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https://www.um.edu.mt/library/oar/handle/123456789/31014| Title: | Technical analysis seems to be a valuable investment tool in the Athens and Frankfurt stock exchanges |
| Authors: | Glezakos, Michalis Mylonas, Petros |
| Keywords: | Technical analysis (Investment analysis) -- Greece Technical analysis (Investment analysis) -- Germany -- Frankfurt Stock exchanges -- Greece Stock exchanges -- Germany -- Frankfurt |
| Issue Date: | 2003 |
| Publisher: | University of Piraeus. International Strategic Management Association |
| Citation: | Glezakos, M., & Mylonas, P. (2003). Technical analysis seems to be a valuable investment tool in the Athens and Frankfurt stock exchanges. European Research Studies Journal, 6(1-2), 163-189. |
| Abstract: | This study investigates the forecast power of technical analysis in the equity markets by applying simple technical trading rules to the Athens General Index and DAX. The results produce evidence that technical analysis is a valuable investment tool, especially in the case of the Athens Stock Exchange. Moreover, the ability of simple moving average rules appears to be dominant in the last few years, when excess returns are earned over a naïve buy-and-hold strategy even after the deduction of transaction costs. |
| URI: | https://www.um.edu.mt/library/oar//handle/123456789/31014 |
| ISSN: | 11082976 |
| Appears in Collections: | European Research Studies Journal, Volume 6, Issue 1-2 |
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| File | Description | Size | Format | |
|---|---|---|---|---|
| Technical_analysis_seems_to_be_a_valuable_investment_tool_in_the_Athens_and_Frankfurt_stock_exchanges_2003.pdf | 155.1 kB | Adobe PDF | View/Open |
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