Technical analysis is a method of evaluating securities that involves analyzing market activity statistics such as past prices and volume. Technical analysis is used by traders to forecast future price movements and identify trading opportunities. Some traders believe that technical analysis, which involves analyzing a company's financial data, is more objective than fundamental analysis because technical analysis is based on historical data and past performance rather than subjective opinions about a company's future prospects. To make more informed investment decisions, technical analysis can be used in conjunction with fundamental analysis. Furthermore, technical analysis can be useful for traders who trade in short time frames because it allows them to identify potential entry and exit points for trades quickly.