The parameters used to determine if a stock is a 'value stock' is based on fundamental analysis. The problem with fundamental analysis is that it is based on assumptions which are usually biased. So at best fundamental analysis is a guesstimate.
Technical analysis, on the other hand, is based on actual data. Yes a lot of indicators can be played around with to suit someone's biased views, however, pure price action is based solely on actual price data and is in no way biased.
Using price action you can trade in the direction of the trend and you can decide to trade for the short, medium or longer term, with major trends lasting from a few months to years.