An Empirical Study on the Effectiveness of Technical Analysis in China's Stock Markets

被引：0

作者：

Chen, Kai ^{[1
]}

Hui, Guangping ^{[1
]}

机构：

[1] Nanjing Univ Sci & Technol, Sch Econ & Management, Nanjing, Jiangsu, Peoples R China

来源：

PROCEEDINGS OF THE 2017 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND MANAGEMENT INNOVATION (MSMI 2017) | 2017年 / 31卷

关键词：

technical analysis; market effectiveness; bootstrap nonparametric test; RETURNS; RULES;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The weak form of the EMH proclaims that it is not possible to sustain above normal returns over the long run. However, in recent years, scholars have found that technical analysis trading strategy can obtain significant excess returns in different markets. In this paper, we use the CSI 300 Index, Moving average trading strategy, KDJ strategy and MACD strategy to study the weak effective of China's stock market. Through empirical research, it is concluded that the some technical analysis can obtain significant excess returns in the short term, and the Chinese stock market has not yet reached the weak efficient market.

引用

页码：134 / 140

页数：7

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