"Predicting the Movement of Stock Prices Using Technical Analysis Indicators": Applied Research in a Sample of the Shares of Iraqi Private Commercial Banks

Abstract

The research aims to identify technical analysis indicators (simple moving average، relative strength index، estimation index)، and their impact on predicting the movement of stock prices for Iraqi private commercial banks، by examining the methods used in technical analysis and its various models, in general, and its indicators in particular. And the methods of benefiting from them in making the rational investment decision aimed at achieving rewarding returns in the financial markets, and diagnosing the obstacles and difficulties that the participants face in predicting stock prices، and proposing solutions and recommendations to overcome and overcome them from a scientific and practical perspective.    

As the research community consisted of Iraqi private commercial banks، which numbered (25) banks، while the research sample consisted of (7) banks with a rate of (28%) of the research community، the research used the analytical approach for the financial data in the period between (1/8 /2021-30/4/2022)، as the financial statements (closing prices) of the research sample banks were calculated by means of mathematical equations for technical indicators، and represented them in the form of graphs to clearly determine price trends and (buy and sell) signals.

The research came out with a set of recommendations، the most important of which is the need for private Iraqi commercial banks to strengthen the position of technical analysis as a qualitative tool used to improve the investor's decision، and increase the ability to analyze and predict. Purpose، and urging academic authorities to shed more light on technical analysis by encouraging research and studies because of its great importance in the decision to invest in stocks in the future.