OUR ACADEMIC DEPARTEMENTS

Lesson details

TECHNICAL ANALYSIS
2018-2019	EnIESEG School of Management ( IÉSEG )
Class code :	1819-IÉSEG-M1S1-FIN-MA-EI71UE	FINANCE

Level	Year	Period	Language of instruction
Master	1	S1	EnEnglish

Academic responsibility	M.PETITJEAN
Lecturer(s)	M.PETITJEAN

IÉSEG > IESEG Degree - Programme Grande École > Semester 1 > 2,00 ECTS
IÉSEG > IESEG Degree - Programme Grande École > Semester 2 > 2,00 ECTS

Prerequisites

Students who register for this course should be familiar with
1. basic calculus, statistics and probability theory;
2. financial derivatives such as forward and option contracts;
3. basic knowledge of data management (e.g., MS Excel);
4. knowledge of Bloomberg Terminal.

Learning outcomes

At the end of the course, the student should be able to:
-understand the basic principles of technical analysis that include technical indicators and patterns;
-understand the basic extensions to technical analysis
-understand the technical analysis controversy and its relationship to market efficiency and behavioural finance.

Course description

Technical analysis examines the practical value of two types of analysis: charting, which identifies geometric patterns in the history of prices, and technical indicators approach, which mechanically applies mathematical trading rules constructed from past and present prices (and volumes). Such approaches ignore fundamental information about the price; however, they have been shown to result in trading profitability and are widely used by banks, fund managers and hedge funds. This course is aimed at providing students with an understanding of how technical analysis is used to uncover trends and predict turning points in financial markets. In addition, the course covers a number of related issues that include the efficient market hypothesis, event studies, calendar effects, market anomalies, and behavioral finance considerations.