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Sentiment Analysis based on Historical Prices and Volumes of ALL common stock.



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ALL: Week-end Altitude

A well known sentiment indicator is the NVI or Negative Volume Index for The Allstate Corporation. This version is includes several enhancements added by Norman Fosback. The indicator is the proportion of the daily NVI as compared to the average daily NVI over the past year. The plot is orange below the unity line (neutral implication) and green above (bullish).





Interpreting the Calibrated NVI for The Allstate Corporation:

The NVI is an elegant indicator based on sound principles but it should not be interpreted in a simplistic manner. The orange plot (NVI less than unity) is not considered bearish because a lowering of the NVI is a natural tendancy under many market conditions. When the plot is in the green area, it indicates that prices are rising on low volume sessions, which is contrary to the normal condition. This can be a tip off to "accumulation behaviour" on the part of someone or some group in the market. The indicator seems most significant when prices are falling and the NVI is rising, which indicates a market that is "buying on the dips".




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Negative Volume Index (Fosback NVI) of The Allstate Corporation

The NVI resembles a fundamental indicator more than a technical indicator in at least one respect, as it seems to be indicative over a span of months or quarters, rather then the extremely short predictive span typical of many technical signals. This chart for The Allstate Corporation covers the few years before the start of the chart at the top of the page.




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Weekly Average Closing Altitude of The Allstate Corporation

Values above the midline indicate that day traders have positive feelings toward ALL while traces below the midline are a sign that speculators are afraid to hold on to the issue overnight. The Allstate Corporation stock prices are shown in red.






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Daily Up Volume vs Down Volume of The Allstate Corporation

Here the blue indicates the proportion between Up Volume and Down Volume. Again, the horizontal blue line represents the neutral point. The Allstate Corporation share prices are overlaid in red. This is an important indicator for market timing, as a change in direction of the volume line may happen before the price turns.




For Clients: More Market Sentiment Analysis of The Allstate Corporation

Influence of Investor Sentiment on ALL stock prices. Also, roadmap and Summary of most effective indicators:

Public Pages : More ALL Technical Analysis Chalk-Talk Subjects

ALL Price Forecasts

ALL Traditional Time Series Analysis

Moving Averages and MACD Indicators

Multi-Spectral Analysis

Political Season Trends ALL

ALL Transaction Volume Trends

ALL Analysis of Short Term and Long Term Risk

ALL Calendar Seasonality

Back to ALL Index Page


Associates of Hybrid Technical may hold positions in issues covered here. Material in publicly viewable areas has been been delayed. These reports are not to be used for stock-picking or investment decision support. Any such use is strictly prohibited.


We do not recommend the purchase or sale of this or any other issue. Research shows that most people who invest in common stock will lose money. We do not advocate speculation in mutual funds or index funds. Pages on this site are for entertainment and academic purposes only. Charts and concepts are property of Hybrid Technical. All Rights Reserved. Content is Copyright 2010 by Hybrid Technical




Next Chapter 1:

An introductory chapter looks at the price history of ALL by applying Classical Time Series Analysis. Some of the patterns seen here will prove to be important in further analysis.


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