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
ConsolidationNov 20th, 7:54:59 PMSVAStrong consolidation (Improving). $7.48-7.55. Shares: 1,165,599. Time: 8 hours 56 minutes.more
High relative volumeNov 20th, 7:00:34 PMCRISHigh instantaneous volume.more
Running up (confirmed)Nov 20th, 7:52:28 PMINORunning up briskly: +0.04 in 2 hours 18 minutes. Confirmed by volume.more
Running down (confirmed)Nov 20th, 5:02:22 PMEEFTRunning down: -0.08 in 62 minutes 21 seconds. Confirmed by volume.more
Channel breakout (confirmed)Nov 20th, 4:38:41 PMNTGRChannel breakout from $20.19-20.25, 1 hour 44 minutes.more
Channel breakdown (confirmed)Nov 20th, 5:41:12 PMBCSChannel breakdown from $20.28-20.36, 2 hours 33 minutes.more
Channel breakoutNov 20th, 7:58:07 PMSVUChannel breakout from $14.91-15.00, 9 hours 21 minutes.more
Channel breakdownNov 20th, 7:59:48 PMYHOOChannel breakdown from $15.37-15.42, 5 hours 14 minutes.more
Crossed above resistance (confirmed)Nov 20th, 7:52:28 PMINOCrossed above resistance, 1.59, confirmed by volume. Time: 8 hours 12 minutes. Volume: 3,067,820.more
Crossed below support (confirmed)Nov 20th, 4:33:34 PMCAE.CATCrossed below support, 8.43, confirmed by volume. Time: 5 hours. Volume: 782,256.more

See Also

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