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Technical Trading Rules and Stock Returns by Muhammad Azhar Saleem is a document available to read on EtoBox.

What is Technical Trading Rules and Stock Returns about?

This paper tests the effectiveness of simple technical trading rules, specifically moving average and trading range break strategies, using historical data from the Dow Jones index spanning from 1897 to 1986. The findings indicate that buy signals yield higher and less volatile returns compared to sell signals, contradicting popular null models like the random walk hypothesis. The results suggest that technical analysis can provide predictive insights into stock price movements, challenging the traditional

Author
Muhammad Azhar Saleem
Language
EN