Chemical Stocks Based on Deep Learning: Returns up to 18.18% in 3 Days

Chemical Stocks

This Chemicals Stocks forecast is designed for investors and analysts who need predictions of the best chemical stocks to buy for the whole Chemistry Industry (see Chemicals Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best chemical stocks to buy:

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

Chemical Stock Forecast
Package Name: Chemicals Stocks
Recommended Positions: Long
Forecast Length: 3 Days (11/1/2019 – 11/5/2019)
I Know First Average: 6.15%
Chemical Stocks
Chemical Stocks chart

9 out of 10 stock prices in this forecast for the Chemicals Stocks Package moved as predicted by the algorithm. The prediction with the highest return was WLK, at 18.18%. Other notable stocks were IFF and KRO with a return of 10.2% and 8.2%. The Chemicals Stocks package had an overall average return of 6.15%, providing investors with a premium of 4.93% over the S&P 500’s return of 1.22%.

Westlake Chemical Corporation (WLK) manufactures and markets basic chemicals, vinyls, polymers, and building products. It operates through two segments, Olefins and Vinyls. The Olefins segment offers ethylene, polyethylene, styrene monomer, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen. The Vinyls segment provides specialty and commodity PVC, VCM, EDC, chlorine, caustic soda, and ethylene products. This segment also manufactures and sells products fabricated from PVC, including pipe, fittings, profiles, foundation building products, fence and deck components, window and door components, and film and sheet products. The company’s products are used in various consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, and residential and commercial construction, as well as other durable and non-durable goods. It also offers its products to a range of customers, including chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses primarily in North America and Europe. The company was founded in 1985 and is headquartered in Houston, Texas. Westlake Chemical Corporation (WLK) is a subsidiary of Ttwf Lp.

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.