期货股票技术分析TechnicalAnalysis.ppt

Top Down Approach Company Analysis Technical Analysis Technical Analysis Introduction Two major types of analysis for predicting the performance of a company’s stock fundamental technical Technical looks for peaks, bottoms, trends, patterns, and other factors affecting a stock’s price movement makes a buy/sell decision based on those factors Technical Analysis Introduction(Continued) The world of technical analysis is huge Hundreds of different patterns and indicators investors claim to be successful What is Technical Analysis? Method of evaluating securities by analyzing statistics generated by Market activity Past Prices Volume Do not attempt to measure intrinsic value Instead look for patterns and indicators on charts to determine future performance What is Technical Analysis? (Continued) Technicians believe that securities move in very predictable trends and patterns Trends continue until something happens to change the trend Until that change takes place, price levels are predictable What is Technical Analysis? (Continued) Most agree that technical analysis is much more effective when combined with fundamental analysis The Bar Chart The Bar Chart (Continued) Some of the most popular type of charts Advantage is that it show the high, low, open and close for each day The Bar Chart (Continued) Candle Stick Charting Candle Stick Charting(Continued) Been around for hundreds of years Often referred to as “Japanese Candles” because the Japanese would use them to analyze the price of rice contracts Similar to bar chart, but uses color to show if stock was up (green) or down (red) over the day More than 20 patterns are used by technicians for candlestick charting. Some of the most popular include the following. Candle Stick Charting(Continued) Candle Stick Charting(Continued) Green is an example of a bullish pattern, the stock opened at (or near) its low and closed near its high Red is an example of a bearish pattern. The stock opened at (or near