A Review of Technical Analysis as a Tool for Stock Market Forecasting
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Technical analysis is a fundamental analysis that uses historical price charts and various other factors to predict future price movements in the markets. Technical analysis is a type of market analysis that is focused on the price charts of an asset. Unlike fundamental analysis, it focuses on the intrinsic value of an investment. Analyzing a company's balance sheet, profit, and loss account, and cash flow statement is an effective way to evaluate its financial performance, but sometimes it is very time-consuming and not practical for a brief period. Thus most short-term traders rely on Technical Analysis as a tool for stock market trading. This study focus on a review of various recent researches about technical analysis and its applications. This study also extends the multiple assumptions and their validity on which technical analysis.
Keywords
Technical Analysis, Finance, Stock Analysis