Chapter X: Technical Analysis discovers the range of moods of investors toward LXK. |
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| For Lexmark International, Inc., 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). |
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How to read the Calibrated NVI for Lexmark International, Inc.: 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". |
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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 Lexmark International, Inc. covers the few years before the start of the chart at the top of the page. |
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| Weekly average closing altitude was 72.55 percent for the week ending 7/23/2010. Past values of the Closing Altitude indicator are marked by the blue line. The midline represents the 50 percent closing altitude. It indicates closing prices halfway between the high and low prices for the day. Values above the midline indicate that day traders have positive feelings toward LXK while traces below the midline are a sign that speculators are afraid to hold on to the issue overnight. The short-term trend is positive, with a slope of 2.23. Lexmark International, Inc. stock prices are shown in red. |
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| The Volume Portion is low for the latest data at 0.77. Here the blue indicates the proportion between Up Volume and Down Volume. Again, the horizontal blue line represents the neutral point. Lexmark International, 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.The last tic shows an uptrend in the volume portion of 0.02. |
Influence of Investor Sentiment on LXK stock prices. Also, roadmap and Summary of most effective indicators: |
| Thursday, July 29, 2010: We have news on Automatic Data Processing, ticker symbol ADP. A significant moving average event has happened. Also, there are breaking events concerning St. Jude Medical, Inc. and W.W. Grainger, Inc.. From the News Archive: (7/28/2010 ) Favorable events happened at Cummins Inc. and Quest Diagnostics Incorporated. Meanwhile, bad news came from Harris Corporation and MetLife, Inc.. |