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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
ConsolidationJul 23rd, 3:22:37 PMTVLConsolidation. $6.24-6.29. Shares: 63,512. Time: 76 minutes 14 seconds.more
High relative volumeJul 23rd, 3:22:37 PMTVLHigh relative volume during the last 4 minutes 57 seconds.more
Running up (confirmed)Jul 23rd, 3:22:37 PMMRTNRunning up briskly: +0.65 in 1 hour 31 minutes. Confirmed by volume.more
Running down (confirmed)Jul 23rd, 3:22:37 PMPBHRunning down: -0.19 in 21 minutes 44 seconds. Confirmed by volume.more
Channel breakout (confirmed)Jul 23rd, 3:20:27 PMT.CATChannel breakout from $38.88-38.94, 61 minutes 15 seconds.more
Channel breakdown (confirmed)Jul 23rd, 3:22:07 PMSMBLChannel breakdown from $7.23-7.25, 58 minutes 22 seconds.more
Channel breakoutJul 23rd, 3:22:35 PMIBIChannel breakout from $16.17-16.26, 5 hours 7 minutes.more
Channel breakdownJul 23rd, 3:22:23 PMACLChannel breakdown from $160.15-160.51, 50 minutes 51 seconds.more
Crossed above resistance (confirmed)Jul 23rd, 3:21:52 PMPAYDCrossed above resistance, 0.25, confirmed by volume. Time: 5 days 5 hours. Volume: 431,576.more
Crossed below support (confirmed)Jul 23rd, 3:22:09 PMCAS.CATCrossed below support, 5.381, confirmed by volume. Time: 5 days 23 hours. Volume: 742,812.more

See Also

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

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