An Empirical Study on the Effectiveness of Technical Analysis in China's Stock Markets
Kai Chen, Guangping Hui
Available Online June 2017.
- https://doi.org/10.2991/msmi-17.2017.31How to use a DOI?
- technical analysis; market effectiveness; bootstrap nonparametric test
- 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.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Kai Chen AU - Guangping Hui PY - 2017/06 DA - 2017/06 TI - An Empirical Study on the Effectiveness of Technical Analysis in China's Stock Markets BT - Proceedings of the 2017 International Conference on Management Science and Management Innovation (MSMI 2017) PB - Atlantis Press SP - 134 EP - 140 SN - 2352-5428 UR - https://doi.org/10.2991/msmi-17.2017.31 DO - https://doi.org/10.2991/msmi-17.2017.31 ID - Chen2017/06 ER -