| Summary: | 碩士 === 明道大學 === 企業高階管理碩士班 === 107 === This study aims to find a reliable technical indicator for investors in the stock market which seems to be always unpredictable. In this study, the KD technical indexes is used to verify the investment performance of the electronic, financial and production stocks in the Taiwan stock market. The research collected data containing how the KD technical indexes trading strategy is used for the simulated transaction of the listed stocks from January 1, 2016 to December 31, 2018. The results show that 1) the average profit is higher than the average loss 2)the times of profit is more frequent than that of the loss, and 3)the total rate of return is positive is higher than the bank's deposit interest rate, but lower than the buy-and-hold, which fails to prove that the Taiwan securities market have weak efficiency. The study concludes that when KD technical indexes is applied to financial stocks, they have higher returns and stability, indicating that KD technical indexes have their application value.
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