Die Trendbibel

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

Try Investtech's analyses

Free access to Investtech's analyses for 14 days, with no further obligations.

Read more>>

Verwandte Artikel

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.

More on Investtech's research

 


Die Anlageempfehlungen werden von Investtech.com AS ("Investtech") ausgearbeitet. Investtech übernimmt keine Haftung für die Vollständigkeit oder Richtigkeit der jeweiligen Analyse. Ein etwaiges Engagement aufgrund der aus den Analysen resultierenden Empfehlungen/Signale erfolgt zur Gänze für Rechnung und Risiko des Anlegers. Investtech haftet nicht für Verluste, die sich direkt oder indirekt infolge der Nutzung von Investtechs Analysen ergeben. Angaben zu etwaigen Interessenkonflikten gehen stets aus der Anlageempfehlung hervor. Weitere Informationen zu Investtechs Analysen finden Sie unter disclaimer.


Die Anlageempfehlungen werden von Investtech.com AS ("Investtech") ausgearbeitet. Investtech übernimmt keine Haftung für die Vollständigkeit oder Richtigkeit der jeweiligen Analyse. Ein etwaiges Engagement aufgrund der aus den Analysen resultierenden Empfehlungen/Signale erfolgt zur Gänze für Rechnung und Risiko des Anlegers. Investtech haftet nicht für Verluste, die sich direkt oder indirekt infolge der Nutzung von Investtechs Analysen ergeben. Angaben zu etwaigen Interessenkonflikten gehen stets aus der Anlageempfehlung hervor. Weitere Informationen zu Investtechs Analysen finden Sie unter disclaimer.

×

Sie können sich hier anmelden

 
Kennwort vergessen?

Titlex

OK
+

Cookie consent

We use cookies to give you a better user experience. If you continue to use the website, you accept this. For further details click here.

Our use of cookies

When you use our website, we store a cookie on your device. The cookie is used to recognize your device so that your settings work when you use our websites. The information that is stored is completely anonymised. Cookies are automatically deleted after a certain time.

Necessary cookies

Investtech uses cookies to ensure basic functions such as page navigation and language selection. Without such cookies, the website does not function as it should. You cannot therefore make a reservation against these. If you still want to disable such cookies you can do so in your browser settings. In the Cookies section add this website to the list of sites which are not allowed to save cookies on your device.

Cookies from Google

We use services from Google Analytics and Google AdWords. These register cookies on your device when you visit our website. Google registers your IP address in order to keep statistics on user activity on the website. The IP address is anonymised, so that we have no opportunity to link the activities to a specific person. We use these statistics to be able to offer more interesting content on the website and to constantly improve ourselves. Google AdWords collects data so that our advertising on other websites gives better results. We cannot trace the data of individuals.

Allow cookies from Google