How rewarding is technical analysis? evidence from Singapore stock market
This paper focuses on the role of technical analysis in signalling the timing of stock market entry and exit. Test statistics are introduced to test the performance of the most established of the trend followers, the Moving Average, and the most frequently used counter-trend indicator, the Relative...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Routledge Taylor & Francis Group
2003
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| Online Access: | http://hdl.handle.net/20.500.11937/17650 |
| _version_ | 1848749520319414272 |
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| author | Wong, W. Manzur, Meher Chew, Boon-Kiat |
| author_facet | Wong, W. Manzur, Meher Chew, Boon-Kiat |
| author_sort | Wong, W. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This paper focuses on the role of technical analysis in signalling the timing of stock market entry and exit. Test statistics are introduced to test the performance of the most established of the trend followers, the Moving Average, and the most frequently used counter-trend indicator, the Relative Strength Index. Using Singapore data, the results indicate that the indicators can be used to generate significantly positive return. It is found that member firms of Singapore Stock Exchange (SES) tend to enjoy substantial profits by applying technical indicators. This could be the reason why most member firms do have their own trading teams that rely heavily on technical analysis. |
| first_indexed | 2025-11-14T07:22:14Z |
| format | Journal Article |
| id | curtin-20.500.11937-17650 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T07:22:14Z |
| publishDate | 2003 |
| publisher | Routledge Taylor & Francis Group |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-176502018-03-29T09:06:21Z How rewarding is technical analysis? evidence from Singapore stock market Wong, W. Manzur, Meher Chew, Boon-Kiat This paper focuses on the role of technical analysis in signalling the timing of stock market entry and exit. Test statistics are introduced to test the performance of the most established of the trend followers, the Moving Average, and the most frequently used counter-trend indicator, the Relative Strength Index. Using Singapore data, the results indicate that the indicators can be used to generate significantly positive return. It is found that member firms of Singapore Stock Exchange (SES) tend to enjoy substantial profits by applying technical indicators. This could be the reason why most member firms do have their own trading teams that rely heavily on technical analysis. 2003 Journal Article http://hdl.handle.net/20.500.11937/17650 10.1080/0960310022000020906 Routledge Taylor & Francis Group restricted |
| spellingShingle | Wong, W. Manzur, Meher Chew, Boon-Kiat How rewarding is technical analysis? evidence from Singapore stock market |
| title | How rewarding is technical analysis? evidence from Singapore stock market |
| title_full | How rewarding is technical analysis? evidence from Singapore stock market |
| title_fullStr | How rewarding is technical analysis? evidence from Singapore stock market |
| title_full_unstemmed | How rewarding is technical analysis? evidence from Singapore stock market |
| title_short | How rewarding is technical analysis? evidence from Singapore stock market |
| title_sort | how rewarding is technical analysis? evidence from singapore stock market |
| url | http://hdl.handle.net/20.500.11937/17650 |