Lowe's Companies Inc (LOW)
Lowe's Companies, Inc. is an American retail company specializing in home improvement. Headquartered in Mooresville, North Carolina, the company operates a chain of retail stores in the United States and Canada.
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 32.06% per annum.
- LOW price at the close of April 28, 2025 was $221.15 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 54.62% per annum.
- LOW price at the close of April 28, 2025 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 LOW 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: September 30, 2024
End date: April 28, 2025
a = 7.3401
b = -0.0011
s = 0.0341
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -32.06%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0341) – 1
= 14.61%
September 30, 2024 calculations
Top border of price channel:
Exp(Y1,112)
= Exp(a + b × X1,112 + 2 × s)
= Exp(a + b × 1,615 + 2 × s)
= Exp(7.3401 + -0.0011 × 1,615 + 2 × 0.0341)
= Exp(5.6977)
= $298.19
Bottom border of price channel:
Exp(Y1,112)
= Exp(a + b × X1,112 – 2 × s)
= Exp(a + b × 1,615 – 2 × s)
= Exp(7.3401 + -0.0011 × 1,615 – 2 × 0.0341)
= Exp(5.5614)
= $260.18
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(7.3401 + -0.0011 × 1,825 + 2 × 0.0341)
= Exp(5.4753)
= $238.73
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(7.3401 + -0.0011 × 1,825 – 2 × 0.0341)
= Exp(5.3390)
= $208.30
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 32.06% per annum.
- LOW price at the close of April 28, 2025 was $221.15 and was inside the primary price channel.
Secondary Trend
Start date: January 17, 2025
End date: April 28, 2025
a = 9.3097
b = -0.0022
s = 0.0227
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0022) – 1
= -54.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0227) – 1
= 9.50%
January 17, 2025 calculations
Top border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 + 2 × s)
= Exp(a + b × 1,724 + 2 × s)
= Exp(9.3097 + -0.0022 × 1,724 + 2 × 0.0227)
= Exp(5.6229)
= $276.69
Bottom border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 – 2 × s)
= Exp(a + b × 1,724 – 2 × s)
= Exp(9.3097 + -0.0022 × 1,724 – 2 × 0.0227)
= Exp(5.5321)
= $252.68
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(9.3097 + -0.0022 × 1,825 + 2 × 0.0227)
= Exp(5.4043)
= $222.35
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(9.3097 + -0.0022 × 1,825 – 2 × 0.0227)
= Exp(5.3135)
= $203.06
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 54.62% per annum.
- LOW price at the close of April 28, 2025 was inside the secondary price channel.