Asymmetry in the Subsequent Movements' Proportions of Share Prices Included in the WIG

• Authors: A. Szmagliński
• Languages of publication: EN

Abstracts

EN

The intraday data of stock prices allow us to collect in the form of histogram the subsequent movements' proportions in price and time. Here we continue the previous work [Acta Phys. Pol. A 123, 621 (2013)], concerning the properties of subsequent price movements' proportions in the opposite directions and proportions of subsequent price movements in the same direction. Here we distinguish between the proportions with growing and decreasing second price movement in the proportion. We investigate quantitatively the effect of breaking the turning point of resistance and support levels depending on the percentage size of price movements. In the same way we treat the main peak in the histogram for the equal subsequent price movements.

Keywords

EN

05.45.Df; 05.45.Tp; 89.65.Gh

Discipline

• 05.45.Df: Fractals(see also 47.53.+n Fractals in fluid dynamics; 61.43.Hv Fractals; macroscopic aggregates in structure of solids)
• 05.45.Tp: Time series analysis
• 89.65.Gh: Economics; econophysics, financial markets, business and management(for economic issues regarding production and use of renewable energy, see 88.05.Lg)

• Publisher: Institute of Physics, Polish Academy of Sciences
• Journal: Acta Physica Polonica A
• Year: 2015
• Volume: 127
• Issue: 3A
• Pages: A-136-A-138

Dates

published

2015-03

Contributors

author

A. Szmagliński

• Cracow University of Technology, Institute of Physics, Podchorążych 1, 30-084 Kraków, Poland

References

• [1] A. Szmagliński, Acta Phys. Pol. A 123, 621 (2013), doi: 10.12693/APhysPolA.123.621
• [2] Thomas J. Dorsey, Point and Figure Charting. The Essential Application for Forecasting and Tracking Market Prices, John Wiley & Sons, Inc., 1995
• [3] Steve Nison, Beyond Candlesticks. New Japanese Charting Techniques Revealed, John Wiley & Sons, Inc., 1994
• [4] P. Samuelson, Economics: The Original 1948 Edition, McGraw-Hill/Irwin

Identifiers

DOI

10.12693/APhysPolA.127.A-136