Brazil Stock Market Based on Pattern Recognition: Returns up to 9.03% in 14 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: 14 Days (5/27/24 – 6/10/24)
I Know First Average: 1.53%
Brazil Stock Market
Brazil Stock Market chart

The algorithm correctly predicted 8 out of 10 the suggested trades in the Bovespa Package for this 14 Days forecast. The greatest return came from TSMC34.SA at 9.03%. MUTC34.SA and L1RC34.SA had notable returns of 7.92% and 7.49%. The package had an overall average return of 1.53%, providing investors with a 4.38% premium over the Bovespa’s return of -2.85% 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.