Success rate of market speculations based on detection of head and shoulders bottom chart pattern

Stránská Koťátková, Pavla

Success rate of market speculations based on detection of head and shoulders bottom chart pattern / Pavla Koťátková Stránská, Jana Heckenbergerová, Martin Navrátil. -- 4 grafy, 1 tabulka. -- Abstrakt: Head and Shoulders Chart Pattern is one of the graphical formations signalizing dramatic change of market behaviour. Its detection together with other chart patterns and technical indicators such as MACD is part of discipline known as technical analysis. In our contribution automatic detection algorithm based on nonlinear regression model is utilized. Main goal is evaluation of market speculations successfulness using detection of buying signal by confirmation of head and shoulders down pattern occurrence. Analyses of three different shares (Google Company, Telefonica Company and EUR/USD exchange rate) are performed. Results show great potential of selected business strategy, especially for short time period of holding of share (1 to 5 days). -- Dostupné též v elektronické podobě.
In: Hradecké ekonomické dny. -- Hradec Economic Days. -- Hradec Králové: University of Hradec Králové, 2016. -- 457 s.. -- ISSN 2464-6059. -- 978-80-7435-633-9. -- S. 372-378 (tištěný sborník), s. 378-384 (online zdroj).
I. Heckenbergerová, Jana II. Navrátil, Martin


Google (firma) * Telefónica, S.A. (firma) * finanční spekulace * finanční investování * ekonomická analýza - 2006-2014 * technická analýza - 2006-2014 * články ze sborníku