The academic literature has been reluctant to accept technical analysis as a rational strategy of traders in financial markets. In practice traders and analysts heavily use technical analysis to make investment decisions. To resolve this incongruence the aim of this study is to translate...

In an efficient market, technical analysis cannot earn abnormal returns. Technical strategies are inferior to a buy and hold strategy since they typically churn investor accounts. Nonetheless, technical analysis appears to thrive. The purpose of this paper is to explain why technical analysis...

This paper demonstrates that crude estimators can correctly identify statistically significant technical patterns in major index data. The introduction of intra-day prices significantly improves a crude estimators’ ability to identify technical barriers. Double tops are associated with...

Magistro baigiamajame darbe suformuluotos akcijų portfelio formavimo ir valdymo problemos, išanalizuoti fundamentalios ir techninės analizės metodų taikymo principai, susisteminti įvairių Lietuvos ir užsienio autorių teoriniai ir praktiniai vertybinių popierių portfelio valdymo...

Swingtum stands for Swing and Momentum. A Swingtum Theory of Intelligent Finance is presented here in order to provide a scientific and engineering foundation to professional swing trading and momentum trading. The origins of Swingtum theory naturally go deep into the empirical professional...

ENGLISH ABSTRACT: Empirical research is done to determine whether trading strategies based on technical analysiscan outperform a naive buy-and-hold strategy. A study is made of classical and contemporaryacademic literature. The central investigation is threefold. Firstly, the degree of...

This paper studies the profitability of applying technical analysis that signals the entry and exit from the stock market in three Chinese stock markets - the Shanghai, Hong Kong and Taiwan Stock Exchanges. The Simple Moving Average (MA) and its extensions, Exponential MA, Dual MA, Triple MA,...

Technical analysis is a technique used by many share traders in their quest to make profits on financial markets. This paper, drawing on qualitative research which focused on non-professional traders, theorizes how the technique represents an extension of the theory of the epistemic consumption...

In an efficient market, technical analysis cannot earn abnormal returns. Technical strategies are inferior to a buy and hold strategy since they typically churn investor accounts. Nonetheless, technical analysis appears to thrive. The purpose of this paper is to explain why technical analysis...

Due to the growing interest of investors in intra-day trading it is necessary to pay even more attention to the analysis of the microstructure of financial markets. This article analyses the behaviour of the exchange rate EUR/USD at short intervals. The base aim of this paper is to verify the...