Williams Companies Inc (WMB)
The Williams Companies, Inc., is an American energy company based in Tulsa, Oklahoma. Its core business is natural gas processing and transportation, with additional petroleum and electricity generation assets.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 75.31% per annum.
- WMB price at the close of July 25, 2024 was $41.82 and was lower than the bottom border of the primary price channel by $0.61 (1.44%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 57.52% per annum.
- WMB price at the close of July 25, 2024 was lower than the bottom border of the secondary price channel by $0.22 (0.51%). This indicates a possible reversal in the secondary trend direction.
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 WMB 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 16, 2024
End date: July 23, 2024
a = 0.9803
b = 0.0015
s = 0.0205
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 75.31%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0205) – 1
= 8.53%
January 16, 2024 calculations
Top border of price channel:
Exp(Y1,125)
= Exp(a + b × X1,125 + 2 × s)
= Exp(a + b × 1,635 + 2 × s)
= Exp(0.9803 + 0.0015 × 1,635 + 2 × 0.0205)
= Exp(3.5360)
= $34.33
Bottom border of price channel:
Exp(Y1,125)
= Exp(a + b × X1,125 – 2 × s)
= Exp(a + b × 1,635 – 2 × s)
= Exp(0.9803 + 0.0015 × 1,635 – 2 × 0.0205)
= Exp(3.4541)
= $31.63
July 23, 2024 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(0.9803 + 0.0015 × 1,824 + 2 × 0.0205)
= Exp(3.8267)
= $45.91
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(0.9803 + 0.0015 × 1,824 – 2 × 0.0205)
= Exp(3.7448)
= $42.30
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 75.31% per annum.
- WMB price at the close of July 25, 2024 was $41.82 and was lower than the bottom border of the primary price channel by $0.61 (1.44%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 13, 2024
End date: July 25, 2024
a = 1.4994
b = 0.0012
s = 0.0170
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 57.52%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0170) – 1
= 7.02%
March 13, 2024 calculations
Top border of price channel:
Exp(Y1,165)
= Exp(a + b × X1,165 + 2 × s)
= Exp(a + b × 1,692 + 2 × s)
= Exp(1.4994 + 0.0012 × 1,692 + 2 × 0.0170)
= Exp(3.6396)
= $38.08
Bottom border of price channel:
Exp(Y1,165)
= Exp(a + b × X1,165 – 2 × s)
= Exp(a + b × 1,692 – 2 × s)
= Exp(1.4994 + 0.0012 × 1,692 – 2 × 0.0170)
= Exp(3.5717)
= $35.58
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(1.4994 + 0.0012 × 1,826 + 2 × 0.0170)
= Exp(3.8064)
= $44.99
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.4994 + 0.0012 × 1,826 – 2 × 0.0170)
= Exp(3.7385)
= $42.04
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 57.52% per annum.
- WMB price at the close of July 25, 2024 was lower than the bottom border of the secondary price channel by $0.22 (0.51%). This indicates a possible reversal in the secondary trend direction.