The Possibility Of Using The Relative Strength Index To Make An Investment Decision In The Damascus Stock Exchange "Applied Study On Traditional Private Banks In Syria"

Abstract

In view of the importance of investing in the financial markets and the risk of the investment decision in case it was taken incorrectly, this study worked to ascertain the extent to which the RSI could be used to make the investment decision in the Damascus Stock Exchange, where the investment decision was represented by the trading volume of shares The market has focused on the banking sector in general and traditional private banks in particular, and the study was conducted over ten years from 2011 to 2021 on a daily basis for the prices of shares listed on the website of the Damascus Stock Exchange and working on analyzing them statistically after obtaining the value of Daily Relative Strength Index.

The study found the possibility of using the indicator in making an investment decision with the positive results obtained, but it needs support development and increase of knowledge in it to prove its effectiveness further.