There are some methods to evaluate a company using fundamental data during past n years. This method is good for long term investing rather that short-term trading.
I think that technical analysis has a better effect on short-term trading.
I wonder if there are any mathematical method to combine the results of technical charts such as stochastic or RSI or MACD to come up with a single number for a stock?
re:
I’m not looking for technical charts , I’mlooking for a mathematical combination of these charts to come up with a single number for a company.
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As someone who daytrades for a living, I can tell you that technical analysis when used correctly, DOES WORK. I’m living proof of it. You’ll find though that it is almost impossible to come up with an exact price for which to get in or out. Rather, I use the indicators to give me an a good idea of when I might want to get in or out and if I miss by a little, that’s ok. The goal is to be consistent. The indicators you mentioned happen to be the ones I use and while they can be tricky at times, experience will teach you when they’re giving false vs. positive signals.
Yes ali ther are many sites which provide technical analysis.
There are various indicators like MACD or RSI or many others. I personally use MACD and RSI and they work and predict quite well.
Sites like indiabulls.com etc provide free technical analysis of these indicators.