Technical analysis prices and volume

Technical analysis prices and volume
Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, past prices and volume.
The advantage of using a bar chart over a straight line graph that shows high, low, open and close for each particular day.
One of the most basic and easy to use technical analysis indicators is the moving average, which indicates the average price of security over a period of time. The most commonly used moving averages are 20 -, 30 -, 50 -, 100 - and 200-day.
Support and resistance levels are assessed in which the movement should stop and reverse direction. Think of support / resistance (S / R) as levels that act as a floor or ceiling to future price movements.
There are literally hundreds of different price patterns and indicators out there.
§ Technical analysis is a terrific tool, but is much more effective when combined with fundamental analysis.