Technical skills are sets of abilities or knowledge used to perform practical tasks in science, art, technology, engineering, and mathematics.
Technical skills usually require the use of certain tools and the technology needed to use those tools.
In finance, technical skills can refer to traders and analysts who follow technical analysis procedures using charts, indicators, and patterns to generate buy and sell signals.
In most cases, the acquisition of advanced technical skills requires special training or education, which takes time and resources.
Technical skill requirements are listed for most career areas.
The Accumulation/Distribution Line (A/D) measures the supply and demand of an asset or security by looking at where price closed in a period range and then multiplying that by volume.
A bull trap means a reversal that forces market participants who are on the wrong side of the price movement to close positions with unexpected losses.
A bullish engulfing pattern is a candlestick pattern that forms when a small black candlestick the next day is followed by a large white candlestick whose body completely overlaps or engulfs the body of the previous day’s candlestick.
Capitulation occurs when a significant proportion of investors give in to fear and sell within a short period of time, resulting in a sharp drop in the price of a security or market against a backdrop of high trading volume.
Consolidation is a technical analysis term used to describe the price movement of a stock within a given range of support and resistance over a period of time.