TECHNICAL ANALYSIS OF THE CAPITAL MARKET IN ROMANIA

BRATIAN Vasile, Lucian Blaga University of Sibiu

Abstract:
This paper presents a technical analysis of the capital market in Romania. In this respect, we used the closing values of the BET index. The BET index is a composite index of the Bucharest Stock Exchange, formed of the top ten most liquid listed companies. The technical analysis is performed on the following areas: trend indicators, moment indicators and volatility indicators. In many analyses of the Romanian capital market, it has been found that it has a low level of efficiency and can be an opportunity for many investors to obtain abnormal incomes. In this market are still many periods when the technical analysis is relevant to investors, the market is not efficient in a poor form.

Keywords: technical analysis, trend indicators, moment indicators, volatility indicators

JEL Classification: C61, C88, G12

Volume: 70, Issue: 6

Pages: 14 - 21

Publication date: December, 2018

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/70602bratian.pdf

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