Stock Analysis on Net

Eaton Corp. plc (NYSE:ETN)

Stock Price Trends


Summary

Key facts

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 54.42% per annum.
  • ETN price at the close of April 1, 2025 was $276.70 and was inside the primary price channel.
  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 6.69% per annum.
  • ETN price at the close of April 1, 2025 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 ETN 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: November 8, 2024
End date: April 1, 2025

a = 9.5629

b = -0.0022

s = 0.0389

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0022) – 1
= -54.42%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0389) – 1
= 16.85%

November 8, 2024 calculations

Top border of price channel:

Exp(Y1,159)
= Exp(a + b × X1,159 + 2 × s)
= Exp(a + b × 1,681 + 2 × s)
= Exp(9.5629 + -0.0022 × 1,681 + 2 × 0.0389)
= Exp(6.0221)
= $412.43

Bottom border of price channel:

Exp(Y1,159)
= Exp(a + b × X1,159 – 2 × s)
= Exp(a + b × 1,681 – 2 × s)
= Exp(9.5629 + -0.0022 × 1,681 – 2 × 0.0389)
= Exp(5.8664)
= $352.96

April 1, 2025 calculations

Top border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(9.5629 + -0.0022 × 1,825 + 2 × 0.0389)
= Exp(5.7121)
= $302.50

Bottom border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(9.5629 + -0.0022 × 1,825 – 2 × 0.0389)
= Exp(5.5564)
= $258.88

Description

  • The primary trend is decreasing.
  • The decline rate of the primary trend is 54.42% per annum.
  • ETN price at the close of April 1, 2025 was $276.70 and was inside the primary price channel.

Secondary Trend

Start date: February 24, 2025
End date: April 1, 2025

a = 6.0018

b = -0.0002

s = 0.0302

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -6.69%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0302) – 1
= 12.83%

February 24, 2025 calculations

Top border of price channel:

Exp(Y1,229)
= Exp(a + b × X1,229 + 2 × s)
= Exp(a + b × 1,789 + 2 × s)
= Exp(6.0018 + -0.0002 × 1,789 + 2 × 0.0302)
= Exp(5.7229)
= $305.78

Bottom border of price channel:

Exp(Y1,229)
= Exp(a + b × X1,229 – 2 × s)
= Exp(a + b × 1,789 – 2 × s)
= Exp(6.0018 + -0.0002 × 1,789 – 2 × 0.0302)
= Exp(5.6022)
= $271.02

April 1, 2025 calculations

Top border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(6.0018 + -0.0002 × 1,825 + 2 × 0.0302)
= Exp(5.7161)
= $303.70

Bottom border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(6.0018 + -0.0002 × 1,825 – 2 × 0.0302)
= Exp(5.5954)
= $269.18

Description

  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 6.69% per annum.
  • ETN price at the close of April 1, 2025 was inside the secondary price channel.
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