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The Validity of Technical Analysis for the Swedish Stock Exchange: Evidence from random walk tests and back testing analysis
Jönköping University, Jönköping International Business School, JIBS, Economics, Finance and Statistics.
2012 (English)Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

In this paper I examine the validity of technical analysis for the Swedish stock index OMXS30 between 2001-12-28 and 2011-12-30.  Results indicate that OMXS30 followed a non-random walk and that technical trading rules had predictive power over future price movements. Results also suggest that technical trading rules could be used to outperform a buy-and-hold strategy.

Place, publisher, year, edition, pages
2012.
Keyword [en]
Technical Analysis, RSI, Efficient Market Hypothesis, Behaviour Finance, Negative Feedback Trading
National Category
Economics Economics and Business
Identifiers
URN: urn:nbn:se:hj:diva-18427OAI: oai:DiVA.org:hj-18427DiVA: diva2:533168
Uppsok
Social and Behavioural Science, Law
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Available from: 2012-06-27 Created: 2012-06-13 Last updated: 2012-06-27Bibliographically approved

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The Validity of Technical Analysis for the Swedish Stock Exchange(929 kB)621 downloads
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78c8bc21290a83729fafdc176796f2c01a2a232a3b439b595df084e1488ed631b19aeb271df4f8ed6892fc4e6d0c883b1e3af5b8f1857fb818dfb3903646a09d
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JIBS, Economics, Finance and Statistics
EconomicsEconomics and Business

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CiteExportLink to record
Permanent link

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Citation style
  • apa
  • ieee
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  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf