The Role Of Technical Analysis In The Nasdaq100 Index(Technology Sector Survey On The Nasdaq100 Index)
Keywords:
Candlestick, Fibonacci Retracement, Relative Strength Index, Stocks, NASDAQAbstract
This study aims to analyze the movement of stock prices in telecommunications sub-sector companies listed on NASDAQ for the period 2019–2023 using technical analysis, namely candlestick indicators , Fibonacci retracement ratios , and Relative Strength Index (RSI) . This method is used to help investors identify price trends, potential reversals, and overbought or oversold stock conditions. The study was conducted on three companies as samples with a quantitative descriptive approach. The results of the study show that: (1) candlesticks are effective in visually describing the direction of stock price trends, (2) Fibonacci retracements help predict support and resistance points based on swing highs and swing lows, and (3) RSI is useful in assessing the strength of trends and stock price momentum. In conclusion, the combination of these three indicators can be an important tool for investors in making more precise and measurable investment decisions.
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