Rockwell Automation Inc (ROK)
Rockwell Automation, Inc. is an American provider of industrial automation and information technology. Its brands include Allen-Bradley and Factory Talk software.
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 10.42% per annum.
- ROK price at the close of April 29, 2025 was $247.65 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 0.25% per annum.
- ROK price at the close of April 29, 2025 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 ROK 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: June 2, 2023
End date: November 5, 2024
a = 6.0418
b = -0.0003
s = 0.0510
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -10.42%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0510) – 1
= 22.63%
June 2, 2023 calculations
Top border of price channel:
Exp(Y778)
= Exp(a + b × X778 + 2 × s)
= Exp(a + b × 1,128 + 2 × s)
= Exp(6.0418 + -0.0003 × 1,128 + 2 × 0.0510)
= Exp(5.8038)
= $331.57
Bottom border of price channel:
Exp(Y778)
= Exp(a + b × X778 – 2 × s)
= Exp(a + b × 1,128 – 2 × s)
= Exp(6.0418 + -0.0003 × 1,128 – 2 × 0.0510)
= Exp(5.5998)
= $270.38
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,137)
= Exp(a + b × X1,137 + 2 × s)
= Exp(a + b × 1,650 + 2 × s)
= Exp(6.0418 + -0.0003 × 1,650 + 2 × 0.0510)
= Exp(5.6465)
= $283.30
Bottom border of price channel:
Exp(Y1,137)
= Exp(a + b × X1,137 – 2 × s)
= Exp(a + b × 1,650 – 2 × s)
= Exp(6.0418 + -0.0003 × 1,650 – 2 × 0.0510)
= Exp(5.4425)
= $231.02
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 10.42% per annum.
- ROK price at the close of April 29, 2025 was $247.65 and was inside the primary price channel.
Secondary Trend
Start date: September 11, 2023
End date: March 27, 2025
a = 5.5998
b = 0.0000
s = 0.0507
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 0.25%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0507) – 1
= 22.48%
September 11, 2023 calculations
Top border of price channel:
Exp(Y846)
= Exp(a + b × X846 + 2 × s)
= Exp(a + b × 1,229 + 2 × s)
= Exp(5.5998 + 0.0000 × 1,229 + 2 × 0.0507)
= Exp(5.7097)
= $301.79
Bottom border of price channel:
Exp(Y846)
= Exp(a + b × X846 – 2 × s)
= Exp(a + b × 1,229 – 2 × s)
= Exp(5.5998 + 0.0000 × 1,229 – 2 × 0.0507)
= Exp(5.5070)
= $246.41
March 27, 2025 calculations
Top border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 + 2 × s)
= Exp(a + b × 1,792 + 2 × s)
= Exp(5.5998 + 0.0000 × 1,792 + 2 × 0.0507)
= Exp(5.7137)
= $302.98
Bottom border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 – 2 × s)
= Exp(a + b × 1,792 – 2 × s)
= Exp(5.5998 + 0.0000 × 1,792 – 2 × 0.0507)
= Exp(5.5109)
= $247.38
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 0.25% per annum.
- ROK price at the close of April 29, 2025 was inside the secondary price channel.