Abstract: The stock market is a potent, fickle and fast-changing domain. Unanticipated market occurrences and unstructured financial information complicate predicting future market responses. A tool that continues to be advantageous when forecasting future market trends in a global aspect is correlation analysis to significant market events. Data analysis can be used for the difficult task of making stock market forecasts in case the stock price rises or fall. A high number of automated exchanges in the stock market are done with advanced prognostic software. Data analysis is centered on the main idea that previously recorded data is used to predict future patterns. This advancement is aimed speculators in pinpointing hidden data in real evidence that would give them some financial foresight when considering their ventures of choice. Data analysis can be applied in order to predict the rises and falls of stocks in the future. This paper aims to critically investigate, develop and judge the different systems that predict and assess future stock trades as these systems have their own various process to foretell the fluctuations in the costs of stocks. Several different technical analysis indicators have been applied in this study including; Chaikin Money Flow (CMF), Stochastic Momentum Index (SMI), Relative Strength Index (RSI), Bollinger Bands (BBands), and Aroon (Aroon) indicator. The experiments have been conducted using R programing language over two companies’ real-world datasets obtained for two years from Saudi stock market (NOMU) which is a parallel stock market with lighter listing requirements that serves as an alternative platform for companies to go public in the main market. To the best of our knowledge, this is the first work to be conducted in NOMU stock market.

Mohammed A. Al Ghamdi, “The Role of Technical Analysis Indicators over Equity Market (NOMU) with R Programing Language” International Journal of Advanced Computer Science and Applications(IJACSA), 10(6), 2019. http://dx.doi.org/10.14569/IJACSA.2019.0100660

@article{Ghamdi2019,
title = {The Role of Technical Analysis Indicators over Equity Market (NOMU) with R Programing Language},
journal = {International Journal of Advanced Computer Science and Applications},
doi = {10.14569/IJACSA.2019.0100660},
url = {http://dx.doi.org/10.14569/IJACSA.2019.0100660},
year = {2019},
publisher = {The Science and Information Organization},
volume = {10},
number = {6},
author = {Mohammed A. Al Ghamdi}
}