In fundamental analysis, the price of a stock is determined by the supply and demand for
the stock based on its economic fundamentals. For this reason, fundamentalists (people relying
on fundamental analysis) look for changes in such basis of a stock’s value as the corresponding
company’s economic data, which will eventually lead to changes in supply and demand for the
stock and thus changes in the stock price. Technicians, on the other hand, seek confirmation of
changes in supply and demand through market signals and indicators defined in numerous
methods [2].