Stock Analysis on Net

Ecolab Inc. (NYSE:ECL)

This company has been moved to the archive! The financial data has not been updated since February 25, 2022.

Stock Price Trends


Summary

Key facts

  • The primary trend is increasing.
  • The growth rate of the primary trend is 6.33% per annum.
  • ECL price at the close of February 25, 2022 was $180.30 and was lower than the bottom border of the primary price channel by $13.63 (7.03%). This indicates a possible reversal in the primary trend direction.
  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 86.71% per annum.
  • ECL price at the close of February 25, 2022 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 ECL 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: March 28, 2019
End date: February 25, 2022

a = 5.0947

b = 0.0002

s = 0.0671

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 6.33%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0671) – 1
= 30.76%

March 28, 2019 calculations

Top border of price channel:

Exp(Y524)
= Exp(a + b × X524 + 2 × s)
= Exp(a + b × 759 + 2 × s)
= Exp(5.0947 + 0.0002 × 759 + 2 × 0.0671)
= Exp(5.3565)
= $211.99

Bottom border of price channel:

Exp(Y524)
= Exp(a + b × X524 – 2 × s)
= Exp(a + b × 759 – 2 × s)
= Exp(5.0947 + 0.0002 × 759 – 2 × 0.0671)
= Exp(5.0883)
= $162.12

February 25, 2022 calculations

Top border of price channel:

Exp(Y1,259)
= Exp(a + b × X1,259 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(5.0947 + 0.0002 × 1,824 + 2 × 0.0671)
= Exp(5.5357)
= $253.59

Bottom border of price channel:

Exp(Y1,259)
= Exp(a + b × X1,259 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(5.0947 + 0.0002 × 1,824 – 2 × 0.0671)
= Exp(5.2675)
= $193.93

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 6.33% per annum.
  • ECL price at the close of February 25, 2022 was $180.30 and was lower than the bottom border of the primary price channel by $13.63 (7.03%). This indicates a possible reversal in the primary trend direction.

Secondary Trend

Start date: December 27, 2021
End date: February 25, 2022

a = 15.2222

b = -0.0055

s = 0.0343

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0055) – 1
= -86.71%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0343) – 1
= 14.72%

December 27, 2021 calculations

Top border of price channel:

Exp(Y1,217)
= Exp(a + b × X1,217 + 2 × s)
= Exp(a + b × 1,764 + 2 × s)
= Exp(15.2222 + -0.0055 × 1,764 + 2 × 0.0343)
= Exp(5.5386)
= $254.31

Bottom border of price channel:

Exp(Y1,217)
= Exp(a + b × X1,217 – 2 × s)
= Exp(a + b × 1,764 – 2 × s)
= Exp(15.2222 + -0.0055 × 1,764 – 2 × 0.0343)
= Exp(5.4012)
= $221.67

February 25, 2022 calculations

Top border of price channel:

Exp(Y1,259)
= Exp(a + b × X1,259 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(15.2222 + -0.0055 × 1,824 + 2 × 0.0343)
= Exp(5.2068)
= $182.52

Bottom border of price channel:

Exp(Y1,259)
= Exp(a + b × X1,259 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(15.2222 + -0.0055 × 1,824 – 2 × 0.0343)
= Exp(5.0695)
= $159.09

Description

  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 86.71% per annum.
  • ECL price at the close of February 25, 2022 was inside the secondary price channel.
Stock Price Trends

Check current ECL price trends.

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