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In finance, technical analysis is an analysis methodology for analysing and forecasting the direction of prices through the study of past market data, primarily price and volume. [1] As a type of active management , it stands in contradiction to much of modern portfolio theory .
John J. Murphy is an American financial market analyst, and is considered a proponent of inter-market technical analysis, a field pioneered by Michael E.S. Gayed in his 1990 book. [1] He later revised and broadened this book into Technical Analysis of the Financial Markets. [2]
In technical analysis in finance, a technical indicator is a mathematical calculation based on historic price, volume, or (in the case of futures contracts) open interest information that aims to forecast financial market direction. [1] Technical indicators are a fundamental part of technical analysis and are typically plotted as a chart ...
The efficacy of technical analysis is disputed by the efficient-market hypothesis, which states that stock market prices are essentially unpredictable, [5] and research on whether technical analysis offers any benefit has produced mixed results. [6] [7] [8] Technical analysts or chartists are usually less concerned with any of a company's ...
[6] [7] Farrell is considered a pioneer of technical analysis, and he is noted as being the first to incorporate "sentiment analysis" into financial forecasting. [2] [7] [8] In 1970, he was made the first president of what became the CMT Association. [3] [11] [7] [10]
Technical analysis revolves around studying past market data and previous price movements of a stock, currency or other asset in an attempt to determine future price movements.
The STA Diploma in Technical Analysis is a designation in Technical analysis offered by the UK based Society of Technical Analysts [20] (STA). It comprises two sequential examinations. The qualification is accredited by the International Federation of Technical Analysts and the Chartered Institute for Securities & Investment.
In finance, MIDAS (an acronym for Market Interpretation/Data Analysis System) is an approach to technical analysis initiated in 1995 by the physicist and technical analyst Paul Levine, PhD, [1] and subsequently developed by Andrew Coles, PhD, and David Hawkins in a series of articles [2] and the book MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets. [3]