Technical analysis of the stock market and its usefulness in making investment decisions in the secondary market

This article describes the usefulness of technical analysis in stock market investments. With the 35 stocks of the Índice de Precios y Cotizaciones of the Mexican Stock Ex-change, the support and resistance levels of closing prices from the last day of operations show the probability of making profi...

Descripción completa

Detalles Bibliográficos
Autor: Corona Dueñas, José Asunción
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2005
País:México
Institución:UNIVERSIDAD DE GUADALAJARA
Repositorio:Expresión Económica
Idioma:español
OAI Identifier:oai:ojs2.148.202.248.171:article/783
Acceso en línea:https://expresioneconomica.cucea.udg.mx/index.php/eera/article/view/783
Access Level:acceso abierto
Palabra clave:technical stock market analysis
stock investment
Análisis técnico bursátil
Inversión en acciones
Descripción
Sumario:This article describes the usefulness of technical analysis in stock market investments. With the 35 stocks of the Índice de Precios y Cotizaciones of the Mexican Stock Ex-change, the support and resistance levels of closing prices from the last day of operations show the probability of making profits and their magnitudes, as well as risks. The main idea is to find out the parameters for measuring benefits and losses .Graphic  and statistical analyses are only guidelines and do not guarantee results, because some fundamental factors could modify prices in dramatic ways.