Technical analysis focuses on the price movements, trends, and volume of securities rather than their intrinsic value, using historical data and patterns to identify entry and exit points. Common techniques include analyzing charts like candlestick patterns, identifying support and resistance levels, determining upward and downward trends, and using indicators like moving averages, MACD, and stochastic oscillators to identify overbought and oversold conditions. The goal is to predict future price movements based on the collective actions of investors driving supply and demand.
QNBFS Daily Technical Trader - Qatar for February 25, 2018 التحليل الفني اليو...Aicha El-Mamy
The Index closed slightly down last Thursday; weakness was the main characteristic of the Index in the past week and could
continue in the coming week. Volumes have dropped significantly and testing the 9,000 support is a very possible scenario.
Technical analysis is a method of evaluating securities by analyzing the statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity
QNBFS Daily Technical Trader - Qatar for February 25, 2018 التحليل الفني اليو...Aicha El-Mamy
The Index closed slightly down last Thursday; weakness was the main characteristic of the Index in the past week and could
continue in the coming week. Volumes have dropped significantly and testing the 9,000 support is a very possible scenario.
Technical analysis is a method of evaluating securities by analyzing the statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity
QNBFS Daily Technical Trader - Qatar for October 18, 2018 التحليل الفني اليوم...QNB Group
The Index managed to break above the 10,000 major psychological level on relatively higher volumes; the main trend remains up and as a result, we expect the Index to continue with its rally.
QNBFS Daily Technical Trader - Qatar for November 28, 2018 التحليل الفني اليو...QNB Group
The trend has been up on the Index and seems to be intact. Corrections are possible and can be used to add positions. A solid breakout above the 10,360 would take the index to the 10,550-10,600 levels.
QNBFS Daily Technical Trader - Qatar for February 25, 2018 التحليل الفني اليو...Aicha El-Mamy
The Index started the week on a weaker note, which is
expected on Sundays; volumes have dropped also for the same reason. We remain cautious on the next move; the only light we
see at the end of the tunnel is the MACD indicator, being above the zero line.
QNBFS Daily Technical Trader - Qatar for July 23 2018 التحليل الفني اليومي لب...QNB Group
The General Index started the week with the expected correction; it dipped 1.27% from last Thursday’s close through the trading session but managed to regain some of the lost grounds.
QNBFS Daily Technical Trader - Qatar for October 11, 2018 التحليل الفني اليوم...QNB Group
Even though there is no correlation between our Index and the US market (the correlation between QSE General Index and the S&P500 Index is 0.05 as per Bloomberg), the sharp plunge which took place in the US market in yesterday’s session trickled down to Asia this morning and may continue with its short-term effect in the region and our market.
QNBFS Daily Technical Trader - Qatar for April 10, 2018 التحليل الفني اليومي ...QNB Group
The Index ended Monday’s session with a strong, and positive, move. We remain optimistic and we are watching the 9,000 level closely; a breakout above the mentioned level means further upside would be expected.
QNBFS Daily Technical Trader - Qatar for March 18, 2018 التحليل الفني اليومي ...Aicha El-Mamy
The Index managed to penetrate above the flag continuation pattern last Thursday; it looks positive over the coming session and in the medium term. That been said, it should cross above the psychological level of 9,000 to be on the safe side.
QNBFS Daily Technical Trader - Qatar for April 26, 2018 التحليل الفني اليومي ...QNB Group
The Index closed slightly in
the green; no significant
change impacted our outlook.
We remain positive and we
see possible corrections
against the trend.
QNBFS Daily Technical Trader Qatar - November 11, 2021 التحليل الفني اليومي ل...QNB Group
The QE Index managed to close at our expected, 12,000 points, resistance level Our thesis remains generally positive as the major trend remains up and the Index is at its six-year-high level.
QNBFS Daily Technical Trader - Qatar for February 07, 2018 التحليل الفني اليو...Aicha El-Mamy
The Index was down another session, but there is a light at the end of the tunnel. Indecision among market participants has
been noticed with the creation of a long-legged, neutral candlestick which has been created in the past session. Such neutral stance after a sharp drop exhibits the strength of recent buying power that came in lately and neutralized the selling pressure. This could be the start of recovery.
QNBFS Daily Technical Trader - Qatar for October 18, 2018 التحليل الفني اليوم...QNB Group
The Index managed to break above the 10,000 major psychological level on relatively higher volumes; the main trend remains up and as a result, we expect the Index to continue with its rally.
QNBFS Daily Technical Trader - Qatar for November 28, 2018 التحليل الفني اليو...QNB Group
The trend has been up on the Index and seems to be intact. Corrections are possible and can be used to add positions. A solid breakout above the 10,360 would take the index to the 10,550-10,600 levels.
