[pt] Desenvolvemos um modelo de mercado de ações baseado em agentes e o simulamos numericamente. Os agentes são heterogêneos, possuem aversão ao risco e adotam estratégias de negociação provenientes da análise técnica. As flutuações são governadas por uma componente estocástica no investimento dos agentes. O modelo reproduz os fatos estilizados observados empiricamente nos mercados de ações no regime normal, tais como distribuição de retornos com caudas longas, memória de curto-alcance na série temporal de retornos e correlação de longo-alcance na volatilidade. Nossas simulações mostram que estes fenômenos empíricos emergem endogenamente do comportamento coletivo dos agentes, apesar da simplicidade do modelo. Isto sugere que a dinâmica complexa do mercado não surge da complexidade do comportamento individual dos investidores, mas sim da interação entre eles através da formação do preço de mercado. / [en] We develop a multi-agent based model of stock market and simulate it numerically. The agents are heterogeneous and risk-averse, adopting trading strategies deriving from technical analysis. The fluctuations are driven by a stochastic component in agent´s investment. The model is able to capture the stylized facts observed empirically in the stock markets in the normal regime, such as long tails in the distribution of returns, short-memory in the return temporal series and long-range correlation in volatility. Our simulations show that these empirical phenomenons emerge endogenously from the collective behavior of the agents, despite the simplicity of the model. This suggests that the complex market dynamics do not arise from the complexity of the individual investors but rather from interactions between them trough the market price formation.

This diploma thesis deals with the testing of the success of individual candlestick patterns of technical analysis. In the first part the theoretical basis of technical analysis and candlestick patterns will be presented. The second part will define basic candlestick patterns and their program definition. Backtesting on historical data will verify the success of individual candlestick patterns on EURUSD currency pair. In the third part, a trading system will be built based on the results of the testing of the candlestick patterns. An optimal setting of the trading system will be proposed. The aim of the thesis is to test success rate of candlestick patterns and find out if the candlestick pattern trading system is able to generate profits.

This master thesis in its opening chapter inform about some basic charakteristics of New York Stock Exchange. Then indicators and tools of fundamental and technical analysis of stocks are explained in folowing chapters. In practical part of the thesis is taking place a evaluation of fundamental and technical analysis based on historical data from american stock market. For this prupose the data of constituents companies of Dow Jones Industrial Average index are used covering market history as far as possible.

Diploma thesis focuses on the description of the financial market and its importance in the economy and examines the various approaches and methods of analysis of investment instruments and the nature of investing at all. The main part is devoted to tools of the technical analysis of shares and financial derivatives and their practical use in deciding on investment in financial markets. The most important part of this work is the follow-up evaluation of the effectiveness of investments.

This thesis is devoted to the technical analysis with the emphasis on design, testing and using of trading systems. Its objective is to find out whether it is possible for a trader to design and trade his own profitable trading system with widely accessible tools and methods. First part of the thesis is focused on the chart analysis and description of candlestick charts including their rate of profit success, all based on hands-on experience in a real market. It continues with a breakdown of most used methods based on moving averages. The second chapter fully describes main stage of trading system development and follows up with third chapter on practical application of the theoretical assumption on the real market conditions, i.e. to design a profitable trading system

This paper initially presents the theory behind technical analysis and the conditions for using it. Then it describes how the test of indicators was made. Then the results are commented upon by various titles, markets and indicators. After evaluating the success of technical analysis on various markets, this success was compared between the markets what led to determination of the markets efficiencies.

This thesis is focused on selected methods of the technical analysis and their application on foreign exchange rate. The goal is to evaluate the usability of individual methods in the field of foreign exchange market. The main emphasis is on moving averages, but also other methods are tested. For the purpose of evaluation is used the profitability of tested methods or other suitable characteristics. The methods of technical analysis are theoretically described in the first part of this thesis and in the second part follows their testing with the use of real data and the evaluation of their performance.

Diploma thesis focuses on fundamental and technical analysis of the stock Komerční banka, a.s. The aim of the work is to applicate techniques of both analyses and prepare investvment recommendations according to acquired results. This work also provides theoretical background of particular analyses and applied methods. The first chapter contains global fundamental analysis supplemented by analysis of relations between main factors and index PX using correlation coefficient. Another two chapters deal with sector analysis and calculation of intrinsic value of the stock. The last chapter is devoted to technical analysis using chart's methods and methods based on technical indicators.

Thesis combines two approaches towards stock analysis, fundamental and technical analysis. Prime objective is to present main instruments of both analysis techniques. At first there is presented theory of both, fundamental and technical analysis. Under the fundamental section there are presented global and sector factors that influence prices of stocks. Section of technical analysis starts with historical overview, followed by graphical analysis and technical indicators. Second part consists of the application of chosen methods of fundamental and technical analysis. There are plenty of graphs and practical examples within the application section to support theoretical principles.

The purpose of thesis is to compare the selected methods of predictive technique on the capital markets. I have processed the comparison of methods through the practical application of them in practice to share the selected title in a particular period of time. The objective of the selected methods comparison is signal detection of them in the chosen time period.