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Chapter X: The mood of the market toward KeyCorp show up in the Daily Closing Altitude and other Sentiment Indicators.


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



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Week-end Altitude of KeyCorp

A well known sentiment indicator is the NVI or Negative Volume Index for KeyCorp. This version is includes 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).





How to read the Calibrated NVI for KeyCorp:

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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KEY: Negative Volume Index (Fosback NVI)

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 KeyCorp covers the few years before the start of the chart at the top of the page.




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KEY: Weekly Average Closing Altitude

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






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Daily Up Volume vs Down Volume of KeyCorp

Here the blue indicates the proportion between Up Volume and Down Volume. Again, the horizontal blue line represents the neutral point. KeyCorp 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 KeyCorp

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

Public Pages : More KEY Technical Analysis Chalk-Talk Subjects

KEY Price Forecasts

KEY Traditional Time Series Analysis

Momentum Investing

Multi-Spectral Analysis

Political Season Trends KEY

KEY Transaction Volume Trends

KEY Analysis of Short Term and Long Term Risk

KEY Calendar Seasonality

Back to KEY Index Page


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Next Chapter 1:

Classical Analysis provides a good overview of the data for KeyCorp, and reveals patterns that will be explored with detail in later sections.


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