ACCURACY OF SIGNALS GENERATED BY TECHNICAL ANALYSIS INDICATORS FOR SHARES OF COMPANIES WITH STATE TREASURY PARTICIPATION
ACCURACY OF SIGNALS GENERATED BY TECHNICAL ANALYSIS INDICATORS FOR SHARES OF COMPANIES WITH STATE TREASURY PARTICIPATION

Summary/Abstract: Searching for accurate investment strategies is extremely important from the pointof view of every investor. The aim of the article is to assess the accuracy of investmentstrategies that can be used when investing in dividend-paying State Treasury companies.The first part of the article focuses on State Treasury companies, presenting thecharacteristics of their dividend policy in the light of previous research. The second partfocuses on technical analysis indicators and the accuracy of the signals they generate inforecasting prices on the stock market. The third part presents the assumptions and researchprocedure. The fourth, empirical part of the article presents the results of research on theaccuracy of three different investment strategies: the classic "buy and hold" strategy,a strategy based on signals generated by the RSI indicator and a strategy in which onlyopening signals are generated by a technical indicator. The research results indicate thesuperiority of the third strategy over the other two. The significant improvement in rates ofreturn in all strategies was influenced by the dividends paid by the companies, which is whythis type of companies can be considered an attractive investment.

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