Ali Forouzan near the end
Predicting Stock Price Breakouts and Reversals Using Elastic Matching and Probability Density Analysis
By Ali Forouzan, Hadi Sadoghi Yazdi
Probability date for submission: October 10, 2024.
Part of Abstract
Predicting stock price breakouts or reversals at critical chart levels—known as Change of Character (CHoCH)—is a complex challenge due to the intricate interplay between market data, global news, social media, and economic indicators. This paper introduces a novel methodology that leverages a vast network of interconnected information sources, advanced data analysis techniques, and sentiment analysis to forecast these pivotal market movements with unprecedented accuracy.
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A breakout in the stock market refers to the point at which the price of a stock moves beyond a defined support or resistance level, often signaling the start of a new trend and attracting increased trading volume.
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