H B Fuller Company (FUL)
H.B. Fuller Company (FUL) is a global leader in adhesive solutions, specializing in formulating, manufacturing, and marketing a diverse range of adhesives, sealants, coatings, and specialty chemicals. Headquartered in Saint Paul, Minnesota, the company serves various end markets including construction, packaging, and automotive, leveraging innovation to meet the evolving needs of its clients. With a strong emphasis on sustainability and performance, H.B. Fuller is committed to delivering high-quality products that enhance the efficiency and effectiveness of its customers' operations worldwide.
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 18.97% per annum.
- FUL price at the close of February 12, 2026 was $66.67 and was higher than the top border of the primary price channel by $4.95 (8.01%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 16.18% per annum.
- FUL price at the close of February 12, 2026 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 FUL 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: December 1, 2023
End date: December 10, 2025
a = 5.0034
b = -0.0006
s = 0.0847
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -18.97%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0847) – 1
= 40.35%
December 1, 2023 calculations
Top border of price channel:
Exp(Y704)
= Exp(a + b × X704 + 2 × s)
= Exp(a + b × 1,018 + 2 × s)
= Exp(5.0034 + -0.0006 × 1,018 + 2 × 0.0847)
= Exp(4.5861)
= $98.11
Bottom border of price channel:
Exp(Y704)
= Exp(a + b × X704 – 2 × s)
= Exp(a + b × 1,018 – 2 × s)
= Exp(5.0034 + -0.0006 × 1,018 – 2 × 0.0847)
= Exp(4.2471)
= $69.91
December 10, 2025 calculations
Top border of price channel:
Exp(Y1,211)
= Exp(a + b × X1,211 + 2 × s)
= Exp(a + b × 1,758 + 2 × s)
= Exp(5.0034 + -0.0006 × 1,758 + 2 × 0.0847)
= Exp(4.1596)
= $64.04
Bottom border of price channel:
Exp(Y1,211)
= Exp(a + b × X1,211 – 2 × s)
= Exp(a + b × 1,758 – 2 × s)
= Exp(5.0034 + -0.0006 × 1,758 – 2 × 0.0847)
= Exp(3.8206)
= $45.63
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 18.97% per annum.
- FUL price at the close of February 12, 2026 was $66.67 and was higher than the top border of the primary price channel by $4.95 (8.01%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: February 21, 2025
End date: February 12, 2026
a = 3.3799
b = 0.0004
s = 0.0410
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 16.18%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0410) – 1
= 17.84%
February 21, 2025 calculations
Top border of price channel:
Exp(Y1,009)
= Exp(a + b × X1,009 + 2 × s)
= Exp(a + b × 1,466 + 2 × s)
= Exp(3.3799 + 0.0004 × 1,466 + 2 × 0.0410)
= Exp(4.0643)
= $58.22
Bottom border of price channel:
Exp(Y1,009)
= Exp(a + b × X1,009 – 2 × s)
= Exp(a + b × 1,466 – 2 × s)
= Exp(3.3799 + 0.0004 × 1,466 – 2 × 0.0410)
= Exp(3.9001)
= $49.41
February 12, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,822 + 2 × s)
= Exp(3.3799 + 0.0004 × 1,822 + 2 × 0.0410)
= Exp(4.2105)
= $67.39
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,822 – 2 × s)
= Exp(3.3799 + 0.0004 × 1,822 – 2 × 0.0410)
= Exp(4.0464)
= $57.19
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 16.18% per annum.
- FUL price at the close of February 12, 2026 was inside the secondary price channel.