Technical analysis and the Spanish stock exchange: testing the RSI, MACD, momentum and stochastic rules using Spanish market companies

descriptionPublicationkeyboard_double_arrow_right Article 01 Apr 2013 English Publisher:Informa UK LimitedJournal:Applied Economics, volume 45, pages 1,541-1,550 (issn: 0003-6846, eissn: 1466-4283,

Authors: J. A. L. Brugos; David de la Fuente; Rafael Rosillo;

doi: 10.1080/00036846.2011.631894

Technical analysis and the Spanish stock exchange: testing the RSI, MACD, momentum and stochastic rules using Spanish market companies

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Abstract

The aim of this research is to examine the result of the application of the indicators Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), Momentum and Stochastic in different companies of the Spanish continuous market. By using these indicators, it is intended to give purchase and sale recommendations to small investors. The generation of great capital gains depends on the type of the stock exchange company and the indicator which is being used. In addition, this research solves the problems in case of ambiguity, in the indicators, for the traders.

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University of Oviedo
Spain

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