出版社：LLC “Consulting Publishing Company “Business Perspectives”
摘要：This study investigates the profitability of two popular technical trading rules í the Moving Average Convergence Divergence(MACD)and the Relative Strength Index(RSI)í in the Australian stock market.Utilizing relatively recent data from 1996 to 2014 on the Australian All Ordinaries Index,the authors find that the MACD generally performs poorly,although the RSI shows some profit potentials.Overall,the results suggest that the Australian stock market is not weak form efficient.Implication of this finding is that participants in the Australian stock market can use technical trading rules to earn abnormal returns on a consistent basis.
关键词：technical analysis;Moving Average Convergence Divergence;Relative Strength Index;Australian stock market;market efficiency.
