Comparative Study of Eeffectiveness of Technical Analysis Indicators with Type of Trend with Accidental Oscillator in Securities Analysis Pharmaceutical Companies
Subject Areas : medical documents
Abass Saleh Ardestani
1
(
Associate Professor, Department Public Management, Faculty of Management, Islamic Azad University, Central Tehran Branch, Tehran, Iran
)
Keywords: Technical Analysis, Oscillator Indicators, Pharmaceutical Companies, Securities Analysis, investment, Trend Indicators,
Abstract :
Introduction:The main objective of investors to maximize profits is acquired, thus introducing the optimum method for transactions for investors is of great importance. In spite of investors to methods of technical analysis, this study compares the early warning indicators of transactions of the type of oscillator dealt with indicators to show which of these two categories of the indicators, gained a greater return on invest. Methods:The research, by collecting quantitative data needed to compare two methods of technical analysis was conducted to test library. Research in the field of finance and capital markets with a focus on Tehran Stock Exchange in the period from the beginning of 1391 until the end of 1392 is done. The samples include all pharmaceutical companies that was before the start of the study period in the Tehran Stock Exchange is accepted and included 467 companies. To compare the efficiency of two different types of indicators paired test method technique was used. Findings:Between the average return, there was a significant relationship (p = 0.034). Negative-the-top (1082/1) and lower (2418/23) also means that yields more profit than the return of trend indicators provides investors the benefit Conclusion:Oscillator indicators more efficiently than by trend indicators that according to it, the Oscillators are trading higher yields to investors will benefit. Comparative study of effectiveness of technical analysis indicators with type of trend with accidental oscillator in securities analysis pharmaceutical companies Abstract: with due attention to investors’ interest to technical methods, in this study we proceed to compare dealing warner indicators with type of trend with oscillator type indicators in order to show that which of them has more efficiency for investors. The main purpose of investors is gaining more benefit, hence introducing the optimum method for dealing has a special importance for them. This investigation for purpose of objective is applying and for purpose of method is descriptive-comparative and studying of past information lead nature of investigation post-happening. The results show that with a 95% safety level, oscillator indicators have more efficiency than trend indicators and so using oscillator indicators get more benefit to investors in dealings. Keywords: oscillator indicators, trend indicators, technical analysis, investment, securities analysis Abbas Saleh Ardestani
