Technical analysts track price movements and trading volumes in various securities to identify patterns in the price behavior of particular stocks, mutual funds, commodities, or options in specific market sectors or in the overall financial markets.
The goal is to predict probable, often short-term, price changes in the investments that they study, which allows them to choose an appropriate trading strategy.
The speed and accuracy with which the analysts create their tracking charts has been enhanced by the development of increasingly sophisticated software.
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- Beige Book, Monte Carlo simulation, Random walk theory, Standard deviation, Stochastic modeling
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