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Predicting Movement of Stock of Apple Inc. using Sutte Indicator

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  • Ahmar, Ansari Saleh

    (Universitas Negeri Makassar)

Abstract

The purpose of this study is to apply technical analysis e.g. Sutte Indicator in Stock Market that will assist in the investment decision-making process to buy or sell of stocks. This study took data from Apple Inc. which listed in the NasdaqGS in the period of 1 January 2008 to 26 September 2016. Performance of the Sutte Indicator can be seen with comparison with other technical analysis e.g. Simple Moving Average (SMA) and Moving Average Convergence/Divergence (MACD). Comparison of the reliability of prediction from Sutte Indicator, SMA, and MACD using the mean of square error (MSE), mean absolute deviation (MAD) and mean absolute percentage error (MAPE).

Suggested Citation

  • Ahmar, Ansari Saleh, 2017. "Predicting Movement of Stock of Apple Inc. using Sutte Indicator," INA-Rxiv pcxr5, Center for Open Science.
    • Handle: RePEc:osf:inarxi:pcxr5
    DOI: 10.31219/osf.io/pcxr5
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    References listed on IDEAS

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    1. Han, Yufeng & Yang, Ke & Zhou, Guofu, 2013. "A New Anomaly: The Cross-Sectional Profitability of Technical Analysis," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 48(5), pages 1433-1461, October.
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