SUCCESS RATE OF MARKET SPECULATIONS BASED ON DETECTION OF HEAD AND SHOULDERS BOTTOM CHART PATTERN

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25530%2F16%3A39900869" target="_blank" >RIV/00216275:25530/16:39900869 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
SUCCESS RATE OF MARKET SPECULATIONS BASED ON DETECTION OF HEAD AND SHOULDERS BOTTOM CHART PATTERN
Original language description
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).
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Hradec Economic Days 2016 : double-blind peer reviewed proceedings of the international scientific conference
ISBN
978-80-7435-636-0
ISSN
2464-6059
e-ISSN
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Number of pages
7
Pages from-to
378-384
Publisher name
Univerzita Hradec Králové
Place of publication
Hradec Králové
Event location
Hradec Králové
Event date
Feb 2, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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