technical analysis A method of evaluating securities by relying on the assumption that market data, such as charts of price, volume, and open interest, can help predict future (usually short-term) market trends. Unlike fundamental analysis, the intrinsic value of the security is not considered. see also advance/decline line, head and shoulders, moving average, point-and-figure chart, resistance, support, analysis, ascending bottoms, ascending tops, descending bottoms, descending tops, breadth-of-market theory, breakout, chartist, cup and handle, saucer, flag, pennant, head and shoulders, double bottom, double top, Elliott Wave Theory, hi-lo index, momentum indicator, moving average, MACD, on-balance volume, overbought, oversold, overbought/oversold indicator, random walk theory, reading the tape, relative strength, resistance, support, signal, technical analyst, technical indicator, test, trendline, vertical line charting, Arms Index.
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