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

Prev. Co.	Contents IR\|Predictions\|Cyclical\|Support\|Risk\|Politics\|Bernoulli\|Candle	Next Co.

A well known sentiment indicator is the NVI or Negative Volume Index for Ingersoll-Rand Company Limited. This modern version makes use of 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:

In its modern form, the NVI is an elegant indicator, but requires some care in interpretation. 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".

Prev. Co.		Next Co.

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.

Prev. Co.		Next Co.

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.

Prev. Co.		Next Co.

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

Back to IR 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 2008 by Hybrid Technical

Next Chapter 1:

This look at Ingersoll-Rand Company Limited begins with a Classical Time Series Analysis of the historical stock prices, providing a vantage point over patterns that will be explored in greater detail in the following chapters.