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| Volume Stratification Analysis begins with the concept of the Volumetric Profile. This Profile is simply the cumulative volume over the history of the stock, distributed according to price range. The red bar marks the price range corresponding to the current price of NKE shares. |
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Blue bars depict the Volumetric Profile for various price levels of Nike Footwear. The thick orange line is the Volumetric Price and the maroon line is the Secular Price. The Volumetric average at $21 is below the Secular average at $22. This is a very un-usual condition. A few layers of volumetric turbulence exist that could provide support on the downside. The most significant of these is found around $23. |
| Support Level ID | Price Range | Peak Magnitude |
| 1 | $64.00 - $64.99 | 0.85 |
| 2 | $50.00 - $50.99 | 1.06 |
| 3 | $39.00 - $39.99 | 1.87 |
| 4 | $23.00 - $23.99 | 2.88 |
| Looking above today's price, there no significant resistance level to act as a ceiling on upward movement. |
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| Horizontal maroon lines indicate Negative Volumetric Peaks. Price intervals with these characteristics are often associated with gaps, although they sometimes operate as support levels. Quarterly and yearly turn-arounds are circled. $10 is the most significant of several valleys (i.e. negative peaks) in today's profile underneath the current price for NKE. |
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| Here, the horizontal lines mark the points of Maximum Negative Slope in the Volumetric Profile. These strata are known to act as resistance levels against upward movement, and are sometimes associated with yearly and quarterly tops. Also, as is typical of resistance levels, they may do double duty as support, but that is not the typical case. |
For Members: Deeper Analysis, with Price Predictions for NKE Common Stock |
| Friday, March 12, 2010: We have news on ConAgra Foods, Inc., ticker symbol CAG. Signs of an over-bought condition have become noticable. Also, there are breaking events concerning Fluor Corporation (NEW) and Amgen, Inc.. From the News Archive: (3/11/2010 ) Favorable events happened at Walgreen Company, Zimmer Holdings, Inc., and GameStop Corp.. Meanwhile, bad news came from Southwestern Energy Company. |