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- Title
RSI backed momentum in Stock Prices of selected OPEC countries.
- Authors
SINGLA, RAJAT; NIDHI; MALIK, NARINDER SINGH
- Abstract
It is evident from the available literature that technical analysis can be used to create profitable opportunities in comparison to buy and hold strategy. But in many studies differing point of view has been presented by researchers regarding profitability of different techniques of technical analysis. Thus this study is specifically focusing on examining the predictability of the Relative Strength Index. The study is focused on examining the patterns in equity stock indices in selected OPEC markets using the Relative Strength Index with filter rules. The popular technical trading rule of RSI 50 crossover is tested using a 2% filter on Saudi Arabia, Qatar and U.A.E. from the first trading day of 2002 to the last trading day of 2021 for twenty years. It was concluded that RSI can give enough opportunities to the investors to generate more returns as compared to returns of passive Buy-Hold strategy.
- Subjects
QATAR; ORGANIZATION of Petroleum Exporting Countries; STOCK prices; STOCK price indexes; INVESTORS; RESEARCH personnel; INVESTMENT management
- Publication
Finance India, 2023, Vol 37, Issue 4, p1043
- ISSN
0970-3772
- Publication type
Article