IDEAS home Printed from https://ideas.repec.org/a/chi/journl/v1y2012i1p91-102.html
   My bibliography  Save this article

Technical analysis of stock prices using Elliot wave theory and Fibonacci number

Author

Listed:
  • Rattana Charussaengsuriya

    (Payap University)

  • Tawewan Tharnpipat

    (Payap University)

Abstract

The study of technical analysis of stock prices using Elliot Wave Theory and Fibonacci Number focused on percentage analyzing to test the stock prices according to the theory and the actual stock prices. The secondary data of the study gathered from the daily price index summary between 1st January 2009 to 31st December 2011 of SET index, Bank index and three Thai banks which are Bangkok bank(BBL), Siam Commercial bank (SCB) and Kasikorn bank (KBANK). The results of the study shown that there are two errors occurred, the Impulse Waves and Corrective Waves. In conclusion, this research shown that using the technical analysis tools in predicting the stock prices is highly efficient.

Suggested Citation

  • Rattana Charussaengsuriya & Tawewan Tharnpipat, 2012. "Technical analysis of stock prices using Elliot wave theory and Fibonacci number," The Empirical Econometrics and Quantitative Economics Letters, Faculty of Economics, Chiang Mai University, vol. 1(1), pages 91-102, March.
    • Handle: RePEc:chi:journl:v:1:y:2012:i:1:p:91-102
    as

    Download full text from publisher

    File URL: http://www.jyoungeconomist.com/images/stories/EEQEL_V1_N1_March_2012_pp_091_102_Charussaengsuriya_Tharnpipat(1).pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Elliot wave; Fibonacci number; Technical Analysis;
    All these keywords.

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:chi:journl:v:1:y:2012:i:1:p:91-102. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Komsan Suriya (email available below). General contact details of provider: https://edirc.repec.org/data/fecmuth.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.