A literature review of technical analysis on stock markets

Several studies have been published in the last 55 years exploring technical analysis. However, there is a lack of research that consolidates the available knowledge concerning technical analysis. The main goal of this paper is, by classifying and coding published papers, to summarize and systematize the significant research that has contributed to the development of the field. Our paper contributes to the existing literature on technical analysis by presenting an overview of characteristics of the literature and potential knowledge gaps in this area, focusing on the analysis of stocks. The paper also discusses suggestions for future research in technical analysis.