Linde plc Ordinary Shares (LIN)
Linde plc is a leading multinational chemical company and the world's largest industrial gas supplier by market share and revenue. The company caters to a diverse range of industries, including healthcare, petroleum refining, manufacturing, food and beverage, steel production, aerospace, and electronics. Linde specializes in the production and distribution of atmospheric gases such as oxygen, nitrogen, and argon, as well as process gases including hydrogen, helium, and specialty gases. With a strong emphasis on innovation and sustainability, Linde plays a crucial role in enhancing operational efficiencies and reducing carbon footprints for its customers worldwide.
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 0.72% per annum.
- LIN price at the close of January 14, 2026 was $439.98 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 24.97% per annum.
- LIN price at the close of January 14, 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 LIN 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: February 16, 2024
End date: January 14, 2026
a = 6.0705
b = 0.0000
s = 0.0438
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 0.72%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0438) – 1
= 19.14%
February 16, 2024 calculations
Top border of price channel:
Exp(Y776)
= Exp(a + b × X776 + 2 × s)
= Exp(a + b × 1,127 + 2 × s)
= Exp(6.0705 + 0.0000 × 1,127 + 2 × 0.0438)
= Exp(6.1801)
= $483.05
Bottom border of price channel:
Exp(Y776)
= Exp(a + b × X776 – 2 × s)
= Exp(a + b × 1,127 – 2 × s)
= Exp(6.0705 + 0.0000 × 1,127 – 2 × 0.0438)
= Exp(6.0050)
= $405.43
January 14, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(6.0705 + 0.0000 × 1,825 + 2 × 0.0438)
= Exp(6.1938)
= $489.70
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(6.0705 + 0.0000 × 1,825 – 2 × 0.0438)
= Exp(6.0186)
= $411.02
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 0.72% per annum.
- LIN price at the close of January 14, 2026 was $439.98 and was inside the primary price channel.
Secondary Trend
Start date: June 30, 2025
End date: January 14, 2026
a = 7.4618
b = -0.0008
s = 0.0377
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0008) – 1
= -24.97%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0377) – 1
= 16.26%
June 30, 2025 calculations
Top border of price channel:
Exp(Y1,117)
= Exp(a + b × X1,117 + 2 × s)
= Exp(a + b × 1,627 + 2 × s)
= Exp(7.4618 + -0.0008 × 1,627 + 2 × 0.0377)
= Exp(6.2564)
= $521.34
Bottom border of price channel:
Exp(Y1,117)
= Exp(a + b × X1,117 – 2 × s)
= Exp(a + b × 1,627 – 2 × s)
= Exp(7.4618 + -0.0008 × 1,627 – 2 × 0.0377)
= Exp(6.1058)
= $448.44
January 14, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(7.4618 + -0.0008 × 1,825 + 2 × 0.0377)
= Exp(6.1005)
= $446.10
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(7.4618 + -0.0008 × 1,825 – 2 × 0.0377)
= Exp(5.9499)
= $383.72
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 24.97% per annum.
- LIN price at the close of January 14, 2026 was inside the secondary price channel.