Stock Analysis on Net

Air Products & Chemicals Inc. (NYSE:APD)

This company has been moved to the archive! The financial data has not been updated since August 9, 2021.

Stock Price Trends


Summary

Key facts

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 13.89% per annum.
  • APD price at the close of August 9, 2021 was $275.75 and was higher than the top border of the primary price channel by $4.32 (1.59%). This indicates a possible reversal in the primary trend direction.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 16.00% per annum.
  • APD price at the close of August 9, 2021 was lower than the bottom border of the secondary price channel by $1.55 (0.56%). This indicates a possible reversal in the secondary trend direction.
  • 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 APD 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: July 9, 2020
End date: March 25, 2021

a = 6.2761

b = -0.0004

s = 0.0377

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -13.89%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0377) – 1
= 16.29%

July 9, 2020 calculations

Top border of price channel:

Exp(Y984)
= Exp(a + b × X984 + 2 × s)
= Exp(a + b × 1,429 + 2 × s)
= Exp(6.2761 + -0.0004 × 1,429 + 2 × 0.0377)
= Exp(5.7660)
= $319.25

Bottom border of price channel:

Exp(Y984)
= Exp(a + b × X984 – 2 × s)
= Exp(a + b × 1,429 – 2 × s)
= Exp(6.2761 + -0.0004 × 1,429 – 2 × 0.0377)
= Exp(5.6151)
= $274.53

March 25, 2021 calculations

Top border of price channel:

Exp(Y1,163)
= Exp(a + b × X1,163 + 2 × s)
= Exp(a + b × 1,688 + 2 × s)
= Exp(6.2761 + -0.0004 × 1,688 + 2 × 0.0377)
= Exp(5.6598)
= $287.10

Bottom border of price channel:

Exp(Y1,163)
= Exp(a + b × X1,163 – 2 × s)
= Exp(a + b × 1,688 – 2 × s)
= Exp(6.2761 + -0.0004 × 1,688 – 2 × 0.0377)
= Exp(5.5089)
= $246.89

Description

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 13.89% per annum.
  • APD price at the close of August 9, 2021 was $275.75 and was higher than the top border of the primary price channel by $4.32 (1.59%). This indicates a possible reversal in the primary trend direction.

Secondary Trend

Start date: November 12, 2020
End date: August 6, 2021

a = 4.9512

b = 0.0004

s = 0.0342

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 16.00%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0342) – 1
= 14.65%

November 12, 2020 calculations

Top border of price channel:

Exp(Y1,073)
= Exp(a + b × X1,073 + 2 × s)
= Exp(a + b × 1,555 + 2 × s)
= Exp(4.9512 + 0.0004 × 1,555 + 2 × 0.0342)
= Exp(5.6520)
= $284.85

Bottom border of price channel:

Exp(Y1,073)
= Exp(a + b × X1,073 – 2 × s)
= Exp(a + b × 1,555 – 2 × s)
= Exp(4.9512 + 0.0004 × 1,555 – 2 × 0.0342)
= Exp(5.5153)
= $248.46

August 6, 2021 calculations

Top border of price channel:

Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,822 + 2 × s)
= Exp(4.9512 + 0.0004 × 1,822 + 2 × 0.0342)
= Exp(5.7606)
= $317.52

Bottom border of price channel:

Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,822 – 2 × s)
= Exp(4.9512 + 0.0004 × 1,822 – 2 × 0.0342)
= Exp(5.6239)
= $276.96

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 16.00% per annum.
  • APD price at the close of August 9, 2021 was lower than the bottom border of the secondary price channel by $1.55 (0.56%). This indicates a possible reversal in the secondary trend direction.
Stock Price Trends

Check current APD price trends.

Visit our new 1,500-company website