THE USE OF CHARTS FOR THE TECHNICAL ANALYSIS OF THE SHARES QUOTED ON THE STOCK EXCHANGE

The evaluation of the future levels, that the different shares quoted on the stock exchange will be traded at, is a complex activity, which involves gathering and processing a high volume of information and also experience and a little flair in their interpretation. The Technical Analysis is a statistical method for estimating the evolution of the shares prices depending on the past evolution of these and on the volume of the transactions. It relies on using the charts for prices and volumes of the shares and also on a series of measures based on these. Its aim is to forecast the evolution on short term of the stock prices by considering the hypothesis that the historical trends reiterate in time and that there is a logical explanation regarding this evolution. Key words: Technical Analysis, shares, stock exchange, candlestick chart 1