受惠於電動車和儲能概念，鋰電池產業在未來將具一定的成長幅度，當投資人觀察到具成長潛力的產業時，會將手中資金投入此產業賺取報酬，而在台灣投資環境中，散戶佔了一定的程度，其中散戶相對偏好短線進場，因此技術分析成為他們常用的投資分析工具，本研究將透過中價技術指標報酬率來檢驗是否優於目前常用的KD和RSI技術指標，並和無風險利率進行報酬率比較，利用市場上常用的回測交易軟體-MultiCharts進行績效回測。

本研究的研究結果發現，除了長園科技、聚合、南亞、美律、西勝和海德威六檔個股之外，其他三十檔鋰電池個股以中價技術指標回測績效，皆優於KD和RSI技術指標回測績效，根據夏普指標結果，本研究在技術面推薦四檔鋰電池個股分別為：台達電、新普、順達和致茂，並搭配基本面選股推薦六檔個股：中碳、聚鼎、台達電、順達、新普和博大，進行交叉比對，在鋰電池產業個股投資方面，本研究推薦台達電、順達和新普三檔個股進行投資。而本研究也發現鋰電池產業上中下游間有互相影響之現象，投資人可以利用中其中一游之報酬率為投資參考，搭配中價技術指標買賣訊號來獲得較佳獲利。

Lithium battery industry will experience continued growth because it benefit from the demand about the electric vehicle and energy storage. Investor will use their funds in Lithium battery industry to earn the money when they observe the industry with growth potential. In Taiwan stock market, individual investor account for a certain proportion. They relatively prefer use the short-term analysis approach to invest especially the technical analysis. Therefore, this study will examine whether it will better than commonly used KD and RSI technical indicators through the return on Mid-price technical indicators and compared with risk-free interest rate using MultiCharts software to back test performance.

This study found that thirty stocks are better than KD and RSI indicators. According to the technical analysis Sharp indicator and fundamental analysis, this study recommended Delta electric, DynaPack and SimPlo technology stocks to invest. The study also found that the lithium battery industry has a mutual influence from upstream companies to downstream companies. Investors can use the return rate of one of the steam as a reference for investment, and use the mid-price technical indicators to obtain better profits.

目錄
第一章 緒論
第一節 研究背景
第二節 研究動機
第三節 研究目的
第二章 文獻探討
第一節 市場不效率
一、資訊取得不完全是免費
二、投資人非所有人皆理性
三、市場不具效率性
四、技術分析有效性
第二節 技術指標於台灣股市之應用
第三章 研究方法
第一節 資料來源
第二節 個股選擇
一、股東權益報酬率篩選
二、自由現金流量篩選
三、稅後淨利成長率
四、營業收入成長率
五、負債比率
六、流動負債
第三節 傳統技術指標應用
一、K線
二、KD技術指標
三、RSI技術指標
第四節 中價技術指標模型之建立
一、中價指標應用
二、進出場準則
三、訊號出現時操作
第五節 Multicharts程式交易應用
一、Multicharts
二、策略績效計算方式
三、績效回測方式
四、績效比較方式
第六節 上中下游複迴歸係數
第四章 實證結果
第一節 Multicharts 新普股價績效回測結果
第二節 鋰電池產業個股績效回測
一、中價和KD、RSI技術指標比較
二、依中價技術指標特性分類的回測績效
三、年化中價技術指標報酬率和無風險利率之比較
第三節 上中下游產業鏈
一、敘述性統計
二、相關係數
三、迴歸結果
第五章 結論
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