MQ Expresso
MQ Expresso - Technical Analysis (TA)
MQTrader Jesse
Publish date: Sun, 02 May 2021, 08:09 AM
MQ Expresso - Technical Analysis (TA)
Price movement and volume are the focus in technical analysis. This method studied movement of candlestick charts which consisted of price and volume. The chart will show the supply and demand of the market and give an insight on the trend of a particular stock.
The whole technical analysis is based on 3 underlying assumptions:
-
The market discounts everything.
- Stock price reflects everything including all fundamental factors and human emotions.
-
Price moves in trends.
- Future price movement will likely follow the established trend.
-
History tends to repeat itself.
- Same reaction will be given over the same stimulus. This will cause a certain trend and pattern repeats over time.
In technical analysis, technical indicators are widely used to analyse the stock. Technical indicator is pattern-based signals produced by the price, volume, and supply and demand when the market opens. The common technical indicators are as follows:
- EMA 5 Crossover
- MACD and RSI
- ADX Crossover
- OBV Breakout
- Guppy MMA
These indicators can be used individually or collectively on a stock. For example, EMA crossover and MACD and RSI can be applied together to analyse the stock technically. Different technical indicators will have criteria to take care of, for instance, EMA 5 crossover indicates a change of trend when EMA 5 crosses with EMA 20.
Conclusion
Technical analysis focuses on price movement and volume which will be suitable for those who do not like to study financial statements. For the application of technical analysis through Quantitative Method, you can refer to MQ Trader – Technical Analysis [UNISEM].
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Disclaimer
This article does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties in the Internet. We may or may not hold position in the stock covered, or initiate new position in the stock within the next 7 days.
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