Hello, thank you for asking!
Technical analysis is a tool used by investors to analyze statistical trends gathered from trading activity, prices, and movements. Different from fundamental analysis which relies on studies of sales and earnings, technical analysis focuses on price and volume.
Technical analysts seek to predict the price changes and changes in the value of stock according to the data gathered from supply and demand. This data helps generate short-term signals for trading, but also can act as an indicator of the strength of a specific stock.
Technical analysis can be used on any security with historical trading data. This includes stocks, futures, commodities, fixed-income, currencies, and other securities. Only commodities that have this data can be analyzed in the technical analysis due to the necessary input.
The goal of technical analysis is to make trading easier for investors, providing them with exact historical data, and giving predictions according to this data.