Brazil Stock Market Based on Pattern Recognition: Returns up to 9.57% 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: Short
Forecast Length: 7 Days (10/2/2019 – 10/9/2019)
I Know First Average: 4.24%
Brazil Stock Market
Brazil Stock Market chart

9 out of 10 top stock picks from the algorithm decreased as predicted for this 7 Days forecasting period. ELET3.SA saw monumental price change of 9.57% in just 7 Days. ELET6.SA, and CSNA3.SA also had excellent performances with returns of 8.66% and 5.98% respectively. Finally, good returns could also come from short positions held on the rest of successfully predicted assets, providing positive gains over the same forecast period.

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.