Statistical Analysis


Statistical analysis refers to a collection of methods used to process large amounts of data and report overall trends.  Statistical analysis is particularly useful when dealing with noisy data.  Statistical analysis provides ways to objectively report on how unusual an event is based on historical data.

Our server uses statistical analysis to examine the tremendous amount of data produced every day by the stock market.  We usually prefer statistical analysis to more traditional forms of technical analysis because statistical analysis makes use of every print.  Candlesticks, by comparison, throw away an arbitrary number of prints before the analysis starts.

Candlesticks, point and figure charts, and other traditional forms of technical analysis were designed long ago.  They were specifically created for people who were analyzing the data by hand.  Statistical analysis looks at more data, and typically requires a computer.

Alert Types

We offer the following alert types which are related to this topic.  Click on the icon for a detailed description of the alert, or click on the "more" link for additional examples of each type of alert.

Type Recent Examples More Examples
Time (NY) Symbol Message
ConsolidationMar 19th, 7:34:16 PMVNQConsolidation (Decaying). $49.05-49.17. Shares: 1,066,219. Time: 6 hours 10 minutes.more
High relative volumeMar 19th, 6:20:55 PMPREHigh instantaneous volume.more
Running up (confirmed)Mar 19th, 4:55:20 PMOIHRunning up briskly: +3.45 in 58 minutes 7 seconds. Confirmed by volume.more
Running down (confirmed)Mar 19th, 4:45:31 PMMDSORunning down briskly: -0.17 in 45 minutes 28 seconds. Confirmed by volume.more
Channel breakout (confirmed)Mar 19th, 6:20:18 PMSONSChannel breakout from $2.56-2.57, 2 hours 20 minutes.more
Channel breakdown (confirmed)Mar 19th, 4:38:38 PMAGENChannel breakdown from $0.76-0.7601, 2 hours 4 minutes.more
Channel breakoutMar 19th, 8:00:00 PMBQIChannel breakout from $0.77-0.7772, 7 hours 33 minutes.more
Channel breakdownMar 19th, 8:00:00 PMHIGChannel breakdown from $27.26-27.35, 4 hours 24 minutes.more
Crossed above resistance (confirmed)Mar 19th, 6:20:18 PMSONSCrossed above resistance, 2.676, confirmed by volume. Time: 1 day 4 hours. Volume: 4,343,296.more
Crossed below support (confirmed)Mar 19th, 6:58:39 PMTSFGCrossed below support, 0.674, confirmed by volume. Time: 1 day 6 hours. Volume: 9,584,640.more

See Also

Candlestick, Noise, Point and Figure Chart, Print, Standard Deviation, Technical Analysis, Z-Score