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Econ. Qual. Control 2015; 30 (1):21–38 Research Article Galia Novakova Nedeltcheva Forecasting Stock Market Trends Abstract: Forecasting is a dicult area of management. In this article, we deal with macroforecasting. The development and assessment of econometricmethods for use in empirical nance andmacroeconomics,with special emphasis on problems of prediction, is very important. Stock market analysis, also known as tech- nical analysis, is the process of deriving patterns from price movement. In the literature, dierent methods have been applied in order to