Stock Market Forecasting Using Predictive Algorithms: Up To 11.65% Return In 3 Days

Stock Market Forecasting

This forecast is part of the “Top 10 Stock Picks” package, as one of I Know First’s algorithmic trading tools. The full Top 10 Stock Picks forecast includes a daily predictions for a total of 20 stocks with bullish and bearish signals:

  • top ten stocks picks to long
  • top ten stocks picks to short
  • S&P 500 forecast

Package Name: Top 10 Stocks
Recommended Positions: Long & Short
Forecast Length: 3 Days (8/23/14 – 8/26/15)
I Know First Average: 1.21% Long; 2.57% Short

Stock Market Forecasting

 

In the recent 8/23/15 forecast that was part of the Top Stocks package, six of the ten stocks for the long position increased in accordance with the algorithm’s prediction. The top performing stock for the long position was ATML with a big return of 11.65%. For the short position, the stock that decreased the most was RIG with a loss of -9.23%. The average returns for the long and short positions were 1.21% and 2.57% respectively, both of which well outpaced the S&P 500 return of -1.54% during the same time period.

Atmel Corporation(ATML) is an American-based designer and manufacturer of semiconductors, founded in 1984. The company focuses on embedded systems built around microcontrollers. Atmel was a big mover on Monday, as the company saw its shares rise above 12% on the day. The upside came on the company’s announcement that it is extending the date of retirement of its CEO Steve Laub.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First algorithmic traders.

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Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.