Different chart patterns including candlesticks have been known in technical analysis for long. Now many of them considered as typical or classical ones. These patterns can signal a particular bullish or bear trend. Naturally, the signals are not successful all the time but give at least the most probable scenario of price movement. On the … [Read more…]
Evidently, it is impossible to find technical analysis indicators that are always have the best predictive abilities in all cases. According to statistical researches, depending on time-frame, market conditions, industry, type of stock or ETF, and other factors, onetime some indicators might be best but other worst, and vice versa. In general, in terms of … [Read more…]
Technical analysts use many different indicators. Not all indicators are equally good. Some of them have better predictive abilities than others at given conditions. Statistical results of the research for stocks and indexes during the last several months have showed the way to improve some regular indicators. In short, if an indicator is trend-differentially coupled … [Read more…]
Stock market investors and traders are making their decisions trying to analyze all relevant factors. Indeed, a good decision should be based on a sufficient number of criteria taking into consideration many company’s fundamentals, its stock characteristics, and external factors. During this process the market participants dealing with selecting sufficient volume of data and converting … [Read more…]
The chart shows S&P-500 index forecast for the period from May 31 to June 3, 2011. The possible ^GSPC behavior is an uptrend. The prediction has been calculated using Neural Network Stock Trend Predictor NNSTP-2.
The chart shows a probable behavior of S&P-500 index for the next week, May 23 – 27, 2011. The forecast has been calculated by pattern recognition system. It predicts some fluctuations with a slight uptrend.
The two charts below show a possible behavior of S&P-500 index for the next week, May 16-20, 2011. The first chart is neural network forecast, the second one is pattern similarity forecast. Both methods predict a slight uptrend.
The chart presents a potential behavior of S&P-500 index for the next week, May 9 – 13, 2011. The forecast has been created by pattern recognition system. The method predicts some fluctuations with eventual uptrend.
The chart below shows a possible behavior of S&P-500 index for the next week, May 2 – 6, 2011. The chart is pattern similarity forecast. The method predicts an uptrend until Thursday.
The two charts below show a possible behavior of S&P-500 index for the next week, April 25 – 29, 2011. The first chart is pattern similarity forecast, the second chart is neural network forecast. Both methods predict some continuing slight uptrend but with eventual reversal to a downtrend.