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Advisor(s)
Abstract(s)
A análise técnica é uma ferramenta usada por muitos investidores para preverem e analisar as tendências dos mercados de forma a investirem racionalmente e a otimizar lucros, devido a evolução tecnológica e ao aparecimento de novas e mais sofisticadas ferramentas de análise de mercados, é possível questionar se nos tempos atuais o uso da análise técnica é relevante ou se a sua capacidade de previsão continua a gerar valor aos investidores.
Neste estudo avaliamos os indicadores Moving Average Convergence Divergence (MACD) e Relative Strength Index (RSI) entre outros indicadores relevantes ao estudo na bolsa norte americana NASDAQ para dez empresas listadas nesta bolsa durante o período de 1 janeiro de 2012 e 31 dezembro de 2021, serão simulados os resultados obtidos caso um investidor tivesse utilizado os indicadores, para perceber a sua eficácia os resultados são comparados a um investimento de longo prazo buy-and-hold.
Analisamos os resultados e temos as conclusões sobre a eficácia destes indicadores e se geram ou não valor ao investidor.
Technical analysis is a tool used by many investors to forecast and analyse market trends in order to invest rationally and optimise profits, due to technological evolution and the appearance of new and more sophisticated market analysis tools, it is possible to question whether in current times the use of technical analysis is relevant or whether its forecasting capacity continues to generate value for investors. In this study we evaluate the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) among other indicators relevant to the study on the North American NASDAQ stock market for ten companies listed on this stock market during the period from January 1, 2012 and December 31, 2021, the results obtained if an investor had used the indicators will be simulated, to understand their effectiveness the results are compared to a long-term buy-and-hold investment. We analyse the results and draw conclusions on the effectiveness of these indicators and whether or not they generate investor value.
Technical analysis is a tool used by many investors to forecast and analyse market trends in order to invest rationally and optimise profits, due to technological evolution and the appearance of new and more sophisticated market analysis tools, it is possible to question whether in current times the use of technical analysis is relevant or whether its forecasting capacity continues to generate value for investors. In this study we evaluate the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) among other indicators relevant to the study on the North American NASDAQ stock market for ten companies listed on this stock market during the period from January 1, 2012 and December 31, 2021, the results obtained if an investor had used the indicators will be simulated, to understand their effectiveness the results are compared to a long-term buy-and-hold investment. We analyse the results and draw conclusions on the effectiveness of these indicators and whether or not they generate investor value.
Description
Mestrado em Análise financeira
Keywords
Análise técnica MACD RSI NASDAQ Mercado acionista Technical analysis Stock market
Citation
Trindade, D. G. P. J. (2023) Eficácia da análise técnica no mercado acionista nas DAQ indicadores MACD e RSI. (Dissertação de mestrado não publicada). Instituto Politécnico de Lisboa, Instituto Superior de Contabilidade e Administração de Lisboa. Disponível em http://hdl.handle.net/10400.21/16117