Stock Analysis on Net

Linde plc (NASDAQ:LIN)

Stock Price Trends


Summary

Key facts

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 46.87% per annum.
  • LIN price at the close of January 8, 2025 was $420.01 and was inside the primary price channel.
  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 62.58% per annum.
  • LIN price at the close of January 8, 2025 was higher than the top border of the secondary price channel by $0.92 (0.22%). 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 LIN 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: October 14, 2024
End date: January 8, 2025

a = 9.1931

b = -0.0017

s = 0.0156

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0017) – 1
= -46.87%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0156) – 1
= 6.46%

October 14, 2024 calculations

Top border of price channel:

Exp(Y1,198)
= Exp(a + b × X1,198 + 2 × s)
= Exp(a + b × 1,740 + 2 × s)
= Exp(9.1931 + -0.0017 × 1,740 + 2 × 0.0156)
= Exp(6.2098)
= $497.59

Bottom border of price channel:

Exp(Y1,198)
= Exp(a + b × X1,198 – 2 × s)
= Exp(a + b × 1,740 – 2 × s)
= Exp(9.1931 + -0.0017 × 1,740 – 2 × 0.0156)
= Exp(6.1472)
= $467.39

January 8, 2025 calculations

Top border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(9.1931 + -0.0017 × 1,826 + 2 × 0.0156)
= Exp(6.0608)
= $428.71

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(9.1931 + -0.0017 × 1,826 – 2 × 0.0156)
= Exp(5.9982)
= $402.69

Description

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 46.87% per annum.
  • LIN price at the close of January 8, 2025 was $420.01 and was inside the primary price channel.

Secondary Trend

Start date: November 26, 2024
End date: January 8, 2025

a = 10.9299

b = -0.0027

s = 0.0125

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0027) – 1
= -62.58%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0125) – 1
= 5.13%

November 26, 2024 calculations

Top border of price channel:

Exp(Y1,229)
= Exp(a + b × X1,229 + 2 × s)
= Exp(a + b × 1,783 + 2 × s)
= Exp(10.9299 + -0.0027 × 1,783 + 2 × 0.0125)
= Exp(6.1539)
= $470.54

Bottom border of price channel:

Exp(Y1,229)
= Exp(a + b × X1,229 – 2 × s)
= Exp(a + b × 1,783 – 2 × s)
= Exp(10.9299 + -0.0027 × 1,783 – 2 × 0.0125)
= Exp(6.1038)
= $447.57

January 8, 2025 calculations

Top border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(10.9299 + -0.0027 × 1,826 + 2 × 0.0125)
= Exp(6.0381)
= $419.09

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(10.9299 + -0.0027 × 1,826 – 2 × 0.0125)
= Exp(5.9880)
= $398.64

Description

  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 62.58% per annum.
  • LIN price at the close of January 8, 2025 was higher than the top border of the secondary price channel by $0.92 (0.22%). This indicates a possible reversal in the secondary trend direction.
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