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

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For Ingersoll-Rand Company Limited, the Negative Volume Index is a well known indicator for market sentiment. Here the Indicator Plot is the Calibrated NVI which incorporates several enhancements suggested by Norman Fosback. The plot is the proportion of the daily NVI as compared to the past year's average daily NVI. The plot is orange below the unity line (neutral implication) and green above (bullish).

Interpreting the Calibrated NVI for Ingersoll-Rand Company Limited:

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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Because the NVI operates over a somewhat longer time frame than most technical indicators, it is of interest to track it over a longer period to get a feeling for how it works. This chart for Ingersoll-Rand Company Limited covers the few years before the start of the chart at the top of the page.

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Values above the midline indicate that day traders have positive feelings toward IR while traces below the midline are a sign that speculators are afraid to hold on to the issue overnight. Ingersoll-Rand Company Limited stock prices are shown in red.

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Here the blue indicates the proportion between Up Volume and Down Volume. Again, the horizontal blue line represents the neutral point. Ingersoll-Rand Company Limited 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 Ingersoll-Rand Company Limited

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

Public Pages : More IR Technical Analysis Chalk-Talk Subjects

IR Price Forecasts

IR Traditional Time Series Analysis

Momentum Investing

Multi-Spectral Analysis

Political Season Trends IR

IR Transaction Volume Trends

IR Analysis of Short Term and Long Term Risk

IR Calendar Seasonality

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Next Chapter 1:

Ingersoll-Rand Company Limited historical prices are subjected to old fashioned Classical Time Series Analysis in this section. Patterns that emerge here will be a starting point for more detailed analysis.