per annum.
- EQT price at the close of May 10, 2024 was inside the secondary price channel.