answer:Technical Analysis is a look at the charted history of price movements over a period of time in an effort to determine the short term movement of the price. A number of items may be perused in the process: the 20 day moving average, the 60 day moving average, the 200 day moving average. The “shape” of daily price movements, which reflects the pattern the stock price demonstrates (Does it open at the high, low, or midpoint, and where does it close?). Also, the breadth of each day’s movement, does it move up or down on heavy volume, or light one way, heavy another? Analysts may also look at the overall shape of the price chart. A common one is to see if the chart looks like a “shoulder” (up and then down over time) followed by a “head” (a higher high, followed by another down turn to the same level where it was last moving up), followed by another shoulder. There is no single technical theory that is dominant or has consistently demonstrated a method of predicting stock prices.