List of Articles تحلیل تکنیکی

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  1 - Investigating effect of important indicators of technical analysis on short term investment of investors in Tehran Stock Exchange
  رضا تهرانی محمد اسماعیلی
  Investment in stock exchange is one of investments to increase investors wealth.There are three various methods for investment of stock exchange: fundamentalanalysis, technical analysis and Buy & Hold strategy. In this research, effectiveness ofusing technical analy More

  Investment in stock exchange is one of investments to increase investors wealth.There are three various methods for investment of stock exchange: fundamentalanalysis, technical analysis and Buy & Hold strategy. In this research, effectiveness ofusing technical analysis in Tehran Stock Exchange researched by focus on severalimportant and applied indicators.Seven valid indicators in two type of technical analysis; trend and oscilators.This research is period of 4 years from beginning of 1380 to ending of 1383 s.br.including of both Bull period (beginning of 1380 to mid of 1382) and Bear period(mid of 1382 to end of 1383) and 62 of best companies aspect of the number oftrading days and with considering of trading costs.The results demonstrate that each of technical analysis indicators individually andcombination of trend technical analysis indicators compared with Buy & Hold strategycannot create high and abnormal return for their investors and chartists.But, combination of oscilator technical analysis indicators, specially relativestrength index and stochastics, can create high return relative to Buy & Hold strategysignificantly. Manuscript profile
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  2 - Study of Moving Averages Indicators Efficiency in Technical Analysis for Forecasting Stock Price in Selected Top Companies Tehran Stock Exchange
  سید علی نبوی چاشمی آیت الله حسن زاده
  The aim of the study is to answer the following question: which of the predictive indicators used in this study is the best way for predicting stock price, and is considered as the higher credibility for predicting stock price in the Tehran stock exchange? For this reas More

  The aim of the study is to answer the following question: which of the predictive indicators used in this study is the best way for predicting stock price, and is considered as the higher credibility for predicting stock price in the Tehran stock exchange? For this reason it is used the methods of a simple moving average and Weighted moving average and exponential moving average for symbol periods of 30 days, 60 days and 90 days. And then predicted results are compared with the actual price, and finally, various methods have been evaluated by two different indexes consist of Mean Absolute Deviation (MAD) and Tracer Symbol (TS).The results show that the exponential moving average methods for thirty-days period is entitled the highest credibility for predicting stock price Manuscript profile
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  3 - پیش‌بینی روند تغییرات قیمت سهام با به‌کارگیری شاخص‌های تحلیل تکنیکی و استفاده از روش ترکیبی الگوریتم ژنتیک و شبکه عصبی مصنوعی: مطالعه موردی سهام ایران خودرو
  زینب آذریان سید مهدی همایونی
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  4 - Comparative Study of Eeffectiveness of Technical Analysis Indicators with Type of Trend with Accidental Oscillator in Securities Analysis Pharmaceutical Companies
  Abass Saleh Ardestani
  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 indicat More

  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 Manuscript profile
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  5 - Investigating Efficiency Stock Ranking Based on CANSLIM Analysis Criteria Using Fuzzy Multiple Attribute Decision Model
  Ahmad Goodarzi Pouya Goorani
  AbstractInvestors mostly rely on fundamental and technical analysis in applying past and present information to choose the optimum stock and its future trend in an attempt to increase returns. The present study investigates the relationship factors ranking of CANSLIM mo More

  AbstractInvestors mostly rely on fundamental and technical analysis in applying past and present information to choose the optimum stock and its future trend in an attempt to increase returns. The present study investigates the relationship factors ranking of CANSLIM model in synthetic fundamental-technical model by Fuzzy Multiple Attribute Decision method with stock return using econometric models. The variables of the CANSLIM model include the percentage of seasonal earnings, the percent of change in annual profit, the new price, level Free Float Stock, the leading, the support of institutional investors, and the direction of the market (changes in the total index). The study also weighs stock by the Fuzzy-AHP using CANSLIM criteria, and measures its efficiency using TOPSIS technique is ranked annually. Population of the study includes 73 companies listed at stock exchange during 2010-2017 Multi-variable regression analysis based on synthetic and panel data was used. Results of testing hypotheses revealed direct effects of rating factors: percent of seasonal earnings change, percentage of annual profit changes, industry leading companies, free float stocks, CANSLIM model on stock returns. Manuscript profile
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  6 - Usefulness Assessment of Technical Analysis of World Gold Prices (Approach to the Directional Indicators or Oscillators)
  Reza Tehrani Yasser Kargari Mahtab Davarzadeh
  This article investigates the usefulness of applying the technical analysis to the world gold market by using daily world gold price data per ounce in the US Dollar during last 37 years and the Relative Strength Index which is a directional indicator of the technical an More

