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

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JIBS, Economics, Finance and Statistics
EconomicsEconomics and Business

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