QNBFS Daily Technical Trader - Qatar for February 25, 2018 التحليل الفني اليو...Aicha El-Mamy
The Index started the week on a weaker note, which is
expected on Sundays; volumes have dropped also for the same reason. We remain cautious on the next move; the only light we
see at the end of the tunnel is the MACD indicator, being above the zero line.
QNBFS Daily Technical Trader - Qatar for July 23 2018 التحليل الفني اليومي لب...QNB Group
The General Index started the week with the expected correction; it dipped 1.27% from last Thursday’s close through the trading session but managed to regain some of the lost grounds.
QNBFS Daily Technical Trader - Qatar for October 11, 2018 التحليل الفني اليوم...QNB Group
Even though there is no correlation between our Index and the US market (the correlation between QSE General Index and the S&P500 Index is 0.05 as per Bloomberg), the sharp plunge which took place in the US market in yesterday’s session trickled down to Asia this morning and may continue with its short-term effect in the region and our market.
QNBFS Daily Technical Trader - Qatar for April 10, 2018 التحليل الفني اليومي ...QNB Group
The Index ended Monday’s session with a strong, and positive, move. We remain optimistic and we are watching the 9,000 level closely; a breakout above the mentioned level means further upside would be expected.
QNBFS Daily Technical Trader - Qatar for March 18, 2018 التحليل الفني اليومي ...Aicha El-Mamy
The Index managed to penetrate above the flag continuation pattern last Thursday; it looks positive over the coming session and in the medium term. That been said, it should cross above the psychological level of 9,000 to be on the safe side.
QNBFS Daily Technical Trader - Qatar for April 26, 2018 التحليل الفني اليومي ...QNB Group
The Index closed slightly in
the green; no significant
change impacted our outlook.
We remain positive and we
see possible corrections
against the trend.
QNBFS Daily Technical Trader Qatar - November 11, 2021 التحليل الفني اليومي ل...QNB Group
The QE Index managed to close at our expected, 12,000 points, resistance level Our thesis remains generally positive as the major trend remains up and the Index is at its six-year-high level.
QNBFS Daily Technical Trader - Qatar for February 07, 2018 التحليل الفني اليو...Aicha El-Mamy
The Index was down another session, but there is a light at the end of the tunnel. Indecision among market participants has
been noticed with the creation of a long-legged, neutral candlestick which has been created in the past session. Such neutral stance after a sharp drop exhibits the strength of recent buying power that came in lately and neutralized the selling pressure. This could be the start of recovery.
Axis Direct offers a introductory course on Technical Analysis. It will cover the background and basic aspects of technical analysis
For more information visit :
https://simplehai.axisdirect.in/learn/eclasses
This presentation is for folks who wants to understand the 101 of stock trading. Most of the information is available online in the mentioned reference websites.
An overview of technical analysis and its common techniques (Candlestick , MACD, Parabolic SAR, RSI, Bolinger Bands etc) - given to brokers and managers of Nepal Derivative Exchange (NDEX) by Mr. Sohan Khatri (Resource person - Management Association of Nepal, Adjunct Faculty - Ace Institute of Management, Kathmandu College of Management)
Technical analysis has been used by traders, analysts, and investors for centuries and has achieved broad acceptance among regulators and the academic community—particularly with regard to its behavioral finance aspects. This reading gives a brief overview of the field, compares technical analysis with other schools of analysis, and describes some of the main tools used in technical analysis. Although technical analysis follows predefined rules and principles, the interpretation of results is generally subjective. That is, although certain aspects, such as the calculation of indicators, follow specific rules, the interpretation of findings is often based on a melding of techniques that suit the style and approach of the individual analyst. In this respect, technical analysis is similar to fundamental analysis, which has specific rules for calculating ratios, for example, but introduces increased subjectivity in the evaluation phase.
2. What is Technical Analysis?
Fundamental Analysis:
• Valuate company using past performances, financial
status, and future growth.
• The key is to find undervalued stock
Technical Analysis
• Intrinsic value of company does not matter; it’s what
investors are willing to pay
• Observe behaviors within the market
• Past occurrences can predict future actions
3. What we look at
Fundamental Analysis: net income, cash, cash flow,
growth etc.
Technical Analysis: price and volume.
Price : how much it’s worth in the market, its movement
over time
Volume: the strength of movement. When the price goes
up, is it because lots of people start moving into the
market? Or is there already lots of people in it?
