ProPetro Holding Corp (PUMP)
ProPetro Holding Corp. The company is headquartered in Midland, Texas.
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 33.30% per annum.
- PUMP price at the close of July 25, 2024 was $8.83 and was higher than the top border of the primary price channel by $2.48 (39.03%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 5.45% per annum.
- PUMP price at the close of July 25, 2024 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 PUMP 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: January 14, 2022
End date: July 6, 2023
a = 3.5939
b = -0.0011
s = 0.1404
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -33.30%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1404) – 1
= 75.34%
January 14, 2022 calculations
Top border of price channel:
Exp(Y624)
= Exp(a + b × X624 + 2 × s)
= Exp(a + b × 903 + 2 × s)
= Exp(3.5939 + -0.0011 × 903 + 2 × 0.1404)
= Exp(2.8728)
= $17.69
Bottom border of price channel:
Exp(Y624)
= Exp(a + b × X624 – 2 × s)
= Exp(a + b × 903 – 2 × s)
= Exp(3.5939 + -0.0011 × 903 – 2 × 0.1404)
= Exp(2.3112)
= $10.09
July 6, 2023 calculations
Top border of price channel:
Exp(Y992)
= Exp(a + b × X992 + 2 × s)
= Exp(a + b × 1,441 + 2 × s)
= Exp(3.5939 + -0.0011 × 1,441 + 2 × 0.1404)
= Exp(2.2758)
= $9.74
Bottom border of price channel:
Exp(Y992)
= Exp(a + b × X992 – 2 × s)
= Exp(a + b × 1,441 – 2 × s)
= Exp(3.5939 + -0.0011 × 1,441 – 2 × 0.1404)
= Exp(1.7143)
= $5.55
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 33.30% per annum.
- PUMP price at the close of July 25, 2024 was $8.83 and was higher than the top border of the primary price channel by $2.48 (39.03%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: June 22, 2022
End date: July 25, 2024
a = 2.4097
b = -0.0002
s = 0.1287
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -5.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1287) – 1
= 67.35%
June 22, 2022 calculations
Top border of price channel:
Exp(Y732)
= Exp(a + b × X732 + 2 × s)
= Exp(a + b × 1,062 + 2 × s)
= Exp(2.4097 + -0.0002 × 1,062 + 2 × 0.1287)
= Exp(2.5042)
= $12.23
Bottom border of price channel:
Exp(Y732)
= Exp(a + b × X732 – 2 × s)
= Exp(a + b × 1,062 – 2 × s)
= Exp(2.4097 + -0.0002 × 1,062 – 2 × 0.1287)
= Exp(1.9893)
= $7.31
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(2.4097 + -0.0002 × 1,826 + 2 × 0.1287)
= Exp(2.3870)
= $10.88
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.4097 + -0.0002 × 1,826 – 2 × 0.1287)
= Exp(1.8720)
= $6.50
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 5.45% per annum.
- PUMP price at the close of July 25, 2024 was inside the secondary price channel.