O-I Glass Inc (OI)
OI Glass, Inc. manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and Asia Pacific. The company is headquartered in Perrysburg, Ohio.
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 30.82% per annum.
- OI price at the close of April 29, 2025 was $12.15 and was higher than the top border of the primary price channel by $0.18 (1.46%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 7.44% per annum.
- OI price at the close of April 29, 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 OI 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 1, 2023
End date: April 23, 2025
a = 4.1416
b = -0.0010
s = 0.0919
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -30.82%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0919) – 1
= 44.45%
February 1, 2023 calculations
Top border of price channel:
Exp(Y694)
= Exp(a + b × X694 + 2 × s)
= Exp(a + b × 1,007 + 2 × s)
= Exp(4.1416 + -0.0010 × 1,007 + 2 × 0.0919)
= Exp(3.3087)
= $27.35
Bottom border of price channel:
Exp(Y694)
= Exp(a + b × X694 – 2 × s)
= Exp(a + b × 1,007 – 2 × s)
= Exp(4.1416 + -0.0010 × 1,007 – 2 × 0.0919)
= Exp(2.9410)
= $18.93
April 23, 2025 calculations
Top border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 + 2 × s)
= Exp(a + b × 1,819 + 2 × s)
= Exp(4.1416 + -0.0010 × 1,819 + 2 × 0.0919)
= Exp(2.4889)
= $12.05
Bottom border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 – 2 × s)
= Exp(a + b × 1,819 – 2 × s)
= Exp(4.1416 + -0.0010 × 1,819 – 2 × 0.0919)
= Exp(2.1211)
= $8.34
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 30.82% per annum.
- OI price at the close of April 29, 2025 was $12.15 and was higher than the top border of the primary price channel by $0.18 (1.46%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: May 21, 2024
End date: April 29, 2025
a = 2.8145
b = -0.0002
s = 0.0705
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -7.44%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0705) – 1
= 32.57%
May 21, 2024 calculations
Top border of price channel:
Exp(Y1,021)
= Exp(a + b × X1,021 + 2 × s)
= Exp(a + b × 1,482 + 2 × s)
= Exp(2.8145 + -0.0002 × 1,482 + 2 × 0.0705)
= Exp(2.6415)
= $14.03
Bottom border of price channel:
Exp(Y1,021)
= Exp(a + b × X1,021 – 2 × s)
= Exp(a + b × 1,482 – 2 × s)
= Exp(2.8145 + -0.0002 × 1,482 – 2 × 0.0705)
= Exp(2.3595)
= $10.59
April 29, 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(2.8145 + -0.0002 × 1,825 + 2 × 0.0705)
= Exp(2.5688)
= $13.05
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(2.8145 + -0.0002 × 1,825 – 2 × 0.0705)
= Exp(2.2869)
= $9.84
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 7.44% per annum.
- OI price at the close of April 29, 2025 was inside the secondary price channel.