Brazil Stock Market Based on Deep Learning: Returns up to 12.47% in 7 Days

Brazil Stock Market

This Bovespa Stock forecast was generated by the I Know First Algorithm through its analysis of Brazil stock market data and is part of the By Country Package. The full forecast includes daily predictions for a total of 20 stocks with bullish and bearish signals:

  • Top 10 Bovespa stocks for the long position
  • Top 10 Bovespa stocks for the short position


Package Name: Bovespa
Recommended Positions: Long
Forecast Length: 7 Days (11/18/2020 – 11/25/2020)
I Know First Average: 4.88%
Brazil Stock Market
Brazil Stock Market chart

During the 7 Days forecasted period several picks in the Bovespa Package saw significant returns. The algorithm had correctly predicted 9 out 10 returns. The top performing prediction from this package was MEAL3.SA with a return of 12.47%. The suggested trades for CVCB3.SA and GOLL4.SA also had notable 7 Days yields of 12.12% and 10.71%, respectively. The package had an overall average return of 4.88%, providing investors with a 2.20% premium over the Bovespa’s return of 2.68% during the 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.