Technical analysis is a method of evaluating securities based on statistical analysis of market activity, such as price and volume. It is used to identify patterns and trends in market data to help predict future price movements. Technical analysts use charts and other tools to analyze market data and identify patterns, such as support and resistance levels, trend lines, and chart formations. They also use technical indicators, such as moving averages and oscillators, to help them identify potential trading opportunities. Technical analysis is often used in conjunction with fundamental analysis, which looks at a company's financial and economic data to evaluate its value.