Stock Prediction Using Dual Analysis of Candlestick Chart Pattern

Stock prediction is a challenging task unless it is studied. The researchers found multiple tools to forecast the trends of the stocks. The accurate trend-following model helps the investors to use their capital to grow. These models also help the investor to select the proper stock and to reduce the risk of losing capital. The investor can use the proper risk management and position sizing of the stock they select. Reliable stock market models can provide investors with the information they need to make more informed data-based decisions. Traders can select the most profitable stocks and reduce investment risk by employing these algorithms. Since there are numerous factors that affect the stock market's process of uncertainty, it is impossible for anybody to predict the future of the market. To address this issue, a model that compiles all of the knowledge from past data is constructed. Stock market forecasting is a crucial aspect in finance and business since it involves analyzing data pertaining to stocks that indicate future trends in the market, investigates the theory and application of real-time analytic methods for stock price trend prediction utilizing a data-set that has been altered. Shares of publicly traded corporations are traded on the stock market. On the basis of their stock, their shares are purchased and sold. Asset and stock prices play a significant role in the economy. Share prices are influenced by a wide range of factors. Nevertheless, there isn't a clear reason why the prices are rising or falling. Investments are therefore vulnerable to a number of dangers. In order to determine if an investment is profitable or a financial loss, we have proposed a revolutionary way for predicting stock prices using statistical data and candlestick charting for up to three to four days. This method is also useful for future stock analysis.

Authors

Publication Details

Published
2024-11-22
DOI
https://doi.org/10.1109/icetems64039.2024.10965039
Citations
6
Primary Topic
Stock Market Forecasting Methods
Type
article
Field-Weighted Citation Impact
2.94
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article

Stock Prediction Using Dual Analysis of Candlestick Chart Pattern

Prasanna Palsodkar, Vilas Alagdeve, Pradeep Karule
6 citations
Stock Market Forecasting Methods
2.94
article

Stock Prediction Using Dual Analysis of Candlestick Chart Pattern

Prasanna Palsodkar, Vilas Alagdeve, Pradeep Karule
article en
6 citations

Abstract

Stock prediction is a challenging task unless it is studied. The researchers found multiple tools to forecast the trends of the stocks. The accurate trend-following model helps the investors to use their capital to grow. These models also help the investor to select the proper stock and to reduce the risk of losing capital. The investor can use the proper risk management and position sizing of the stock they select. Reliable stock market models can provide investors with the information they need to make more informed data-based decisions. Traders can select the most profitable stocks and reduce investment risk by employing these algorithms. Since there are numerous factors that affect the stock market's process of uncertainty, it is impossible for anybody to predict the future of the market. To address this issue, a model that compiles all of the knowledge from past data is constructed. Stock market forecasting is a crucial aspect in finance and business since it involves analyzing data pertaining to stocks that indicate future trends in the market, investigates the theory and application of real-time analytic methods for stock price trend prediction utilizing a data-set that has been altered. Shares of publicly traded corporations are traded on the stock market. On the basis of their stock, their shares are purchased and sold. Asset and stock prices play a significant role in the economy. Share prices are influenced by a wide range of factors. Nevertheless, there isn't a clear reason why the prices are rising or falling. Investments are therefore vulnerable to a number of dangers. In order to determine if an investment is profitable or a financial loss, we have proposed a revolutionary way for predicting stock prices using statistical data and candlestick charting for up to three to four days. This method is also useful for future stock analysis.

Openalex Percentile: Top 8%
Stock Market Forecasting Methods
2.94
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