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Proficiency of Technical Analysis to Forecast Prices Crash in Capital Markets

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Year: 2014
COI code: MOCONF01_1158
Paper Language: English

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Authors Proficiency of Technical Analysis to Forecast Prices Crash in Capital Markets

  Mohsen Ghobadi - Department of Financial Engineering, Islamic Azad University, Dehaghan Branch, Iran
  Abdolmajid Abdolbaghi - Department of management, Sheikh Bahaei University,Isfahan.Iran


We empirically examine Proficiency of Technical Analysis to forecast prices crash. Therefore, trading signal returns done by Technical Analysis rules have been evaluated. Sample prices data include Copper, Silver, Wheat, Gold, USD Dollar Index, Zinc, Still, WTI Oil, from 2000 to 2013 by referring to transaction costs. We next rely on T-TEST to evaluate prices crash and Pearson Correlation experiments to find indicators Correlation. There were five market prices crash over our sample period, we find important differences in the characteristics of market crashes between the instruments indexes. According to confidence level, 95% all the technical analysis indicators used in this research can forecast Prices Crash. findings are important, because the investors that uses technical analysts with six months or more investment horizons, technical trading rules continue to provide diversification benefits even during times of market crash crisis.


Technical Analysis, Capital Market, Prices Crash, Financial Crisis,

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COI code: MOCONF01_1158

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Ghobadi, Mohsen & Abdolmajid Abdolbaghi, 2014, Proficiency of Technical Analysis to Forecast Prices Crash in Capital Markets, International Conference on Accounting and Management, تهران, موسسه همايشگران مهر اشراق, مركز همايشهاي دانشگاه تهران, the text, wherever referred to or an achievement of this article is mentioned, after mentioning the article, inside the parental, the following specifications are written.
First Time: (Ghobadi, Mohsen & Abdolmajid Abdolbaghi, 2014)
Second and more: (Ghobadi & Abdolbaghi, 2014)
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The University/Research Center Information:
Type: Azad University
Paper No.: 1168
in University Ranking and Scientometrics the Iranian universities and research centers are evaluated based on scientific papers.

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