Stock Price Trends

Alliant Energy Corp (LNT)

Alliant Energy is a public utility holding company headquartered in Madison, Wisconsin providing power in Iowa and Wisconsin.

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 4.56% per annum.
  • LNT price at the close of July 25, 2024 was $55.84 and was higher than the top border of the primary price channel by $2.71 (5.11%). This indicates a possible reversal in the primary trend direction.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 26.12% per annum.
  • LNT price at the close of July 25, 2024 was higher than the top border of the secondary price channel by $0.68 (1.23%).
  • 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 LNT 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: July 23, 2021
End date: July 3, 2024

a = 4.1125

b = -0.0001

s = 0.0469

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -4.56%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0469) – 1
= 20.64%

July 23, 2021 calculations

Top border of price channel:

Exp(Y502)
= Exp(a + b × X502 + 2 × s)
= Exp(a + b × 728 + 2 × s)
= Exp(4.1125 + -0.0001 × 728 + 2 × 0.0469)
= Exp(4.1131)
= $61.14

Bottom border of price channel:

Exp(Y502)
= Exp(a + b × X502 – 2 × s)
= Exp(a + b × 728 – 2 × s)
= Exp(4.1125 + -0.0001 × 728 – 2 × 0.0469)
= Exp(3.9255)
= $50.68

July 3, 2024 calculations

Top border of price channel:

Exp(Y1,242)
= Exp(a + b × X1,242 + 2 × s)
= Exp(a + b × 1,804 + 2 × s)
= Exp(4.1125 + -0.0001 × 1,804 + 2 × 0.0469)
= Exp(3.9755)
= $53.28

Bottom border of price channel:

Exp(Y1,242)
= Exp(a + b × X1,242 – 2 × s)
= Exp(a + b × 1,804 – 2 × s)
= Exp(4.1125 + -0.0001 × 1,804 – 2 × 0.0469)
= Exp(3.7879)
= $44.16

Description

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 4.56% per annum.
  • LNT price at the close of July 25, 2024 was $55.84 and was higher than the top border of the primary price channel by $2.71 (5.11%). This indicates a possible reversal in the primary trend direction.

Secondary Trend

Start date: January 18, 2024
End date: July 25, 2024

a = 2.8055

b = 0.0006

s = 0.0219

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 26.12%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0219) – 1
= 9.14%

January 18, 2024 calculations

Top border of price channel:

Exp(Y1,127)
= Exp(a + b × X1,127 + 2 × s)
= Exp(a + b × 1,637 + 2 × s)
= Exp(2.8055 + 0.0006 × 1,637 + 2 × 0.0219)
= Exp(3.8901)
= $48.92

Bottom border of price channel:

Exp(Y1,127)
= Exp(a + b × X1,127 – 2 × s)
= Exp(a + b × 1,637 – 2 × s)
= Exp(2.8055 + 0.0006 × 1,637 – 2 × 0.0219)
= Exp(3.8026)
= $44.82

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(2.8055 + 0.0006 × 1,826 + 2 × 0.0219)
= Exp(4.0103)
= $55.16

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.8055 + 0.0006 × 1,826 – 2 × 0.0219)
= Exp(3.9228)
= $50.54

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 26.12% per annum.
  • LNT price at the close of July 25, 2024 was higher than the top border of the secondary price channel by $0.68 (1.23%).