Technical analysts observe patterns of the stock market to make predictions about its future performance. This systematic approach to financial forecasting takes into account statistics like stock price, trading volume, trade rates, securities, and interest rates. Analysts apply this information to statistical formulas to derive the best time and price at which to sell stocks. Along with evaluating stock market trends, analysts may gather, file, and present such data for use by their employers.
Technical analysts should possess both critical-thinking and analytical skills. Since they're dealing with the public and presenting financial data and strategies, they need good communication skills. In addition to a strong background in math, technical analysts should have experience working with computer spreadsheets and computer software programs.