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How reliable are different indicators in technical analysis when compared separately and in different combinations?
Mid Sweden University, Faculty of Human Sciences, Department of Business, Economics and Law.
Mid Sweden University, Faculty of Human Sciences, Department of Business, Economics and Law.
2016 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [sv]

Olika studier inom teknisk analys som gjorts under de senaste 20 åren har visat att man kan förutspå framtiden till en viss grad. Den potentiella vinst som metoden kan resultera i är liten och kommissionen från börsmäklare äter upp det mesta av vinsten, vilket i slutändan gör det här verktyget otillräcklig i termer av lönsamhet och tidsåtgång.Resultatet från denna studie överensstämmer delvis med tidigare forskning. Med hjälp av fyra olika indikatorer på fyra korrelerade marknader under en period på två år, resulterade i att tre av fyra indikatorer kunde avvisas som inte tillräckligt lönsamma. Den fjärde indikatorn: trendlinjer (golv och tak) gav en avkastning på strax över 8 %, men är också den indikator som är den mest abstrakta. Trots att de olönsamma indikatorerna i stort sett är värdelösa separat, har det argumenterats huruvida en användning av indikatorerna i kombination kan generera en bättre avkastning.

Abstract [en]

Various studies about technical analysis done in the last 20 years show that a trader can predict the future using this method, but not to yield a good profit. The commission taken by the Stockbroker reduce most of the profit, which ultimately makes this tool not profitable enough considering the time one have to spend on using it.The result of this study partially concurs with previous researchers. Using four different indicators on four different correlated markets over a period of two years gave a result, which concluded that three out of four indicators could be rejected as not profitable enough. The fourth indicator: support and resistance gave a yield of just above 8%, but it is also this indicator that is the most abstract one. Despite the fact that the unprofitable indicators are useless separately, assumptions about using them together to make profitable trades have been argued for.

Place, publisher, year, edition, pages
2016. , 45 p.
Keyword [en]
Technical analysis, Moving Average, Candle Pattern Analysis, Stochastic Oscillator, Support and Resistance.
Keyword [sv]
Technical analysis, Moving Average, Candle Pattern Analysis, Stochastic Oscillator, Support and Resistance.
National Category
Business Administration
Identifiers
URN: urn:nbn:se:miun:diva-27618OAI: oai:DiVA.org:miun-27618DiVA: diva2:926982
Subject / course
Business Administration FE1
Supervisors
Examiners
Available from: 2016-05-10 Created: 2016-05-10 Last updated: 2016-05-10Bibliographically approved

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