A review of the debate between the stock technical analysis and random walk schools

Hu. Yang, Christopher Deeley, Ning Guan, Xu. Qian

Research output: Book chapter/Published conference paperConference paper

Abstract

Technical analysis seeks to forecast future directions in stock prices from the study of past data. Since Bachelier (1900) the technical analysis school has been increasingly challenged by the random walk school, culminating in Fama's efficient market hypothesis (1970). This paper reviews the ongoing debate between those two schools of thought.
Original languageEnglish
Title of host publicationMSE 2011
EditorsMark Zhou
Place of PublicationNewark, Delaware, USA
PublisherInformation Engineering Research Institute
Pages203-206
Number of pages4
Publication statusPublished - 2011
EventManagement Science and Engineering - Chengdu, China, China
Duration: 01 Oct 201102 Oct 2011

Conference

ConferenceManagement Science and Engineering
CountryChina
Period01/10/1102/10/11

Fingerprint

Random walk
Technical analysis
Future directions
Stock prices
Efficient market hypothesis
Schools of thought

Cite this

Yang, H., Deeley, C., Guan, N., & Qian, X. (2011). A review of the debate between the stock technical analysis and random walk schools. In M. Zhou (Ed.), MSE 2011 (pp. 203-206). Newark, Delaware, USA: Information Engineering Research Institute.
Yang, Hu. ; Deeley, Christopher ; Guan, Ning ; Qian, Xu. / A review of the debate between the stock technical analysis and random walk schools. MSE 2011. editor / Mark Zhou. Newark, Delaware, USA : Information Engineering Research Institute, 2011. pp. 203-206
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Yang, H, Deeley, C, Guan, N & Qian, X 2011, A review of the debate between the stock technical analysis and random walk schools. in M Zhou (ed.), MSE 2011. Information Engineering Research Institute, Newark, Delaware, USA, pp. 203-206, Management Science and Engineering, China, 01/10/11.

A review of the debate between the stock technical analysis and random walk schools. / Yang, Hu.; Deeley, Christopher; Guan, Ning; Qian, Xu.

MSE 2011. ed. / Mark Zhou. Newark, Delaware, USA : Information Engineering Research Institute, 2011. p. 203-206.

Research output: Book chapter/Published conference paperConference paper

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Yang H, Deeley C, Guan N, Qian X. A review of the debate between the stock technical analysis and random walk schools. In Zhou M, editor, MSE 2011. Newark, Delaware, USA: Information Engineering Research Institute. 2011. p. 203-206