De trendbijbel

Research Results – Horizontal Trends

A break upwards from a horizontal trend has been followed by a solid price increase equivalent to 4.0 percentage points more than average benchmark development in three months.

Research Results – Horizontal Trends

a) Norway.


 

b) Sweden.


 

c) Denmark.


 

d) Finland.


 

Figure 1: Breaks from horizontal trends. Average price development for stocks breaking upwards and downwards from horizontal trends in Investtech’s medium long term technical charts.



Relative return, breaks from horizontal trends Norway Sweden Denmark Finland Weighgted average
Breaking upwards 5.1 ppt 3.2 ppt 4.9 ppt 0.4 ppt 4.0 ppt
Breaking downwards -2.3 ppt -5.5 ppt -4.5 ppt -4.9 ppt -4.1 ppt

ppt: percentage points

The data set for horizontal trends is smaller than the data sets for the other trend signals. This means that these situations are rare in the market. A break upwards from a horizontal trend has, however, been followed by a solid price increase of 4.0 percentage points more than benchmark average in three months. Similarly breaks downwards have been followed by a negative excess return of 4.1 percentage points. The great price differences make these results clearly significant.

If you want to learn more about horizontal trends or see which stocks have currently triggered signals from horizontal trends....

 

The Trend Bible - The comprehensive guide to stock trading based on trends.

Investtech's reference work based on studies of more than 350,000 signals from trends in stocks listed on
the Nordic stock exchanges from 1996 to 2015.

Practical use - Tools - Statistics - Algorithms - Theory.

The Trend Bible - Start Page         More on Investtech's research

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The Trend Bible was written in 2016 by Investtech’s Head of Research Mr. Geir Linløkken. The research team behind the Trend Bible also consists of Senior Researchers Asbjørn Taugbøl and Fredrik Tyvand.

The Trend Bible - Start Page

Investtech has worked on research into behavioural finance and technical and quantitative stock analysis since 1997. The company has developed an analysis system that identifies trends, support and resistance, formations and volume patterns in stock prices, and uses these to generate buy and sell signals. Investtech uses advanced mathematical algorithms and statistical methods in computer programmes and online subscription services.

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Investeringsaanbevelingen worden gedaan door Investtech.com AS ("Investtech"). Investtech garandeert geen volledigheid of juistheid van de analyses. Eventuele fouten in de aanbevelingen, koop- en verkoopsignalen en mogelijke negatieve gevolgen hiervan zijn geheel het risico van de belegger. Investtech neemt geen enkele verantwoordelijkheid voor verlies, direct of indirect, als gevolg van het gebruik van Investtechs analyses. Meer informatie omtrent Investtechs analyses kunt u vinden op disclaimer.

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