Introduction

There are two main techniques which are technical analysis and fundamental analysis, are useful to analyse the securities based on securities’ price and company’s financial performance respectively. For fundamental analysis, we have explained it in details in our past post and you can read MQ Trader – Fundamental Analysis [TOPGLOV] for understanding more.

In this blog post, we will be focusing on technical analysis by using UNISEM for demonstration purpose.

What is Technical Analysis?

Technical analysis is widely used by traders to study securities to make investment decisions by focusing on the statistical analysis of price movements. Some people may think technical analysis is very complicated but its concept is actually quite simple to be understood, as it is literally based on the analysis of supply and demand in the market. It is a study to attempt in understanding the market sentiment behind the price trend. Stocks with good technical analysis are not always the stocks with good fundamentals, as technical analysis does not consider fundamental attributes of the stocks.

MQ Technical Analysis

Similar to MQ Fundamental Analysis, MQ Trader also provides MQ Technical Analysis which is an incredible tool that rates stocks accordingly based on a series of technical tests. This rating system gives us a quick view on the overall technical analysis result of a stock before we look into the technical chart of the stocks. It can help us to save much time to identify the stocks with bullish trend efficiently. 

Source: MQ Trader Stock Analysis System

To start your technical analysis, MQ technical Analysis page can be found by pressing the “hamburger” which is located at the top left side of the page. Then, “Run Technical Analysis” will be found in the drop down menu as shown in the figure above.

According to MQ Trader Technical Analysis, UNISEM scores 4.1/5.0 for MQ Technical Rating at the moment. This shows that it is experiencing bullish trend currently, as stocks with MQ Technical Rating of more than 3.0/5.0 are categorized as up-trending stocks based on the technical criteria of MQ Trader. MQ Technical Rating is evaluated based on 9 technical indicators with strict requirement set by MQ Trader. Rating breakdown is also available for us to determine the extent of bullish or bearish trend of a stock. This rating may fluctuate from time to time when there is the presence of catalysts or news which can affect the market sentiment immediately. Simultaneously, the share price will rise or fall within a short period.

MQ Technical Indicators will be discussed in the coming blog post – MQ Trader – Technical Indicators (Part 1) [UNISEM]. Stay tuned!

Community Feedback

We encourage traders to try out and evaluate the MQ Trader system and provide us feedback on the features you like to see in the system. We have received many positive feedbacks so far, and we are currently compiling and reviewing them for possible inclusion into the next release of the system.

We would like to develop this system based on community feedback to cater for community needs. Thanks to all those who have provided valuable feedback to us. Keep those feedbacks coming in!

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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MQ Trader stock analysis system uses Artificial Intelligence (AI), various technical indicators and quantitative data to generate accurate trading signals without the interference of human's emotions and bias against any particular stock. It comprises trading strategies which are very popular among fund managers for analysing stocks. 

MQ Trader stock analysis system is SPONSORED for MQ Trader members. To use this amazing tool, you can sign up via MQ Trader Sign Up!

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