Testing Technical Anomalies in Athens Stock Exchange

European Research Studies Journal, 9, 3-4, pp 75-90 (2006).

16 Pages Posted: 11 Sep 2014

See all articles by Nikolaos Eriotis

Nikolaos Eriotis

National and Kapodistrian University of Athens

Dimitrios Vasiliou

National and Kapodistrian University of Athens

Spyros Papathanasiou

National and Kapodistrian University of Athens

Date Written: 2006

Abstract

The purpose of this paper is to investigate the existence of historical Market anomalies in the Athens Stock Market (ASE). The market anomalies that are going to be explored are technical ones concerning the trading rules of the various types of moving averages.

The above anomalies were observed in most developed and developing markets. This study will investigate these effects for the most important index of the Athens market, the Athens General Index. The data used are for the period from 1/1/1990 to 31/12/2004. Overall, our results confirm the existence of technical anomalies in ASE and provide strong support for profitability of those technical trading rules.

Keywords: Stock markets, technical anomalies, bootstrap.

JEL Classification: G12, G15

Suggested Citation

Eriotis, Nikolaos and Vasiliou, Dimitrios and Papathanasiou, Spyros, Testing Technical Anomalies in Athens Stock Exchange (2006). European Research Studies Journal, 9, 3-4, pp 75-90 (2006)., Available at SSRN: https://ssrn.com/abstract=2494224

Nikolaos Eriotis

National and Kapodistrian University of Athens ( email )

5 Stadiou Strt
Athens, 12131
Greece

Dimitrios Vasiliou

National and Kapodistrian University of Athens ( email )

Athenes
Greece
0030 210 3689486 (Phone)

Spyros Papathanasiou (Contact Author)

National and Kapodistrian University of Athens ( email )

1, Sofokleous Str.
Athens, 10559
Greece

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
35
Abstract Views
505
PlumX Metrics