4. Charts – Candlesticks
• Started in Japan in 1700s for rice trade
• There’s a link between price and supply & demand of rice BUT
there’s also the emotions of traders.
• Thus, there’s a difference between the price and the value of rice
caused by trader emotions.
• The candlestick chart analysis measures the market emotions.
• Thus, reflect the short-term outlooks
6. Charts – Candlesticks
• Long body –
• Price of stock was in wide range during trading
session
• Open near low/high and closed near high/low of day
• Tells us… bearish or bullish
• Small body –
• Price of stock varied but…
• Open and closed near the same price
• Is neutral or indecisive of market
7. Charts – Candlesticks
• Look at the trend of the market preceding the
pattern
• Hanging Man – when it is after a rally, it can
suggest a beginning of a downward trend.
• Lower shadow is about 2-3x as long as body
• Little to no upper shadow
• Body is at the upper end of range
• Black body is more bearish than white
8. Charts – Candlesticks
• Lucent Technologies
• 3 days of stock price rising
• Then hanging man appears
• Next day, stock price drops over 20%
From investopedia.com
10. Support & Resistance
Support: a level where buyers are willing to buy; reenter the market
Resistance: More selling than buying, investors believe price too high
Resistance
Support
*There is no definite value of support and resistance level, only a Range of price.*
11. Trend
• a movement in one direction, until there’s a shift in the force of
demand and supply causing the reverse
• doesn’t necessary be a smooth line
15. Moving Averages (MA)
• What’s MA?
• It smooth out price data and observe the general
direction of movement for a stock.
• Types of MA:
• 10-day, 20-day, 50-day, 100-day, 200-day
• Function:
1.Signal to Buy/Sell
2.Support
16. MA – Signal to Buy
• Key: Crossover & Movement
• ST: 10-day MA crosses 20-
day MA Moving
Upwards
• MT: 10-day MA & 50-day MA;
Up
• LT: 10-day MA &100-day MA;
Up
Signal to Buy/Sell Support
17. MA – Signal to Sell
• ST: 10-day MA crosses 20-day
MA Moving Downwards
• MT: 10-day MA & 50-day MA;
Down
• LT: 10-day MA &100-day MA;
Down
• The Longer the Time Frame,
The Stronger the Signal Is
Signal to Buy/Sell Support
18. MA – Example 1: Google (GOOG)
Signal to Buy/Sell Support
19. MA – Example 2: Apple (AAPL)
Signal to Buy/Sell Support
21. MA – Example 4: JSC Tatneft (TNT)
Signal to Buy/Sell Support
22. MA
• What’s MA?
• It smooth out price data and observe the
general direction of movement for a stock.
• Types of MA:
• 10-day, 20-day, 50-day, 100-day, 200-day
• Function:
1.Signal to Buy/Sell
2.Support
Signal to Buy/Sell Support
23. MA – Support
Example: OXPS
•Strong support have been shown
at 10 & 20 MA
•Seldom fell below 50 MA
Signal to Buy/Sell Support
24. MA – Testing Support
Example: AAPL
•Strong support have been shown
at 20 MA
•Seldom fell below 50 MA
•Price fell down the 20 MA
test for 50 MA
•Price fell down the 50 MA
• test for 100 MA
Signal to Buy/Sell Support
25. Oscillators
• Signal the change by comparing rate of change in price action.
Compare to the past, has it move very far away?
• Usually signal overbought and oversold
• be careful: it might just be the beginning of the trend, only use it
in trading in neutral market
• Examples of oscillators used:
-Relative Strength Index (RSI)
-Moving Average Convergence Divergence (MACD)
-Stochastic
etc.
26. Relative Strength Index (RSI)
Measure the buying and selling forces, range between 0 and 100
RSI = 100 - 100/(1 + RS)
RS = Average of x days’ up closes/ Average of x days’ down closes
27. Moving Average Convergence
Divergence (MACD)
MACD line: subtracting 26-day exponential MA from 12-
day EMA
Signal line: 9-day EMA of MACD
What is EMA?
- it’s a weighted MA, giving more emphasis to more recent
trading days
Crossovers:
MACD falls under signal line bearish
MACD rises above signal line bullish
29. Stochastic
Theory:
In an uptrend market, closing prices tend to be near the highs
In a downtrend market, closing prices tend to be near the lows
%K line and %D line
%K = 100[(C - L14)/(H14 - L14)]
C = current closing price
L14 = lowest low price during 14-day period
H14 = highest high during 14-day period
%D = %K smoothed over three days
31. Conclusion
• When to use technical analysis:
• looking for short-term
• Indicators are only indicators
• When fundamental analysis is more
appropriate
• Long-term
• Or combine both