Technical analysis is defined as the tracking and prediction of asset price movements using charts and graphs in combination with various mathematical and statistical methods. More precisely, it is the quantitative criteria used in predicting the relative strength of buying and selling forces...

A large universe of technical trading rules applied to a set of technology industry and small cap sector portfolios over the 1995–2010 period yields superior predictability after adjusting for data snooping bias in the first half of the sample period and delivers statistically significant...