Chapter X: Technical Analysis discovers the range of moods of investors toward JAVA.

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

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One commonly consulted gauge of the mood of the market for Sun Microsystems, Inc. is the Negative Volume Index. Here the Indicator Plot is the Calibrated NVI which incorporates 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).

How to read the Calibrated NVI for Sun Microsystems, Inc.:

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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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 Sun Microsystems, Inc. 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 JAVA while traces below the midline are a sign that speculators are afraid to hold on to the issue overnight. Sun Microsystems, Inc. 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. Sun Microsystems, Inc. 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 Sun Microsystems, Inc.

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

Public Pages : More JAVA Technical Analysis Chalk-Talk Subjects

JAVA Price Forecasts

JAVA Traditional Time Series Analysis

Momentum Investing

Multi-Spectral Analysis

Political Season Trends JAVA

JAVA Transaction Volume Trends

JAVA Analysis of Short Term and Long Term Risk

JAVA Calendar Seasonality

Back to JAVA Index Page

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Next Chapter 1:

This look at Sun Microsystems, Inc. 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.