Best Basic Materials Stocks Based on Pattern Recognition: Returns up to 21.67% in 1 Month

Best Basic Materials Stocks

This Basic Industry forecast is designed for investors and analysts who need daily stock market predictions of the best-performing stocks for the whole Basic Industry (see Basic Industry Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best basic materials industry stocks to buy based on artificial intelligence:

  • Top 10 Basic Industry stocks for the long position
  • Top 10 Basic Industry stocks for the short position

Stock Market Prediction Algorithm
Package Name: Basic Industry Forecast
Recommended Positions: Long
Forecast Length: 1 Month (8/11/2019 – 9/11/2019)
I Know First Average: 5.84%
Best Basic Materials Stocks
Best Basic Materials Stocks chart

During the 1 Month forecasted period several picks in the Basic Industry Forecast Package saw significant returns. The algorithm had correctly predicted 7 out 10 returns. The top-performing prediction in this forecast was CVTI, which registered a return of 21.67%. Additional high returns came from ALG and AEGN, at 14.02% and 11.21% respectively. The package itself saw an overall return of 5.84%, providing investors with a 3.02% premium above the S&P 500’s return of 2.82% for the same time period.

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 subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

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