Corpus ID: 10548902

The Predictive Power of Candlestick Patterns - An Empirical Test of Technical Indicators on the Swedish Stock Market Using GARCH-M and Bootstrapping

  title={The Predictive Power of Candlestick Patterns - An Empirical Test of Technical Indicators on the Swedish Stock Market Using GARCH-M and Bootstrapping},
  author={Max J{\"o}nsson},
Using statistical tests, the profitability and predictive power of a technical analysis strategy based on candlestick patterns is tested. Candlestick technical analysis is a short term strategy based on the open, high, low and closing prices of a financial asset. The results show that the strategy is not profitable in the short term and has no predictive power when applied to 29 OMXS30 stocks over the period from 2007 to 2015. 
An analyze on effectiveness of candlestick reversal patterns for Vietnamese stock market
The Japanese candlestick model is a common technical analysis used to understand the behavior and predict the trend in the financial market. There are many studies have been conducted to assess theExpand


Tests for Two-Day Candlestick Patterns in the Emerging Equity Market of Taiwan
Using the Taiwan 50 Index component stocks for the period from January 2, 2002, to December 31, 2009, this study examines the predictive power of candlestick trading strategies. A four-digit numbersExpand
The Application of Japanese Candlestick Trading Strategies in Taiwan
The Japanese candlestick is one of the most popular technical methods used to predict future price trends based on the relationships among opening, high, low, and closing prices. By using the dailyExpand
Are candlestick technical trading strategies profitable in the Japanese equity market?
We show that candlestick charting, the oldest known form of technical analysis, is not profitable in the Japanese equity market over the 1975–2004 period. Candlestick technical analysis, which wasExpand
Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures
This book helps you master this powerful trading system and identify the best trades. Inside this book you will discover candlestick charting, one of the most popular tools in technical analysis.Expand
History of the Efficient Market Hypothesis
This paper reviews and summarizes the work of Sewell (2011). The purpose is to investigate the evolution and development of the Efficient Market Hypothesis from its inception as theory of probabilityExpand
Estimating Time Varying Risk Premia in the Term Structure: The Arch-M Model
The expectati on of the excess holding yield on a long bond is postulated to depend upon its conditional variance. Engle's ARCH model is extended to allow the conditional variance to be a determinantExpand
Introductory Econometrics for Finance
This third edition of this bestselling and thoroughly classroom-tested textbook has been updated with new data, extensive examples and additional introductory material on mathematics, making the book more accessible to students encountering econometrics for the first time. Expand
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