Investtech.com

Research

Investtech's Research

Investtech's systems are built on research dating back to 1994, and several projects have received support from the Research Council of Norway. Our research is based on principles from mathematical pattern recognition, statistical optimisation and behavioural finance. Our most important goal is to identify circumstances that can give investors robust excess return over time.

The Trend Bible

Investtech has studied 350,297 signals from trends in stock prices on the Nordic stock exchanges in the period 1996 to 2015. The results largely confirm technical stock analysis theory: stocks in rising trends continue to rise!

The Trend Bible - Everything you need to know to make investments based on trends.



Rectangle Formations give Good Signals

Positive signals from rectangle formations are robust and reliable, with a hit rate of nearly 70 per cent.

Read the research report here: Return following signals from rectangle formations - The Oslo Stock Exchange 1996-2014



RSI: A New Perspective

Investtech's research indicates that overbought RSI statistically is a strong positive signal, quite contrary to common usage of this indicator.

Read the research report here >>



Volum is an Underestimated Technical Indicator

Many investors do not emphasise volume when doing technical analysis, and mostly look for patterns in price development. Investtech's research shows that volume balance, our indicator for covariance between price and volume, historically has been a good indicator for future price movements. Read more here!

Read our research report on how volume balance can predict price movements on the Nordic markets.



Seasonal Variations on the Stock Exchange

Investtechs statistics based on three decades of data show that the Scandinavian stock exchanges rise from early winter until early summer.

Seasonal variations on the Scandinavian Stock Exchanges >>



Good Statistical Results with Today's Case

Statistics show that Investtech's Today's Case stocks on the German market increased by 4.3 per cent in a quarter, which is 1.2 percentage points better than index.

Read the report here >>



Head and Shoulders Formations: Beware

Stocks with sell signals from long term head and shoulders formations have on average fallen by 4.4 per cent in the following three months, as shown in a research report from Investtech based on 19 years of data from the Oslo Stock Exchange.

Signals from head and shoulders formations, Oslo Stock Exchange 1996-2014




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"For 20 years, our mathematicians and statisticians have developed computer systems that analyse market psychology. Investtech's analyses are independent of investments firms, banks and the stock companies, and make an important complementary addition to, or replacement for, fundamental analyses."

Geir Linlkken
Head of Research and Analyses

What is technical analysis?

  • Analysis of market psychology
  • A timing tool, which says when to buy a stock
  • A stock picking tool, which says which stocks to buy
  • Identification of trends and buy and sell signals

  • Technical analysis is the study of historical price development aiming to predict future price development.
  • It is built on the principle that investors act from greed and fear and that investors as a group repeatedly make the same mistakes again and again.
  • Studying price charts can reveal the psychological state of investors and its likely future development.
  • Thus technical analysis is often used as a timing tool for the purchase and sale of stocks.
  • Technical analysis is also used by many as a screening tool to find current buy cases.
  • In addition, technical analysis is used as a monitoring tool which says when the sentiment of a stock changes, generally through identification of concrete buy and sell signals.
  • Using computers to carry out the analyses makes the results entirely objective, unlike analyses from most investments firms and in the media, which are subjectively written by people.
  • Investtech offers tools that make it easy to get started using technical analysis.
 

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