What is it about?
The aim of this study is to apply technical analysis Sutte Indicator at stock market that will assist in the decision-making process in investment to buy or sell stocks. This study took data from Stock of “Y” which listed in the NasdaqGS from the period 18 May 2012 to 30 August 2016. The performance of the Sutte Indicator can be checked with comparison with Moving Average Convergence/Divergence and Simple Moving Average. For comparison of the reliability of prediction, we can use the mean absolute percentage error, mean absolute deviation, and mean of square error.
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Why is it important?
Core indicators used in Sutte Indicator is the modified Moving Average indicator by considering the stock price at the time of opening, closing, highest and lowest. Sutte Indicator could form two graphs that show when stocks are looking for the suitable stock to buy and sell. This figure is intended to provide a signal to investors to get maximum profit with minimal losses.
Perspectives
Based on the discussion and analysis in the previous section, it can be concluded that Sutte Indicators are preferable to predicting of movements in stock. If compared with other indicators method (SMA and MACD) from MSE, MAD and MAPE type of reliability then Sutte Indicator have a better level of reliability in predicting the movement of stocks of “Y.”
Mr Ansari Saleh Ahmar
Universitas Negeri Makassar
Read the Original
This page is a summary of: Predicting movement of stock of “Y” using Sutte Indicator, Cogent Economics & Finance, June 2017, Taylor & Francis,
DOI: 10.1080/23322039.2017.1347123.
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