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: 14 Days (6/12/24 – 6/26/24)
I Know First Average: 2.93%

I Know First’s State of the Art Algorithm accurately forecasted 7 out of 10 trades in this Bovespa Package for the 14 Days time period. TSLA34.SA was our best stock pick with a return of 17.82%. SMTO3.SA and L1RC34.SA had notable returns of 8.7% and 8.16%. The package had an overall average return of 2.93%, providing investors with a 2.10% premium over the Bovespa’s return of 0.83% 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.