  This article investigates the usefulness of applying the technical analysis to the world gold market by using daily world gold price data per ounce in the US Dollar during last 37 years and the Relative Strength Index which is a directional indicator of the technical analysis. The results of this study indicate that the use of buy and sell signals derived from this method using the Relative Strength Index Junction 50 on the world gold market over the last 37 years has been significantly beneficial. The average yield of gold ownership in the gold market, when the relative strength index technical analyses of predictive signals, signs are sold, the value is negative. The average return on equity (or maintenance) of gold in the gold market, when relative strength index technical analysis of the predictive signals, signs are purchasing, the value is positive. This article is also a useful model to provide technical analysis of gold prices Manuscript profile
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  7 - A study on how managers of mutual funds invest in Iran (With an approach based on technical & fundamental analysis and Modern Portfolio Theory)
  Mohammadreza Nikbakht Yasser Kargari Mahtab Davarzadeh
  This study (for the first time) examined the way investment managers of mutual funds invest, by using questionnaire method. Respondents to the questionnaire are investment managers of mutual funds in Iran. The investment managers are asked to determine the use of each o More

  This study (for the first time) examined the way investment managers of mutual funds invest, by using questionnaire method. Respondents to the questionnaire are investment managers of mutual funds in Iran. The investment managers are asked to determine the use of each of methods such as technical & fundamental analysis, Modern Portfolio Theory, bulletins, confidential information and market rumors, for market forecasting and selecting assets properly and timely. The research statistic population includes investment managers of active mutual funds in Iran. Questionnaires were sent to all of them, and 40 percent of the questionnaires were returned. The findings of this study show that investment managers always pay most of their attention to fundamental analyses and then published bulletins; they rarely use technical analysis indicators (especially in the long term) and Modern Portfolio Theory (especially in the short term). Also investment managers are reluctant to use confidential information and market rumors in any time intervals. Manuscript profile
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  8 - رتبه بندی و مدیریت سهام در بازار بورس با استفاده از تحلیل بنیادی و تکنیکی (مطالعه موردی: بورس تهران)
  علیرضا علی نژاد ابوالفضل کاظمی کیوان صراف ها
  یکی از دلایل اصلی انجام این پژوهش، عدم اطمینان دست اندرکاران اوراق بهادار در زمینه صحت رتبه بندی سهام بورس بالخص صنعت مالی که یکی از ارکان اصلی بورس می‌باشد است. در این پژوهش سعی شده است تا با استخراج شاخص‌های مورد نیاز جهت رتبه بندی دقیق شرکت‌ها در بازار سرمایه تهران د More

  یکی از دلایل اصلی انجام این پژوهش، عدم اطمینان دست اندرکاران اوراق بهادار در زمینه صحت رتبه بندی سهام بورس بالخص صنعت مالی که یکی از ارکان اصلی بورس می‌باشد است. در این پژوهش سعی شده است تا با استخراج شاخص‌های مورد نیاز جهت رتبه بندی دقیق شرکت‌ها در بازار سرمایه تهران در پروسه خرید سهام کمک نموده و به عنوان راهنمای کلی مدنظر قرار گیرد. از دیگر اهداف اصلی این پژوهش، بکارگیری ترکیبی دو دیدگاه مهم در مسیر یافتن مطلوبترین سهام یعنی تحلیل بنیادی و تحلیل تکنیکی است. لذا در این تحقیق ابتدا پس از تعیین گروه تصمیم گیری(خبرگان بورس) و استخراج شاخص‌های اولیه از ادبیات موضوع، با استفاده از روش‌های آماری ناپارامتریک به تعیین شاخص‌های نهایی پرداخته شده است. سپس با استفاده از تکنیک مقایسات زوجی(بهبود در AHP) جهت تصمیم گیری گروهی به تعیین وزن معیارها با استفاده از تأثیرات متقابل آنها بر یکدیگر اقدام شد. سپس با استفاده از روش PROMETHEE و استخراج اطلاعات مربوط به صنایع مالی خدماتی، ابتدا به رتبه بندی این صنایع و پس از آن به رتبه بندی شرکت­های فعال در صنایع برتر شناخته شده پرداخته شده است. پس از انجام تحلیل بنیادی، با مطالعه ادبیات تحقیق و آنچه که در حال حاضر در شرکت‌های کارگزاری به کار گرفته می‌شود، سه شاخص از مهم ترین و پرکاربردترین شاخص­های تکنیکی را جهت تحلیل تکنیکی شرکت­های برتر شناخته شده انتخاب و در انتها زمان مناسب جهت معامله در بازه زمانی سال 1390 تعیین گردید.  Manuscript profile
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  9 - سودمندی قواعد تحلیل تکنیکی در بورس اوراق بهادار تهران و چند کشور منتخب با رویکرد
  ابراهیم عباسی حسام جهرامی
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