Search for another Company Symbol?

We see Mixed Investor Sentiment toward The TJX Companies, Inc. - TJX

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


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



Prev. Co. Next Co.
Week-end Altitude of The TJX Companies, Inc.

Negative Volume Index (NVI) is a traditional Sentiment Indicator for The TJX Companies, Inc.. This modern version makes use of 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).





Interpreting the Calibrated NVI for The TJX Companies, 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".




Prev. Co. Next Co.
Negative Volume Index (Fosback NVI) of The TJX Companies, 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 The TJX Companies, Inc. covers the few years before the start of the chart at the top of the page.




Prev. Co. Next Co.
TJX:  Weekly Average Closing Altitude

Weekly average closing altitude was 69.80 percent for the week ending 11/5/2010. 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 TJX 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 8.93. The TJX Companies, Inc. stock prices are shown in red.






Prev. Co. Next Co.
TJX:  Daily Up Volume vs Down Volume

The Volume Portion is low for the latest data at 0.63. Here the blue indicates the proportion between Up Volume and Down Volume. Again, the horizontal blue line represents the neutral point. The TJX Companies, 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.Short term, the slope of this indicator is negative at -0.14.




For Clients: More Market Sentiment Analysis of The TJX Companies, Inc.

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


Companies in the News:

In the news, Friday, February 18, 2011: An unfavorable condition has developed with Aetna Inc., ticker symbol AET. Also, there are breaking events concerning Dollar Tree, Inc. (DLTR) and First Niagara Financial Group Inc. (FNFG)

More TJX Technical Analysis Topics

TJX Price Predictions

Support and Resistance Levels

Politics and Prices of TJX

Japanese Candlestick Analysis

TJX Classical Analysis of Time Series

TJX Historical Volume

TJX Risk-Volatility Analysis

TJX Seasonal Trends

Back to TJX Table of Contents


Information on public pages is delayed. Associates of Hybrid Technical may hold positions in issues covered here. These reports are not to be used for stock-picking or investment decision support. Any such use is strictly prohibited.



Notice: Pages available to the public on this site are for entertainment and academic purposes only. We do not advocate investment in common stock. 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. Charts and concepts are property of Hybrid Technical. All Rights Reserved. All Content is Copyright 2010 by Hybrid Technical

.