Analyzing the fibonaci coefficients of Bi̇st100, Bi̇st30 indices and some bi̇st30 stocks in terms of technical analysis

In this study, Fibonacci analysis applications selected from technical analysis methods in financial markets were made. Firstly, the Fibonacci correction levels, target price determination with Fibonacci coefficients, Fibonacci fan lines and Fibonacci time zones to be used in this analysis are explained theoretically. Then, theoretically explained Fibonacci analysis methods were applied to BIST100, BIST30 index charts and price charts of selected BIST30 stocks. Then, the MACD indicator was added to these applications simultaneously. It has been revealed that a system that works with high efficiency is created when both Fibonacci analysis methods and the MACD indicator produce a buy or sell signal at the same time. A prediction is made for the price movements expected to occur in the future for a selected stock, based on statistics in past data. In estimating Fibonacci correction levels, it has been determined that the selected stock remains at the same levels in the future at which levels it finds support and resistance in its past data. The target price determination was estimated for another selected stock with Fibonacci coefficients and it was determined that it showed the same statistics as the past data. It has been revealed that when the MACD indicator is applied in addition to Fibonacci analysis, the system works more efficiently both in the analysis of past data and in future price predictions.