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


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



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Week-end Altitude of Plum Creek Timber Co. Inc.

For Plum Creek Timber Co. Inc., the Negative Volume Index is a well known indicator for market sentiment. 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).





What to look for in an NVI plot for Plum Creek Timber Co. 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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Negative Volume Index (Fosback NVI) of Plum Creek Timber Co. Inc.

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 Plum Creek Timber Co. Inc. covers the few years before the start of the chart at the top of the page.




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PCL: Weekly Average Closing Altitude

Values above the midline indicate that day traders have positive feelings toward PCL while traces below the midline are a sign that speculators are afraid to hold on to the issue overnight. Plum Creek Timber Co. Inc. stock prices are shown in red.






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PCL: Daily Up Volume vs Down Volume

Here the blue indicates the proportion between Up Volume and Down Volume. Again, the horizontal blue line represents the neutral point. Plum Creek Timber Co. 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 Plum Creek Timber Co. Inc.

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

Public Pages : More PCL Technical Analysis Chalk-Talk Subjects

PCL Price Forecasts

PCL Traditional Time Series Analysis

Momentum Investing

Multi-Spectral Analysis

Political Season Trends PCL

PCL Transaction Volume Trends

PCL Analysis of Short Term and Long Term Risk

PCL Calendar Seasonality

Back to PCL 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:

The Classical Analysis of Time Series establishes a good starting point in the analysis, and provides a high vantage point for viewing patterns of behaviour in the prices over the entire history of Plum Creek Timber Co. Inc..


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