comparison of the efficiency of a novel fundamental analysis method and indicator-based technical analysis in predicting the value of pharmaceutical companies’ share in tehran stock market

there are two major methods in predincing the pattern of share value in the stock market: fundamental analysis and technical analysis. i this study we developed a novel model for fundamental analysis of share price and validated it by predicting the behavior of phrama share price in tehran stock market. the efficiency of the fundamental method was compared with that of indicator-based technical analysis and the implications for facilitating investment was discussed.