T

Glossary · PSX term

Technical analysis.

Technical analysis studies price charts and trading patterns to forecast future moves.

Definition

Rather than valuing the business, it relies on trends, volume, and indicators like moving averages and RSI to time entries and exits. It assumes price history and patterns carry useful information.

Worked example

Using chart patterns and a 50-day moving average to time a trade is technical analysis.

Related on PSX Clarity

Fundamental analysis

Relative Strength Index (RSI)

Support and resistance

More glossary terms

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Trading volume is the number of shares traded during a session or period. It helps investors judge liquidity and how much activity sits behind a price move.

Treasury shares

Treasury shares are a company's own shares that it has bought back and holds rather than cancelled.

Term Finance Certificate (TFC)

A TFC is a corporate debt instrument in Pakistan, essentially a tradable company bond.

Treasury bills (T-bills)

T-bills are short-term debt instruments issued by the Government of Pakistan, usually up to one year.

Terminal value estimates a company's worth beyond the explicit forecast period in a valuation.

Time horizon is how long you plan to keep money invested before you need it.

Total return is the full gain from an investment, including both price change and dividends.

A ticker symbol is the short code used to identify a listed company on the exchange.